VIVOtech completes sale of reader business to ID Tech

VIVOpay

VivoTech has announced the completion of the sale of its VIVOpay reader business to California based smart card and credit card reader manufacturer, ID Tech. ID Tech’s products are designed for PCI payment solutions and used in POS terminals and mobile applications. VIVOtech has been looking to divest this arm of the business over the past six months in order to focus on its VIVOnfc Software business.

Details of the cost of the acquisition have not yet been disclosed. 

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