NFC software and systems maker ViVOtech has secured a second round of funding.
The company has already raised $96m since its launch in 2001.
Michael Mullagh, ViVOtech’s executive chairman, said:
“Companies across the m-commerce ecosystem are racing to capture their share of what is expected to be a massive opportunity.
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“This is driving strong demand for our software and systems. With this latest financing, we’re armed to extend our leadership position providing the infrastructure needed to deliver on the promise of m-commerce.”
“It’s gratifying to see that, after many years of seeding the NFC reader market, we’re now gaining strong commercial traction with our market-leading Trusted Service Management (TSM), Touch, Marketing and Loyalty software offerings for NFC- and QR code-based m-commerce initiatives.”
