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Why did Vivotech Fail? NFC posterchild sell off

Vivotech was founded in 2001 by Mohammad Khan who had earlier worked for Verifone to help them develop their payment automation systems from 1983 to 1998. He also co-founded Verifone’s Internet Commerce Division.The company had raised $96 Mn through investors including SingTel Innov8, Singapore’s EDBI, Motorola Solutions Venture Capital, Citi Ventures (the venture arm of Citigroup), Alloy Ventures, Draper Fisher Jurveston, First Data Corporation, DFJ Gotham, Miven Ventures, Motorola Mobility, NRC and Nokia Growth Partners. Vivotech was acquired by

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