Monitise's Clairmail deal could be bad news for London market

(City A.M. (UK) Via Acquire Media NewsEdge) MONITISE'S acquisition of US mobile banking software firm Clairmail is expected to pass a shareholder vote today with flying colours.

But if approved, the $173m (£111m) deal could be bad news for London's stock market.

It is understood that Monitise, currently traded on AIM, plans to move its listing across the pond once the financial services technolog y company settles into its new position stateside.

Announcing the deal in March, Monitise said it would count a third of North America's top 50 financial institutions as clients and reach 13m consumers across four continents after acquiring Clairmail.

"Monitise is not far off outgrowing AIM, and moving its listing to the US is definitely a strong possibility," a spokesperson for the company told City A.M. yesterday. The spokesperson stressed that it is early days, adding that no decision has yet been made, but confirmed that Monitise is already speaking to bigger global banks.

The British firm is currently advised by Canaccord Genuity.

(c) 2012 City A.M.

[ Back To Contact Center Solutions Homepage's Homepage ]

Related Contact Center Solutions Articles

MetricNet Publishes 4 New Australian Benchmarks for IT Support, Contact Centres
[ Read More ]
05/21/2013

Liverpool Bosch Contact Center Hopes for Threefold Expansion by Year End
[ Read More ]
05/03/2013

Bunchball Unveils Augmented Gamification Tools for Jive Platform
[ Read More ]
04/08/2013

Teleperformance Earns the Multimedia Contact Center Award
[ Read More ]
03/19/2013

Shangri-La Unveils Customer Contact Center in China
[ Read More ]
03/13/2013

B. Braun Uses NextiraOne for UC and Contact Center Support
[ Read More ]
03/12/2013

Contact Centre Australia Generates Job Growth in Wellington, New Zealand
[ Read More ]
03/04/2013

[ View all Contact Center Solutions Articles ]

Contact Center Solutions Glossary of Terms

A B C D E F G H I J K L M N O

Featured Whitepaper

Microsoft® Lync® in the Contact Center: Integrating with Customer Interaction Center™ to Provide a Barrierâ€free Customer Experience To implement contact center functionality, organizations using Microsoft Lync Server 2010 can follow the unified communications blueprint of open standards interoperability and integrate to a contact center solution of their choice. Customer Interaction Center (CIC) from Interactive Intelligence is a proven best of breed contact center solution that merits consideration ...

Featured Success Story

Interactive Intelligence all-in-one IP communications software suite integrated with Microsoft Lync helps Bentley save $200,000 annually.

Featured Product Demo

Contact Center Solutions Interaction Analyzer™

Interaction Analyzer™
Real-time word and phrase spotting. Alerting. Analytics. Scoring. Coaching. Watch how Interaction Analyzer turns every moment, of every past and present call, into data that lets you deliver an exceptional customer experience.