iPhone app Grocery iQ acquired by Coupons, Inc.

According to Jason Boehle, co-founder of Free State Labs, LLC, the independent iPhone developer has sold their successful Grocery iQ iPhone app to Coupons, Inc., the leader in online couponing.

According to Jason Boehle, co-founder of Free State Labs, LLC, the independent iPhone developer has sold their successful Grocery iQ iPhone app to Coupons, Inc., the leader in online couponing.

From the press release:

Version 2 with mobile coupons is already in development and planned for a February release, and all current users will get the upgrade for free.

GroceryIQ (http://www.groceryiq.com) is the leading grocery shopping application for the iPhone or iPod Touch. The application comes preloaded with more than 130,000 items commonly found in supermarkets across America. The critically-acclaimed software enables users to organize their personal shopping lists by store, aisle, buying history, favorites, as well as customizing item sizes. With more than a thousand new installs daily, GroceryIQ has been the #1 paid application in the "Lifestyle" category of the iTunes app store since its release.

Financial terms of the transaction were not disclosed.

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