Improves competitive position of e-signature offering with end-to-end financial transaction management and consumer financial agreement automation
CHICAGO and LONDON, May 30, 2018 – VASCO Data Security, Inc. (NASDAQ: VDSI), a global leader in digital identity security, transaction security and business productivity, today announced it has acquired privately-held Dealflo for £41 million in cash. In a separate press release today, VASCO introduced its Trusted Identity (TID) platform and announced its name is changing to OneSpan.
Dealflo is a rapidly growing and leading provider of identity verification and end-to-end financial agreement automation solutions. Its flexible workflow management system automates the full lifecycle of customer onboarding by providing a flexible and automated application process, integration of third-party identity verification services, tailored and configurable contract generation, e-signature capture and secure vaulting. Dealflo has achieved significant success in providing onboarding solutions to the consumer and asset financing sectors primarily in the U.K.