Sign In

Search Press
Looking for press releases of a particular company? Enter company name (or keyword) here.


Thomson Reuters Acquires Apsmart
Acquisition enhances world-class capability across Thomson Reuters mobile products

8 Jun 2012

NEW YORK, LONDON – Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today 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 will improve Thomson Reuters ability to provide customers with mobile solutions that drive a competitive differentiation in the marketplace.

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.

“This new team brings strong experience in end–to–end mobile development capabilities from user experience and design through to product realization and platform services,” said Robert Schukai, global head of mobile technology at Thomson Reuters. “As we move forward, we will have a greater ability to develop foundational mobile capabilities that build significant brand value in our mobile product portfolio.”

“The team at Apsmart is excited about the opportunity to apply our diverse mix of skills to the large Thomson Reuters customer base. We look forward to helping drive the strategy and creation of significant new experiences in mobile across the organization,” said Rahul Powar, new head of mobile application development at Thomson Reuters.

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.

Terms of the agreement were not disclosed.

Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. For more information, go to

About DN Capital
DN Capital is a global early stage and growth capital investor in digital media, mobile, e-commerce and software companies with offices in London and Palo Alto. DN Capital's objective is to identify, invest in and actively support its portfolio companies to become global leaders. Portfolio companies include Shazam Entertainment, Endeca Technologies (Sold to Oracle), Datanomic (Sold to Oracle), Apsmart (Sold to Thomson Reuters), Eyeka, JacobsRimell (Sold to Amdocs) Mister Spex, OLX (Sold to Naspers), Digital Chocolate, Tbricks and Windeln.

The professionals at DN Capital bring over 50 years of private equity investment experience to their portfolio companies, and actively work with them to steward their growth through the various stages of development. Additional information about the firm and its portfolio companies can be found on its web site,


David Girardin
Corporate Affairs Manager
+1 646 223 4870

Pete Biggs
Corporate Affairs Manager
+44 (0) 207 524 4214

Publisher Contact Information:

Thomson Reuters
+44 (0) 207 524 4214

Company profile of Apsmart (acquired by Thomson Reuters)
Past press releases of Apsmart (acquired by Thomson Reuters).


Tech investments
From our Online Data Service
VC-backed companies
From our Radar

Recent Deals

Nov 25€24.0MInternet commerce
Nov 8N/AOther Computers & Electronics
Nov 5€2.1MAudio/Video
Nov 5€5.2MOther Computers & Electronics
Nov 5€0.4MInternet services
Nov 5€1.3MSecurity
Nov 5€1.5MAudio/Video

For information on Europe's most extensive database on technology funding click here!


Press Releases

Sep 30
tetavi raises $6 million to help more companies bring 3d holograms ...

May 28
identiq raises $5m seed, launches privacy-first identity validation...

Apr 29
nethone raised over $1 million from innovation nest

Mar 31
the fit allocates chf 100'000 to comppair technologies

Jan 29
yumpingo raises $10m to transform guest experiences in restaurants

About usContact usLegal Information
Copyright © 1999-2019
Emerging Technology Research Europe Inc. All rights reserved.