Monitise in two multi-million dollar contracts

 
Oliver Smith
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STRUGGLING mobile money business Monitise offered a glimmer of hope to investors yesterday, announcing “two major multi-year contract wins with multi-million dollar aggregate value”.

The firm, which placed itself up for sale as part of a strategic review last month, did not reveal who the deals are with, saying only that one was “with a top 10 US financial institution” and the other “with a global partner”. Monitise counts Santander and MasterCard among its existing customers, but a series of revenue warnings pushed the firm to consider options including a sale for which it has received “a number of expressions of interest”.

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