ViVOtech sells reader business to ID Tech

Source: ViVOtech

ViVOtech is pleased to announce the completion of the sale of its ViVOpay reader business to ID Tech effective today.

ID Tech, based in Cypress, CA, is a leading manufacturer and supplier of smart card and credit card readers fro secure PCI compliant payment solutions as used in a wide range of point of ale and mobile applications. ViVOtech believes that as a flourishing large scale international player with complimentary products and skill sets ID Tech provides the ideal home for ViVOpay's people, products and customers. ID Tech is committed to providing a smooth transition for ViVOpay's existing customers and relationships.

ViVOnfc Software Business Update

As noted in its July 27th update, over the last six months the company has been executing a strategy to divest its ViVOpay reader business to a qualified buyer and focus on its ViVOnfc Software business. With today's announcement of the sale of its reader business to ID Tech, the first step in this strategy has been completed. Now that the sale of the Reader business is complete, we are focusing 100% of our energy on the continued support of our customers, contracts and partners, and on growth of this business.

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