Financial Times Buys Assanka of London to Boost Web Software Development
The Financial Times, owned by
education publisher Pearson Plc (PSON), acquired London-based web
developer Assanka Ltd., according to an inner memo.
“This merger supports a plan to broach our
world-class broadcasting anywhere, anytime on any device,
delivering new digital products and services that rivet our
busy readers,” Chief Executive Officer John Ridding wrote in a
message to staff today. Financial terms weren’t disclosed.
Assanka, founded in 2003 by Andrew Betts, 30, and
Robert Shilston, 28, grown an iPad focus for the
Financial Times that authorised a journal to circumvent
Apple Inc. (AAPL)’s capitulation routine and keep all income from
its subscription price.
The Financial Times has some-more than 250,000 digital
subscribers and some-more than 1 million users of a FT Web App,
according to Ridding’s memo.
Assanka, that has 12 full-time employees, will turn part
of a newspaper’s record multiplication and will rise software
across Pearson, Ridding said.
The program organisation available a distinction of 348,245 pounds
($560,000) in a mercantile year finished Mar 2011, according to
filings with Companies House.
To hit a contributor on this story:
Edmund Lee in New York at
elee310@bloomberg.net
To hit a editor obliged for this story:
Kenneth Wong during kwong11@bloomberg.net
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