Monitise plc is a United Kingdom-based holding company. The principal activity of the Company is as a technology company delivering mobile banking, payments and commerce networks worldwide. The Company�s segments include Live Operations, Investment in future operations and Investment in technology platform. Live operations include both territory deployments and development contracts, which consist of Monitise United Kingdom, Monitise Americas and Global accounts. Investment in future operations segment represents the Company�s operations which are not live operations covering both pre-sales and start-up period. Investment in technology platform segment comprises the ongoing development, enhancement and maintenance costs of the Monitise technology platform. On June 25, 2012, the Company acquired US mobile banking and payments specialist, Clairmail Inc. (Clairmail). Effective September 5, 2013, Monitise PLC acquired the entire share capital of Grapple Mobile Ltd.