New acquisition
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.
The UK-based company has been rebranded as Monitise Create and will form part of its specialist department, focusing on designing and developing digital strategies and user experience.
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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