Apple has made the moves to acquire Locationary, a Toronto-based location-data company.
According to AllThingsD, sources familiar with the matter stated that the deal is complete and includes Locationary's team and technology. The price of the acquisition was not disclosed.
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A statement from Apple spokesman Steve Dowling stated, "Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans."
The acquisition was likely made to improve Apple Maps, the navigation app launched by the Cupertino-based organization last September with iOS 6 as a replacement for Google Maps.
Apple Maps was immediately bombarded with criticism, from incorrect labeling to its bizarre depictions of roads. The Apple Maps criticism was so vocal that Apple CEO Tim Cook issued an apology late last year.
"At Apple, we strive to make world-class products that deliver the best experience possible to our customers," Cook stated. "With the launch of our new Maps last week, we fell short on this commitment. We are extremely sorry for the frustration this has caused our customers and we are doing everything we can to make Maps better."
Ironically, Locationary CEO Grant Ritchie wrote an article for TechCrunch on Sept. 30, 2012, on how Apple Maps could improve.
For a reviews roundup of Apple Apps, click here.
For a slideshow of Apple Maps' mistakes, click here.