Contactless Smart Cards, RFID, Payment, Transit and Security

ViVOtech gets $8.6 million funding boost

Monday, February 16, 2009

Santa Clara, Calif.-based ViVOtech, a provider of contactless and NFC mobile payments solutions, announced it has closed $8.6 million extension to its Series C round of funding from its existing investors, bringing the total series C investment to more than $40 million.

In today’s worsening economic climate, the move is significant in that it demonstrates investors’ continuing confidence in ViVOtech, said the company’s CEO Michael Mullagh. [end] 

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