Apple spokesman Steve Dowling has confirmed that they've acquired Toronto based "Locationary" stating that "Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans." Last year Locationary's CEO and Founder Grant Ritchie laid out 5 big map issues that Apple had to solve, showing that he had a deep understanding of the underlying problems at hand. Locatioinary's claim to fame is their Saturn project which is a revolutionary real-time blending technology that can merge data from multiple sources as quickly as you can download it.
Multiple sources familiar with the deal told AllThingsD that Apple is acquiring Locationary's technology and team. While it's a given that Locationary's team will be able to boost Apple's Maps application, it should be noted that Locationary's Saturn project goes far beyond just location.
Locationary's presentation as noted below, though a little dry in style, is packed with information about Project Saturn. Saturn is a Federated Data Exchange Platform that in some ways is a little like Dropbox + Google Docs + Salesforce. The project as is stands is set to work with iOS, Android and Windows. Whether Apple will kill off future Android and Windows development is unknown at this time.
Locationary's presentation is found starting at the 1:33 mark and going right through to the 15:37 minute mark.