SimplyTapp Gets Funding From Verizon

Austin-based SimplyTapp which develops near field contact (NFC) payment technology, has added Verizon Ventures to its list of investors. Verizon disclosed its involvement in SimplyTapp today, via a blog post. Vijay Doradla from Verizon Ventures has joined the company's board. Verizon had invested in SimplyTapp as part of the funding, which was announced earlier in the year, but had not disclosed its involvement until today. SimplyTapp develops technology which enables NFC payments. The company was founded by Ted Fifelski and Doug Yeager, and also has backing from Mozido.