VDSEVasco Data Security Europe
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VDSE was established to function as a holding company, investing in companies that complement VASCO's goals of growing its product line and expanding its global reach.
Under terms of the agreement, VDSE will increase its ownership to 51% by July 1 of 1996, at which time VASCO will consolidate Lintel's results in its financial statements.
Accordingly, VDSE has completed an initial 15% investment in Lintel Security (Lintel), in Brussels Belgium, a leading developer of security technology for computer networks, telecommunication systems and transmission of negotiable valuables such as electronic funds transfers.