Monitise named winner in M&A Awards
Monitise recognised for Cross-Border Deal of the Year
28 Jun 2013
Monitise, the global Mobile Money specialists, has been recognised as the winner of the Cross-Border Deal of the Year in the 2013 M&A Awards in the UK for its acquisition of Clairmail, the North American mobile banking and payments specialist.
Winners in the sixth annual event were announced at a ceremony held at the the Millennium Mayfair Hotel in London on 27 June, with Monitise Chief Commercial Officer Lee Cameron and Company Secretary Tom Spurgeon accepting the accolade on behalf of the company.
The Cross Broader Deal of the Year award recognises the most impressive cross border M&A deal conducted in the 12 months to March 2013. It was open to any deal in which one party is from the UK and another from overseas. The judges considered how the parties overcame barriers of geography, legislation and culture to complete the transaction, as well as its success in advancing the international strategy of the acquirer, or achieving a satisfactory exit for the vendors.
Monitise’s headquarters are in central London near the Bank of England while Clairmail’s business was based in San Rafael, just north of San Francisco. Monitise completed its acquisition of Clairmail in June 2012, further enhancing the UK-based company’s position as a global leader in the fast-expanding Mobile Money market.
At the time of the transaction, Clairmail had more than half of the top 13 North American financial institutions, a third of the top 50 as its customers and around 6 million active end users. Today, Monitise has more than 20 million registered users and provides services to more than 350 financial institutions in the US and around the world.
Commenting on the award win, Monitise Chief Executive Alastair Lukies said: “On behalf of all our staff in the US and around the world, I am delighted that Monitise has been recognised for its successes with this deal. The transaction was one of three transformational deals we executed across banking, payments and commerce. We are extremely proud to be a UK-based global business with several hundred experts from Cardiff to California, London to Hong Kong and beyond working passionately on Mobile Money innovation for our partners and clients.”
An overview of the winners from the night can be viewed here http://www.manda-awards.com/MandA-Awards/winners.html
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 over 20 million consumers benefit from our patented technology to 'bank anywhere', 'pay anyone' and 'buy anything' accounting for over $30 billion of payments, purchases and transfers annually. More information is available at www.monitise.com
For further information about Monitise
Haya Herbert-Burns Tel: +44(0)203 657 0366
Gavin Haycock Tel: +44(0)203 657 0362