June 18, 2012

Faegre Baker Daniels Advises Thomson Reuters on Acquisition of Apsmart Limited

Faegre Baker Daniels has advised Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, on its purchase of Apsmart Limited (Apsmart). 

Founded in 2009, Apsmart is a London-based mobile platform and product development firm that was majority-owned by DN Capital.  The team is well known for creating connected, data-driven applications for iOS and Android devices. 

The Apsmart acquisition will enhance Thomson Reuters mobile product creation, design and development and will build upon the success of the advanced suite of Thomson Reuters mobile offerings which include Thomson Reuters WestlawNext and Thomson Reuters ProView eReader.

The Faegre Baker Daniels corporate team who advised on this transaction was led by Paul Finlan, with assistance from Jennifer Peters and Amy Coburn.  Catrin Jennett advised on the employment issues, and Gary Weinstein advised on the IP aspects of the matter.

Apsmart Limited was advised by Field Fisher Waterhouse.

Commenting on the deal, Paul Finlan said, "We are delighted to have acted for Thomson Reuters on this acquisition. The deal required assistance from several departments to ensure a smooth transition.  We are excited to have been part of such a strategic development for Thomson Reuters allowing them to further develop their mobile applications."

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