Microsoft has acquired Mobile Data Labs, the company behind the MileIQ mileage-tracking app.
Microsoft announced the pending Mobile Data Labs acquisition on November 5, declining to disclose financial terms of the deal.MileIQ takes advantage of sensors in mobile devices to capture, log and calculate business miles for tax-deduction purposes.
According to Microsoft's blog post, MileIQ has more than one million users and has been the top-grossing finance app in the iTunes store for 20 months straight. The DataIQ app is also available in the Android Play Store.
Mobile Data Labs was founded in 2013 and is focused on using data intelligence to simplify mobile tasks. The plan going forward is for the Mobile Data Labs team to use Office 365 and the Office Graph to build more apps and services.
Microsoft's blog post didn't mention when there will be a Windows 10 and/or Windows 10 Mobile version of MileIQ available.
Microsoft's Mobile Data Labs purchase fits in with the company's overall focus on productivity apps and services, and complements Microsoft's growing list of leading iOS and Android apps, including Acompli, Sunrise and Wunderlist.