M&A Deal Summary

Monitise Acquires Pozitron Yazilim A.S.

On February 3, 2014, Monitise acquired internet software and services company Pozitron Yazilim A.S.

Acquisition Highlights
  • This is Monitise’s 1st transaction in the Internet Software and Services sector.
  • This is Monitise’s 1st transaction in Turkey.

M&A Deal Summary
Date 2014-02-03
Target Pozitron Yazilim A.S.
Sector Internet Software and Services
Buyer(s) Monitise
Deal Type Add-on Acquisition
Advisor(s) GP Bullhound (Financial)

Target

Pozitron Yazilim A.S.

Istanbul, Turkey
Pozitron Yazilim A.S., a privately-owned mobile technology company delivering mobile banking, payments and commerce solutions to businesses in its home market, the Middle East and internationally.

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Buyer(S) 1

Buyer

Monitise

London, United Kingdom
Category Company
Founded 2003
Sector Information Technology
Employees420
DESCRIPTION

Monitise plc is a specialist in financial services technology focused on accelerating the digital transformation of banks and financial institutions. Monitise FINkit® platform and associated capabilities builds upon over a decade of experience in delivering digital services to banks and financial services partners. Whether it is augmenting legacy systems with minimal impact on those systems, a greenfield project, or strategic digital transformation, FINkit® delivers innovation at speed, safely and securely.

DEAL STATS #
Overall 3 of 4
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 3 of 4
Country (Turkey) 1 of 1
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-04 Grapple Mobile

London, United Kingdom

Grapple Mobile Ltd. is a designer and developer of applications for android mobile phones.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-26 Markco Media

London, United Kingdom

Markco Media Ltd. is a player in creating digital solutions that link consumers to retailers via innovation, marketing and technology. The company was founded in 2007 and is based in London, United Kingdom.

Buy -
Mergr

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