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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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald