July 5, 2016 / 8:17 PM / 2 years ago

BRIEF-Vogogo to sell risk platform; says shutting down payment processing business

July 5 (Reuters) - Vogogo Inc

* Vogogo inc. Announces update on strategic alternatives process and sale of certain assets

* There will be residual assets that special committee intends to monetize,notably electronic money institution authorization granted by fca in uk

* Commenced process of notifying third parties, and also all of corp’s employees, that it will be shutting down its payment processing business

* Board has concluded by selling vogogo’s risk platform and shutting down its payment processing business

* Chief financial officer, tom wenz, will cease full-time employment at end of july 2016 and is expected to continue for a period on a part-time basis Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below