The Oakbrook Terrace, Ill., security token vendor Vasco Data Security International Inc. said acquisitions and strong sales helped drive up first-quarter earnings.
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Net income more than quadrupled from a year earlier, to $5 million, Vasco said last week. Revenue rose 93%, to $26.4 million.
Vasco acquired the Vienna authentication company Logico Smart Card Solutions in May and the Belgian authentication software vendor Able NV in October.
In its earnings report, Vasco said it signed up 619 new customers, including 94 banks, in the first quarter.
"We are and will continue to invest heavily in our infrastructure to meet the growing market demand," Jan Valcke, Vasco's president and chief operating officer, said in a press release.
