LONDON-- U.K. mobile payments technology company Monitise PLC
(MONI.LN) Thursday announced a strategic review as it issued the
latest in a string of revenue warnings.
The company, which is part owned by the payment card company
Visa Inc. (V), said it now expects of 90 million pounds ($136.2
million) to GBP100 million for the current financial year, down
from its previous prediction of 25% growth from revenue of GBP95.1
million for the year ended June 30, 2014.
"The board believes that the Company has an exciting future as
an independent business, however it recognises that there may be
other businesses which could leverage Monitise's capabilities for
digital commerce enablement to significantly accelerate the growth
of the business and take maximum advantage of the growth
opportunities in the market Thursday," the company said.
"The Strategic Review is expected to be all encompassing and
will include consideration of corporate transactions and stock
market listing options," it added.
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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