Microsoft buys an app that can track how far you travel

Microsoft announced today that it's acquired Mobile Data Labs, the startup behind leading mileage-tracking app MileIQ, for an undisclosed sum. While not the most riveting piece of software, the acquisition marks the continuation of Microsoft's effort to gain a foothold in mobile through scooping up popular apps — productivity apps, in particular — that can be tied into Windows services.

Mobile Data Labs was founded by Dan Bomze and Chuck Dietrich in 2011 and its mileage app, which has been the top grossing finance app on the iOS App Store for 20 months now, counts more than 1 million users. Aimed at small business employees and freelancers, MileIQ automatically logs mileage for its users and allows them to calculate their tax...

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