Monitise (LON:MONI) - Completion of Clairmail acquisition
Jul 02nd 2012 - Edison Investment Research today published a report on Monitise (MONI.L, LSE:MONI, LON:MONI) entitled "Completion Of Clairmail Acquisition". In summary, the report says:
As Monitise has completed the acquisition of Clairmail, which extends the group’s reach in the US, we introduce revised forecasts to incorporate the new business. Now that the deal has closed, the combined US operation can focus on accelerating growth in US users through both the direct sales force and via partners FIS and Visa Inc. Until profitability is reached (targeted for FY14), we expect the share price to move with the achievement of key milestones that demonstrate or drive user adoption.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
