United States-based mobile banking and payment solutions provider, Clairmail announced this morning that it will be acquired by Monitise, its European-based competitor.
Monitise will acquire Clairmail for $173 million to expand its international presence by leveraging Clairmail’s grasp on the North American market.
Together, Monitise and Clairmail will:
- Have 13 million registered consumers
- Operate across four continents
- Process billions of transactions per year
- Have 600 employees
- Process $10 billion in payments and transfers per year
The deal is expected to close on June 30, the end of Monitise’s fiscal year.
To learn more about Monitise and Clairmail, watch Monitise’s Finovate 2007 demo and Clairmail’s FinovateFall 2010 demo.