Placebase’s Pushpin is the leading platform for the development of professional web applications in mapping, business geographics, and location-based services. The former Los Angeles-based startup is used by customers in real estate, financial services, navigation and fleet tracking and other sectors to deliver deeply customized, highly fluid maps and location-related content via the web. Placebase also builds customer-specific map tilesets via its specialized render farm for fluidly usable, beautifully legible draggable maps that work without plugins in any web browser.
Placebase was acquired for an undisclosed fee and the deal was announced, probably it’s because the price was simply too small. Another reason could be that Apple wanted to keep it a “secret”, as they work on their new mapping service to compete with the search engine leader.
So why did they purchase Placebase? With the demand on maps and geo-location on the rise, Apple was clever enough to believe that mapping technology is a pretty crucial component in modern operating systems and smartphones. Besides that, Placebase didn’t cost Apple a bomb. Unlike Nokia’s acquisition of Navteq in 2007, which cost the Finnish phone maker $8.1 billion, Apple paid a few million dollars for Placebase.
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