Media: FT buys app developer

The Financial Times has acquired Assanka, the London-based developer of its HTML5 web app, for an undisclosed sum.

In an internal memo to staff, the FT's CEO John Ridding said: 'It will further boost our momentum in digital journalism, help us improve our development processes and allow us to maintain our edge in this strategically important area.'

As well as the FT's HTML5 app for mobile devices, Assanka also built the FT's recently launched Android app and provides support for its blog platforms, including FT Alphaville.

Assanka will become part of the FT Technology Group and will also help develop mobile apps for Pearson, the FT's parent company.

Mobile has been central to the business publisher's multi-platform strategy and it now claims to have over a million registered users for its web-based HTML5 newspaper app, which launched last June.

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