Report

Update: Investing for sustained growth

Revenue momentum built in 2014 with Q4 revenues +44% year-on-year. VASCO plans to capitalise on the interest it is seeing in its new products by expanding S&M efforts, which, with a doubling of order backlog at the start of the year, should support ongoing double-digit growth. Share performance is likely to be driven by news regarding significant new customer wins and effective investment of its $137m net cash balance.
Underlying
Vasco Data Security International Inc.

VASCO Data Security International designs, develops and markets digital solutions for identity, security and business productivity that protect and facilitate transactions online, via mobile devices, and in-person. The company's solutions secure access to data, assets, and applications for enterprises and provide tools for application developers to integrate security functions into web-based and mobile application. The company's solutions include open standards-based and proprietary solutions, some of which are products and services used for authentication, e-signing transactions and documents, and identity management in Business-to-Business, Business-to-Employee and Business-to-Consumer environments.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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