Business information provider Thomson Reuters, US, has announced that it has acquired Apsmart, a London-based mobile platform and product development firm that was majority owned by DN Capital. The Apsmart acquisition is projected to improve Thomson Reuters ability to provide customers with mobile solutions that drive a competitive differentiation in the marketplace. Terms of the agreement were not disclosed.
Mobile is an increasingly significant way in which professionals work and consume information. The acquisition of Apsmart will enhance Thomson Reuters mobile product creation, design and development, allowing the company to deliver even more expert-enriched content, news and solutions through the interfaces that professionals want on the mobile devices they use.
Founded in 2009 by DN Capital and Rahul Powar, creator of the first Shazam iPhone application, Apsmart is at the cutting edge of mobile build and design. The team is well known for creating connected, data-driven applications for iOS and Android devices.
The addition of the Apsmart team will build upon the success of the advanced suite of Thomson Reuters mobile offerings which include Thomson Reuters WestlawNext and Thomson Reuters ProView eReader.
