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Monitise says no longer up for sale, Buse to become sole CEO

Reuters - UK Focus

March 25 (Reuters) - British mobile-banking software maker Monitise Plc (LSE: MONI.L - news) said it was no longer looking to sell itself, and would continue streamlining its business as an independent company.

The company also said its founder and co-CEO Alastair Lukies would step down with immediate effect and Elizabeth Buse would become the sole CEO.

"Board received a number of expressions of interest from various parties. However, the Board concluded that none of these indicative and non-binding proposals fully recognised the longer term value of Monitise," the company said in a statement. (Reporting by Aashika Jain in Bengaluru; Editing by Anupama Dwivedi)