Microsoft has bought Mobile Data Labs, a startup best known for its mileage tracking app MileIQ.
MileIQ automatically tracks and logs the miles you drive, and helps you claim your deductions or reimbursements. It's a simple idea, but MileIQ is actually a handy tool to millions of workers who otherwise has to track and report this stuff manually.
MileIQ has 1 million users and has been the top grossing finance app in the iTunes store for 20 straight months, Microsoft said. It helps users save $547 a month on average, or more than $6,500 a year, according to MileIQ.
The app will likely remain in full service, as MileIQ