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.
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