ViVOtech Honored with Frost & Sullivan
2009 North American Smart Cards Product Line
Strategy of the Year Award

Company Recognized for Powerful Combination of Software and Hardware Solutions That Add Value to Retailer, Bank and Mobile Phone Operator Offerings

Click here for full text on the Frost and Sullivan findings on ViVOtech.

SANTA CLARA, Calif. – February 16, 2009 – Silicon Valley-based ViVOtech, the leader in Contactless and Near Field Communication (NFC) mobile phone payments and promotions, announced today that the company has received the prestigious 2009 North American Smart Cards Product Line Strategy of the Year Award from Frost & Sullivan, a global growth consulting firm.  Frost & Sullivan recognizes ViVOtech’s ability to deliver a powerful combination of infrastructure and application software and hardware products that, when combined, provide immense added value to retailers, bank card issuers, and mobile phone operators, and allow them to leverage new mobile and contactless technology to reach consumers and increase sales.

“In a payment market punctuated time to time with doubts and concerns over the security and the vulnerability of solutions, ViVOtech’s products have attained the confidence of a number of top-notch partners and customers worldwide,” explains Shyam Krishnan, Industry Analyst at Frost & Sullivan. “ViVOtech’s innovative combination of an all-encompassing/user-friendly suite of software and hardware with simple/low cost integration with legacy systems makes ViVOtech the popular choice that it is, and a success among a wide variety of businesses.”

Frost & Sullivan recognized the entire ViVOtech product line, including ViVOpay contactless/NFC readers, patented ViVOnfc Over The Air provisioning infrastructure software, ViVOplatform mobile applications and ViVOtag mobile phone stickers.  Especially highlighted was the ability of ViVOtech products to not only secure payment transactions but also targeted coupons and loyalty programs based on cards, mobile phones, or any other convenient form factor.  These mobile marketing features allow retailers to establish an advanced communication with consumers, improve data gathering and analytic analysis, and offer an increased level of convenience for the consumer. 

The Frost & Sullivan Product Line Strategy of the Year Award is presented each year to the company that has demonstrated the most insight into the needs and product demands of its customers. The recipient company has optimized its product line by leveraging products with the various price, performance, and feature points required by one or more market segments.

The recipient of this Award will have excelled in one or more of the following criteria:

1. Introduction of new products, strategically positioned to balance the product line
2. Ability to accommodate different market segments, or different markets within an industry, by repurposing technology
3. Enhancement of product offerings through optimization of packaging, service, delivery, financing, and/or other value-added services
4. Strategic technology or marketing acquisitions or alliances

About ViVOtech
ViVOtech (www.vivotech.com ) is the market leader in Near Field Communication (NFC) mobile payments, promotions and Over-the-Air (OTA) provisioning infrastructure software, transaction management software, NFC smart posters, and contactless terminals. These innovative solutions allow millions of consumers to make contactless payments with radio frequency-enabled credit/debit cards, fobs and NFC mobile phones. ViVOtech's products are used by the most prominent retailers all over the globe and today the company has shipped over 460,000 contactless terminals to more than 33 countries worldwide. In 2009 ViVOtech received the prestigious Frost & Sullivan North American Smart cards Product Line Strategy of the Year Award. In 2007 & 2008, ViVOtech was named #1 in ABI Research’s Contactless & NFC Reader Ranking Report. ViVOtech was also recognized as Top Contactless Payment Technology Vendor in Aberdeen Group’s “Retail Contactless Payment Report.”

About Frost & Sullivan
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