Monitise acquires Grapple Mobile Ltd
European mobile innovation and design agency complements Monitise global capabilities
Monitise announces that it has acquired Grapple Mobile Ltd, a mobile innovation and design agency delivering smartphone and tablet solutions for leading European brands including Whitbread, Procter & Gamble, Sky and B&Q.
Grapple will form part of Monitise Create, a division focused on designing and developing world-class digital strategies and user experiences.
The acquisition of Grapple complements Monitise’s globally-recognised capabilities in creating, deploying and running intuitive, cutting-edge, and bank-grade mobile solutions for and with some of the world’s leading financial institutions, payment companies, network operators and technology businesses such as Visa, Telefónica, IBM, RBS, Lloyds, Cognizant and CGI.
Lee Cameron, Monitise Group Chief Commercial Officer said: “The Grapple acquisition marks another important milestone for the growth of our global group and further cements our leading position as a trusted enabler at the centre of the Mobile Money ecosystem.
I would like to congratulate the multi award-winning Grapple team for the great progress they have made in the mobile innovation space. As a young team, they have built a well-deserved reputation as the go-to company for cutting-edge mobile design and strategy services for some of the world’s leading brands across not only financial services but also in retail, leisure and media.”
Cameron added: “As our mobile devices become more advanced, it is Monitise’s stated role to ensure that our key customers and partners can provide their customers the most cutting edge and intuitive interface possible.”
Grapple Chief Executive Officer Alistair Crane commented: “Since we founded the company in 2010, we have been dedicated to helping clients monetise the mobile channel. I am incredibly proud of our talented and driven team and we are all excited to be joining Monitise to seize the global Mobile Money opportunity.”
Monitise (LSE: MONI) is a world leader in Mobile Money - banking, paying and buying with a mobile device. Leading banks, payments companies, retailers and mobile networks utilise Monitise's technology platforms and services to securely connect people with their money.
Already 24 million consumers benefit from our patented technology to 'bank anywhere', 'pay anyone' and 'buy anything', accounting for $50bn of payments, purchases and transfers annually. More information is available atwww.monitise.com.