Business information provider Thomson Reuters Corp (NYSE:TRI;TSE:TRI) said today it had taken over British mobile platform and product development company Apsmart for an undisclosed sum.
The buyer said that through the acquisition, it will boost its mobile solutions offering. Thomson Reuters added that the deal will enhance its mobile product creation, design and development, allowing it to provide additional expert-enriched content, news and solutions through mobile devices.
Apsmart was majority owned by DN Capital, one of its founders. The latter, together with Rahul Powar, creator of the first Shazam iPhone application, established the target firm in 2009. The company’s team is specialised in creating connected, data-driven applications for iOS and Android devices.
Earlier this week, Thomson Reuters said it had finalised the USD1.25bn (EUR995.4m) sale of its healthcare business to New York-based private equity firm Veritas Capital.
The sold business is now an independent company named Truven Health Analytics and providing healthcare information, analytic tools and benchmarks to hospitals, health systems, employers, health plans, government agencies and pharmaceutical companies.