Monitise PLC MONI Ranked as third fastest growing tech company in UK

  Monitise PLC (MONI) - Ranked as third fastest growing tech company in UK

RNS Number : 7759Q
Monitise PLC
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
years."



"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: 
http://www.deloitte.co.uk/fast50/winners/2012-case-studies/monitise.cfm



About Monitise



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 
revenue.



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.



About Deloitte:

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.



Contacts





                                        

Monitise Group                           

Gavin Haycock, Media Relations           Tel: +44 (0) 20 7947 4156

Gavin.haycock@monitise.com               
Haya Herbert-Burns, Investor Relations   Tel: +44 (0) 20 7947 4928

Haya.herbert-burns@monitise.com          
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
Simon Bridges
Cameron Duncan
FTI Consulting                           Tel: +44 (0) 20 7831 3113
Charles Palmer
Jon Snowball





                     This information is provided by RNS
           The company news service from the London Stock Exchange

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NRABKCDPDBDDCDK -0- Nov/09/2012 12:00 GMT