Edison Investment Research - Monitise PLC (MONIF) Flash note: Partners make strategic investments

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Edison Investment Research

Flash note: Partners make strategic investments

Monitise has announced that it is in discussions to expand its commercial agreements with Santander, TelefÃ³nica and MasterCard. The strategic partners will invest a total of Â£49m in Monitise (7.6% of enlarged share capital) to support platform development and roll-out. Increasing interest in and support for the companyâ€™s open platform from large players in three key verticals is encouraging, and the additional investment provides further comfort that the companyâ€™s FY18 targets can be achieved.

27/11/2014 2 EN

Underlying

Monitise PLC

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GB00B1YMRB82 United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Flash note: Partners make strategic investments

Ford Equity International Rating and Forecast Report

Update: Termination of coverage

Update: Business resized; fully focused on cloud platform

Basilea Pharmaceutica - Cresemba milestone payments continue to roll in

AAC Clyde Space - Solid start to the year with further order growth

Tinexta - Typical seasonality in Q124

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