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Motorola Invests In Mobile Payments Firm VivOtech

Motorola (NYSE: MOT) has invested an undisclosed amount into mobile payments firm VivOtech via its Motorola Ventures VC arm. VivOtech has being saying for some time that a Fortune 500 company was part of its investment group, and Motorola could be that company suggests Alarm:Clock. Other investors include First Data Corporation, NCR, Nokia, (NYSE: NOK) Alloy Ventures, Draper Fisher Jurvetson, DFJ Gotham Ventures, and Miven Venture Partners. VivOtech raised $22.5 million in third round funding in August.

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Nov 13, 2007 3:11 AM ET

Posted In: E-Commerce, Payment Systems, Money, M&A & Venture Capital, Technologies / Formats

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