FISERV INC acquired Monitise plc, a transaction completed in September 2017, structured as Acquisition completed September 1, 2017; one of four 2017 acquisitions (with Online Banking Solutions, PCLender and Dovetail) acquired for an aggregate purchase price of $383 million, net of $33 million of acquired cash, plus earn-out provisions with an estimated fair value of $15 million; individual price not disclosed..
Monitise plc operates in Payments and Industry Products, is based in United Kingdom. Monitise plc is a provider of digital solutions that enable innovative digital banking experiences for leading financial institutions worldwide. Fiserv completed its acquisition of Monitise on September 1, 2017, expanding its digital banking leadership.
Broadened Fiserv's digital banking technology and international reach in mobile and digital financial services for financial institutions worldwide.
Advisory firms were not disclosed for this transaction.