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VASCO Data Security launches product, acquires business, changes name

  • VASCO Data Security (NASDAQ:VDSI-OLD) launches the OneSpan Trusted Identity platform that provides companies a way to reduce onboarding and transaction fraud with a secure end-user experience.
  • As part of the launch, VASCO announces it will change its name to OneSpan to reflect its strategy shift. The OneSpan name will begin trading on the Nasdaq under the symbol “OSPN” on June 4.
  • In other VASCO news, the company announces acquiring identity verification company Dealflo for £41 in cash. 
  • VASCO shares are down 0.7% premarket to $20.55.   

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VASCO Data Security International, Inc.