Sequent has acquired the software unit of Vivotech, in what appears to be the last act for the struggling NFC vendor. Having recently sold its hardware business to ID Tech, the sale of Vivotech's software business is not a surprise. The sale appears to be the disposal of its last remaining assets.

The acquisition will strengthen Sequent’s Trusted Service Manager (TSM) business. Vivotech’s technology will enable Sequent to better integrate banks and other service provider’s credentials into the secure element of a mobile device, it said.

The price paid for Vivotech has not been revealed, nor the fate of the existing employees in the software unit.