24 January 2017
visit http://www.wolterskluwerfs.com

Monitise acquires loyalty discount business Markco Media

26 June 2014  |  5827 views  |  0 Buy Road sign

Monitise has acquired discount network Markco Media for a total of up to £55 million as it bids to add retailer offers to its mobile money platform.

As part of the transaction, Monitise has acquired the MyVoucherCodes.co.uk and Last Second Tickets brands, augmenting the firm's Buy Anything mobile commerce product offerings by connecting to a global network of 60,000 brands and retailers.

MyVoucherCodes.co.uk works with 80% of the UK's leading online retailers while Last Second Tickets works directly with promoters, producers and venues to secure discounts for live music and entertainment and leisure events.

The acquisition, with an initial payment of £24.5m in Monitise shares rising to a maximum total consideration of £55 million depending on earn-out provisions, is expected to make its first profit as a standalone entity by 2015. While the majority of revenues are UK based, the acquired business has operations in markets including the US, France, Germany and Brazil.

Monitise chief commercial officer Lee Cameron says: "Buying rather than building these assets brings Monitise a marketing content delivery platform that has been developed over almost eight years, an instant network of marketing content partners, and a platform scalable across geographies."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Monitise names Visa veteran Elizabeth Buse co-CEO

Monitise names Visa veteran Elizabeth Buse co-CEO

04 June 2014  |  6951 views  |  1 comments | 5 tweets | 6 linkedin
MasterCard joins £109m Monitise share-placing

MasterCard joins £109m Monitise share-placing

25 March 2014  |  7547 views  |  0 comments | 5 tweets | 10 linkedin
Monitise buys Turkish mobile money firm Pozitron Yazilim

Monitise buys Turkish mobile money firm Pozitron Yazilim

03 February 2014  |  6185 views  |  0 comments | 5 tweets | 4 linkedin
Finland's OP-Pohjola signs three-year mPOS deal with Monitise

Finland's OP-Pohjola signs three-year mPOS deal with Monitise

22 January 2014  |  4397 views  |  0 comments | 1 tweets
Monitise buys out Asia Pacific JV partner

Monitise buys out Asia Pacific JV partner

17 October 2013  |  4287 views  |  0 comments
Monitise revenues soar but losses widen

Monitise revenues soar but losses widen

05 September 2013  |  6702 views  |  0 comments | 1 tweets
Monitise revenues soar as profitability lags

Monitise revenues soar as profitability lags

23 July 2013  |  4874 views  |  1 comments | 4 tweets | 3 linkedin
Visa/Monitise joint venture in India signs up Icici Bank

Visa/Monitise joint venture in India signs up Icici Bank

22 July 2013  |  6692 views  |  0 comments | 4 tweets | 2 linkedin
Monitise and Telefónica form mobile money partnership

Monitise and Telefónica form mobile money partnership

01 July 2013  |  7032 views  |  0 comments | 8 tweets | 5 linkedin
Lloyds targets Mpos market through Monitise deal

Lloyds targets Mpos market through Monitise deal

26 June 2013  |  11484 views  |  0 comments | 8 tweets | 15 linkedin
Monitise launches white label mPOS system

Monitise launches white label mPOS system

14 May 2013  |  9899 views  |  0 comments | 20 tweets | 13 linkedin
Monitise set for revenue boost from new three-year Visa deal

Monitise set for revenue boost from new three-year Visa deal

06 March 2013  |  7503 views  |  1 comments | 1 tweets | 2 linkedin
Monitise confirms placing, acquisitions and delay to break even

Monitise confirms placing, acquisitions and delay to break even

04 December 2012  |  6992 views  |  0 comments | 2 tweets

Related company news

 

Related blogs

Create a blog about this story (membership required)
http://www.financialcrimerisk.fiserv.com/aml?r=finextraVisit capgemini.comVisit contisgroup.com

Top topics

Most viewed Most shared
US fintech firms join forces to push data sharing via APIsUS fintech firms join forces to push data...
10813 views comments | 62 tweets | 53 linkedin
EU watchdog tells FS firms to focus on blockchain security risksEU watchdog tells FS firms to focus on blo...
6622 views comments | 16 tweets | 25 linkedin
hands typing furiouslyBlockchain: Securities market infrastructu...
6401 views 0 | 3 tweets | 4 linkedin
New York regulator blasts OCC over bank charter plan for fintech firmsNew York regulator blasts OCC over bank ch...
6299 views comments | 21 tweets | 15 linkedin
China's Ant Financial goes global in bid for two billion users in 10 yearsChina's Ant Financial goes global in bid f...
6065 views comments | 23 tweets | 12 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job