Monitise Acquires ClairMail for $173,000,000

  • Feed Type
  • Date
    3/27/2012
  • Company Name
    ClairMail
  • Mailing Address
    781 Lincoln Ave San Rafael, CA 94901
  • Company Description
    ClairMail delivers true workforce mobility by extending access to enterprise applications from any mobile device with just one-click.
  • Website
    http://www.clairmail.com
  • Transaction Type
    M&A
  • Transaction Amount
    $173,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The Acquisition consideration will be satisfied entirely by the issue of up to 312,787,144 new Ordinary Shares representing approximately 26.5% of the fully diluted share capital of the enlarged Company1, post completion, and values Clairmail at approximately US$1732m (£109m), based on Monitise’s share price of 35.0 p as of the close of trading on March 23, 2012.