Mobile Banking Provider Clairmail Sells to Monitise for $173 Million

A big payday today for one of the companies competing in the ultra-competitive mobile banking space. U.K.-based Monitise has agreed to acquire Clairmail of San Rafael, Calif., for $173 million, pending regulatory and shareholder approvals. Together, the two companies will provide banking technology to financial institutions worldwide.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work