Clairmail, a US mobile payment technology firm, has been acquired by UK rival Monitise for US$173m.
Monitise previously announced that the acquisition consideration would be satisfied through the issue of up to 312,787,144 new ordinary shares, or 26.5%…
Clairmail, a US mobile payment technology firm, has been acquired by UK rival Monitise for US$173m.
Monitise previously announced that the acquisition consideration would be satisfied through the issue of up to 312,787,144 new ordinary shares, or 26.5% of the share capital of the enlarged company after completion of the deal.
Monitise’s financial adviser for the deal was Goldman Sachs. Its nominated adviser and broker was Canaccord Genuity.
Monitise said in a statement that now the deal has closed the company will handle over a billion transactions a year and process US$15bn of transfers on an average week.
Clairmail’s CEO Pete Daffern will stay in his position at the head of the Clairmail business within the Monitise Group. Daffern will also join Monitise’s Group Executive Board.
Monitise CEO Alastair Lukies said: “With our acquisition of Clairmail and our activities in the US and globally, we are perfectly placed, with the support of our strategic partners, to help our clients in the battle for consumer engagement.”
