Thomson Reuters Reels In App Maker
Thomson Reuters on Friday announced the acquisition Apsmart -- a London-based startup that builds and designs iOS and Android applications. Financial terms of the deal were not disclosed. Founded by Rahul Powar -- who created the first Shazam iPhone app -- the company’s clients include The Daily Beast, Johnson & Johnson, and Just Giving.
“The acquisition will help Thomson Reuters create and design better mobile products focused on news and content,” The Next Web writes. “More specifically, the Apsmart team will work on improving Thomson Reuters’ mobile offerings, which include Thomson Reuters WestlawNext and Thomson Reuters ProView eReader.”
Backed by DN Capital, Apsmart also made a music app of its own named MPme. Suggesting we have a trend on our hands, TNW reminds us that The Financial Times recently made a similar move by buying London-based application development firm Assanka.