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VASCO Announces Strategic Partnership w/Lernout & Hauspie Speech Products NV
Agreement includes $3 million convertible note extended to VASCO Data Security
OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, May 7 /PRNewswire/ --
VASCO Data Security International, Inc. (OTC-Bulletin Board: VDSI), a leading international developer of information security technology, announced today that it has reached a strategic partnership with Lernout & Hauspie Speech Products NV (Nasdaq: LHSPF; Easdaq: LHSP.ED), a worldwide market leader in speech and linguistic technologies, products, and services. Additionally, Lernout & Hauspie will provide VASCO Data Security a $3 million loan in the form of a note which may be convertible into VDSI shares. VASCO Data Security will use this loan as working capital for its operations, for funding various development projects, and for funding the general growth of its business. |
