US: Tech giant Microsoft has announced that it is buying Mobile Data Labs, the creator of the popular Android and iOS mileage-tracking app, MileIQ. The app uses the sensors present in smartphones to automatically capture, log and calculate business miles, allowing users to confidently claim tax deductions. In fact, it is estimated that the average MileIQ subscriber is able to deduct $547 per month in business miles.
Mobile Data Labs was cofounded by Dan Bomze and Chuck Dietrich in 2013. Today, the MileIQ counts over 1 million users and has been the top-grossing finance app in the iTunes store for 20 months straight. Microsoft, meanwhile, is aiming to reinvent productivity and business process in a mobile-first, Cloud-first world.