Vivotech IPO Looms as Mobile Payments Grow
Vivotech Inc. is planning an initial public offering for as early as 2012, Chief Executive Officer Mick Mullagh said. (San Francisco Chronicle)
The Santa Clara company is capitalizing on demand for payment systems that rely on mobile phones, rather than cash or physical credit cards. As Internet companies, wireless carriers, banks and retailers embrace the technology, Vivotech expects to become profitable in mid-2012, Mullagh said in an interview.
The company has raised $80 million in capital over the past several years.