Monitise PLC Monitise and Telefónica cloud platform agreement (8963C)
October 21 2015 - 2:00AM
UK Regulatory
TIDMMONI
RNS Number : 8963C
Monitise PLC
21 October 2015
21 October, 2015
Monitise plc
("Monitise" or the "Company")
Monitise and Telefónica sign cloud platform agreement
LONDON - Monitise plc (LSE: MONI) announces that Telefónica
Digital ("Telefónica"), part of one of the largest
telecommunications companies in the world in terms of market
capitalisation and number of customers, has entered into an
agreement to explore potential projects based on the Monitise cloud
platform. The new framework agreement supersedes the previous
contract between Monitise and Telefónica, which was announced on 1
July 2013. This development is consistent with the Company's
transition to become a cloud business and the Company's guidance
for FY 2016 remains unchanged as a result of this announcement.
Monitise's new cloud platform, which launched earlier this year,
is at the core of its strategy to help clients deliver innovative
digital services to their customers. The platform provides
software-as-a-service products as well as 'build your own'
platform-as-a-service capabilities.
About Telefónica
Telefónica is one of the largest telecommunications companies in
the world in terms of market capitalisation and number of
customers. With its best in class mobile, fixed and broadband
networks, and innovative portfolio of digital solutions, Telefónica
is transforming itself into a 'Digital Telco', a company that will
be even better placed to meet the needs of its customers and
capture new revenue growth.
The company has a significant presence in 21 countries and a
customer base of 329 million accesses around the world. Telefónica
has a strong presence in Europe and Latin America, where the
company focuses an important part of its growth strategy.
Telefónica is a 100% listed company, with more than 1.5 million
direct shareholders. Its share capital currently comprises
4.938.417.514 ordinary shares traded on the Spanish Stock Market
and on those in London, New York, Lima, and Buenos Aires. If you
would like to know more about the Telefónica, please visit
www.telefonica.com.
About Monitise
Monitise plc (LSE: MONI) is a digital technology company
creating new ways to connect, interact and transact. Our platforms,
products and ideas lead to smarter, better experiences that help
financial services companies and brands across many other sectors
forge closer relationships with their customers. Through our
cloud-based approach, design consultancy and content business, we
make everyday actions easier for millions of people. Find out more
at www.monitise.com.
For further information:
Monitise plc
Lee Cameron, Chief Executive Officer Tel: +44(0)20 3657 0331
Brad Petzer, Chief Financial Officer
Canaccord Genuity
(NOMAD)
Simon Bridges, Emma Gabriel Tel: +44(0)20 7523 8000
Brunswick
Jonathan Glass, Jon Drage Tel: +44(0)20 7404 5959
This information is provided by RNS
The company news service from the London Stock Exchange
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