Mobile payments firm Monitise is buying mobile design agency Grapplefor GBP39m (USD60.8m). Grapple, which was launched in 2010, works with brands such as Sky and B&Q to produce digital products for smartphones and tablets.
Lee Cameron, Monitise Group Chief Commercial Officer said: “The Grapple acquisition marks another important milestone for the growth of our global group and further cements our leading position as a trusted enabler at the centre of the Mobile Money ecosystem.
I would like to congratulate the multi award-winning Grapple team for the great progress they have made in the mobile innovation space. As a young team, they have built a well-deserved reputation as the go-to company for cutting-edge mobile design and strategy services for some of the world’s leading brands across not only financial services but also in retail, leisure and media.”
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