Microsoft Acquires MileIQ App Maker Mobile Data Labs

Redmond-based Microsoft has acquired Mobile Data Labs, developer of the very popular mileage-tracking app MileIQ. Financial terms of the deal were not disclosed.

Rajesh Jha, Corporate Vice President, Microsoft Office 365 and Outlook, wrote in a blog post: “The team will continue to build and offer mobile productivity solutions and look to take advantage of insights from Office 365 and the Office Graph.”

Founded by Dan Bomze and Chuck Dietrich in 2011, Mobile Data Labs is a San Francisco-based startup that built MileIQ, a very popular mileage-tracking app for iOS and Android devices. MileIQ app captures logs and calculates miles that the user drives and stores the drive log in the cloud. Mobile Data Labs was incorporated in 2012 and based in San Francisco, California. Investors include Salesforce founder and CEO marc Benioff, SV Angel, Google Ventures Europe partner Tom Hulme and Charles River Ventures. The company has a total of $15.11 million in two funding rounds, including a $12.11 million Series A led by Trinity Ventures round earlier this year.

Mobile Data Labs is the latest mobile-friendly app that Microsoft has acquired since Satya Nadella became CEO of Microsoft Corporation and started working about the company’s “the mobile first and cloud-first world.” Other Microsoft’s acquisitions include Acompli, Sunrise and Wunderlist.

Image credit: Fortune and The Register

Leaderboard: Companies acquired by tech giants in the last 5 years

Microsoft: Acquired at least 15 companies between 2019-2024. The total spending on acquisitions during this period exceeds $30 billion.

Google: Acquired 33 companies between 2019 and 2024. Total acquisition costs are estimated to be in the range of $10-15 billion.

Apple: Known for its strategy of smaller acquisitions, Apple made over 20 acquisitions from 2019 to 2024. Reports said around $2 billion spent during this period.

IBM: From 2019 to 2024, IBM acquired about 15 companies. The total value of IBM’s acquisitions is estimated at around $36 billion for this period.

Oracle: Oracle has acquired over 10 companies during 2019-2024. Total spending on acquisitions is estimated at around $30 billion.

Meta Platforms (formerly Facebook): Between 2019 and 2024, Meta acquired around 10 companies. Spending on acquisitions is estimated to be around $4-5 billion.

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Microsoft Acquires MileIQ App Maker Mobile Data Labs

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Leaderboard: Companies acquired by tech giants in the last 5 years

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