Jan 09th 2013 - Edison Investment Research today published a report on Monitise (MONI.L, LSE:MONI, LON:MONI) entitled "More Mobile Money". In summary, the report says:
In order to further its m-commerce ambitions, Monitise has raised £100m from its largest placing to date, and has also made two all-share acquisitions in the space. This should enable Monitise to accelerate the integration of m-commerce technology into its Mobile Enterprise Platform and positions the company to support existing and potential financial institution customers with a complete range of mobile banking, payments and commerce solutions. Although the acquisitions and increased investment in growth will push EBITDA break-even further into FY14, this should accelerate the generation of high-margin m-commerce revenues.
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