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VASCO Data Security International Inc. Message Board

  • mgm2020 mgm2020 May 21, 2013 2:39 PM Flag

    Cronto CC--Management sounds very excited-calling it a perfect match...

    This not only adds new customers immediately, but will improve the already market-leading technology that Vasco has adding another layer of security, which can only be seen as a positive to a large bank or enterprise customer that wants the most secure network and transactions for it's users. And it was a steal at $22 million.

    Sentiment: Strong Buy

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    • A steal? Not according to today's market reaction. I've learned from CC that Cronto has lower margins than Vasco. Still a lot of questions... How much revenu did Cronto make last year? How many people work there? What's in the pipeline? Debt-free company?Did they turn a profit?...

      • 2 Replies to kcaliaskurt
      • And--management says that the deal will be accretive in 2014. Paying for the deal in cash also means there is no dilution for existing shareholders--another plus.

        Sentiment: Strong Buy

      • I read the entire transcript and trust management's decision to acquire the company. This will be a synergy of technologies. When Vasco can offer security solutions that will incorporate the best of both Vasco and Cronto it will be better and more cost effective than either alone. Vasco has the production capabilities to drastically raise the margins on Cronto's hardware--not a problem there.

        Sentiment: Strong Buy

11.60-0.53(-4.37%)Jul 23 4:00 PMEDT

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