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VASCO Expands Relationship and Announces Strategic Investment in Mobile Application Security Developer Promon AS
Posted: Fri Jul 22, 2016 09:56:13 AM

Runtime Application Self-Protection Technology (RASP) protects mobile applications from the newest and most advanced malware threats

OAKBROOK TERRACE, IL -- July 22, 2016 -- VASCO Data Security International, Inc. (NASDAQ: VDSI), a global leader in authentication, electronic signatures, and identity management announced today that it has made a strategic investment in Promon AS, a leading developer of mobile application security solutions. This expands an existing business relationship between VASCO and Promon AS. The companies will continue to collaborate in the development of mobile application security solutions.

Promon is a leader in Runtime Application Self-Protection (RASP) technology, a security technology integrated into the application environment capable of detecting and preventing real-time attacks against mobile applications. Its patented deep protection technology, Promon SHIELD, has protected applications used by millions since 2009. By integrating Promons RASP technology, VASCO enhances its ability to help businesses in all market segments protect their mobile applications from hacking attacks.

"With this investment and the expansion of our partnership with Promon, VASCO solidifies its position as a leader in mobile application protection, said Scott Clements, EVP and Chief Strategy Officer of VASCO Data Security. "Our customers rely on us to bring them the most advanced mobile security solutions in a complete and easy to deploy package."

Promon SHIELD technology is a component of VASCOs DIGIPASS for Apps mobile security platform offering advanced protection against hacker attacks. DIGIPASS for Apps is a software development kit (SDK) that allows mobile application developers to quickly and easily integrate the most advanced application security features into their mobile applications.

"We are delighted to have VASCO as a partner and investor given its deep experience and leadership in mobile security for financial institutions," commented Gustaf Sahlman, CEO of Promon AS. "The new capital will be used to further develop our world-class app hardening technology and to accelerate international growth in vertical markets where app integrity is of critical importance."

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