Monitise PLC (MONI) - Ranked as third fastest growing tech company in UK
RNS Number : 7759Q
09 November 2012
Monitise ranked as third fastest growing technology company in the UK in the
2012 Deloitte Technology Fast 50
Monitise's 2875% percent growth attributed to 'tremendous' support from
partners and government bodies
London, November 9, 2012 - Monitise plc (LSE: MONI), the technology and
services company delivering mobile banking, payments and commerce networks
worldwide, today announced that it ranked number three in the 2012 Deloitte
Technology Fast 50, a ranking of the 50 fastest-growing technology companies
in the UK. Positions are based on percentage revenue growth over five years.
Monitise grew 2875% percent during this period.
Monitise Group Chief Executive Alastair Lukies credits the company's rapid
growth rate and global success over the past five years to its unique network
approach to Mobile Money and the ongoing support received from its strategic
partners, including Visa Europe, Visa Inc. RBS Group and FIS, as well
government bodies such as UK Trade & Investment.
He said, "We are delighted to be recognised as the UK's third fastest growing
technology company and to be ranked in the list for the second year running.
We have had tremendous support from our partners and the government to help us
grow on a global scale and sustain our revenue growth over the past five
"We are at the foothills of the Pyrenees when it comes to the Mobile Money
opportunity, and Monitise is perfectly positioned at the heart of the
connected and evolving global Mobile Money ecosystem. We have a strong,
energetic team of experts at Monitise who are passionate about what we do and
together we are best placed to capitalise on the dynamic nature and fast
growth of the space."
David Halstead, Partner leading the DeloitteTechnologyFast 50, said: "The
Deloitte Technology Fast 50 gives great profile to technology companies and is
internationally recognised as being one of the most important business awards
in the sector."
"The 2012 Deloitte Fast 50 shows that tremendous growth rates are still
possible, with software sectors showing particular strength, they have had the
greatest amount of entries in the past five years."
"The Technology Fast 50 awards are an opportunity for businesses to gain
recognition for their successes and achievements over the last five years.
This year's ranking highlights the importance of finding a niche product or
service to beat the recession."
This year's Deloitte Technology Fast 50 highlights the dominance of London,
with six of the top ten companies coming from the capital. Overall, technology
companies from London make up 42% of the ranking and 79% of the revenue* for
the winning 50 was generated by companies from London.
Halsteadadded: "The increased focus on the Silicon Roundabout area from the
Government, the media and larger technology companies has helped to drive
confidence in the area as a credible European hub for the industry."
Notes to editors
* Growth rates are all over the last five years.
The full list of this year's winners and winner breakdown by region and sector
is available at www.fast50.co.uk. A case study interview with Monitise CEO
Alastair Lukies can be viewed at the following link:
Monitise plc (LSE: MONI) is a leading technology and services company that
delivers mobile banking, payments, and commerce networks worldwide. Monitise
enables financial institutions and other payments companies to defend and
extend their market position by protecting their existing customer
relationships and transactions while enabling new forms of mobile commerce
Monitise powersbank-grade solutions that are delivered on premise, or via
cloud services, handling more than a billion transactions and overUS$20bn
worth of payments and transfers on an annualised basis. Monitise has a global
reach and unique set of partners and clients using its completely adaptable
platform. More information is available at www.monitise.com.
In this press release references to Deloitte are references to Deloitte LLP,
which is among the country's leading professional services firms.
Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu
Limited ("DTTL"), a UK private company limited by guarantee, whose member
firms are legally separate and independent entities. Please see
www.deloitte.co.uk/about for a detailed description of the legal structure of
DTTL and its member firms.
The information contained in this press release is correct at the time of
going to press.
For more information, please visit www.deloitte.co.uk.
Gavin Haycock, Media Relations Tel: +44 (0) 20 7947 4156
Haya Herbert-Burns, Investor Relations Tel: +44 (0) 20 7947 4928
Monitise Group Executive Team
Alastair Lukies, Chief Executive Officer
Lee Cameron, Chief Commercial Officer
Mike Keyworth, Chief Operating Officer
Canaccord Genuity Limited (NOMAD) Tel: +44 (0) 20 7050 6500
FTI Consulting Tel: +44 (0) 20 7831 3113
This information is provided by RNS
The company news service from the London Stock Exchange
NRABKCDPDBDDCDK -0- Nov/09/2012 12:00 GMT
Press spacebar to pause and continue. Press esc to stop.