This has been yet another successful period in the Monitise journey. We were delighted with the strong investment community interest and support shown for our business with the capital raise carried out in December 2012. The proceeds from this are being used to rapidly scale our business as we enhance our global Mobile Money leadership position, laying deeper foundations for future growth.Monitise management also announced that it is to launch a BlackBerry Messenger service in Indonesia, alongside Research In Motion Ltd (NASDAQ:BBRY) and Permatabank, one of the country's top 10 financial institutions. Additionally, it has entered into a strategic partnership with Venda, the world's largest on-demand eCommerce provider. The partnership will fast-track retailer adoption of Monitise's Instant Mobile Checkout by seamlessly integrating with Venda's commerce platform. With the shares as low as 2.89 pence in 2009, they have now 12-bagged their way to the current price -- canny investors who bought in five years ago, then, will be sitting on some very healthy gains.
The article 12-Bagger Monitise Continues to Snowball originally appeared on Fool.com and is written by Sam Robson.
Sam does not own shares in Monitise.
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