Source: Virtual Piggy, Inc.
Virtual Piggy, Inc. (VPIG), provider of award-winning payment technology, today announced that it has retained Viant Capital LLC as its financial advisor to explore strategic alternatives.
Virtual Piggy additionally announced the formation of a special committee of the company's board of directors to work closely with Viant.
“Given recent developments in the payments space, including the legal challenges online retailers are facing related to minors and payments, the company felt it was important to retain a technology-focused investment bank to help explore various strategic options. We are thrilled to be working with Viant and Scott Smith, who will be bringing his over 30 years of financial structuring of public and private companies, fundraising and M&A experience,” said Dr. Jo Webber, Chairman and CEO of Virtual Piggy.
The special committee is comprised of George McDaniel, Chairman of Saber Power Services, LLC, Dr. Jo Webber, CEO and Chairman of Virtual Piggy, and William Tobia, former CFO of Maxwell Systems, Inc.