ViVOtech sells reader business to ID Tech
08 August, 2012
category: Contactless, NFC
ViVOtech has completed the sale of its reader assets, technologies, and ViVOpay trademark to ID Tech, a Cypress, Calif.-based provider of reader technology for ID and access control solutions.
The acquisitions include ViVOpay’s contactless/NFC point of sale readers, self-service kiosk and vending applications. ID Tech says these solutions will complement their existing product portfolio and strengthen their position in the payments industry.
According to ViVOtech, the company will now focus entirely on its NFC software business, ViVOnfc.