Taylor Wessing has advised the shareholders of Markco Media Limited on the sale of the business to Monitise plc.

Global mobile banking, payments and commerce technology business Monitise, has announced its acquisition of Markco Media Limited – which includes the businesses of voucher and coupon site MyVoucherCodes.co.uk and Last Second Tickets – in a deal worth up to £55m.

The acquisition is set to strengthen Monitise’s strategic focus on becoming the enabling partner of choice amid the biggest shift in financial services and commerce as brands and consumers continue to turn to mobile.

Taylor Wessing’s support in this transaction follows the firm’s involvement in the sale of Grapple Mobile to Monitise plc in September 2013.

The Taylor Wessing team led by Head of Corporate Technology, Mike Turner, and Andrew Davis, also included Rob Young, Phil Leyshon and Ann Casey.

Mike Turner comments: “As we witness the increasing relevance of mobile to the world of ecommerce, transactions of this kind are only likely to proliferate, and we are delighted to have been involved. We look forward to following the future success of this exciting combination.”