ViVOtech Plans IPO as Early as 2012 Amid Mobile-Payment Boom
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ViVOtech Inc., a maker of in-store payment systems, is planning an initial public offering for as early as 2012, Chief Executive Officer Mick Mullagh said.
The 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.