OAKBROOK TERRACE, Ill. and ZURICH, Dec. 1, 2015 /PRNewswire/ -- VASCO Data Security International, Inc. (NASDAQ: VDSI), a global leader in authentication, electronic signatures, and identity management, announced today the appointment of Scott Clements as Executive Vice President and Chief Strategy Officer. Clements joins VASCO's senior management team with responsibility for leading M&A and corporate strategy development. He brings three decades of experience in leadership roles in the technology industry with a strong focus on developing and deploying successful business strategies that integrate customer needs and technology innovation. Clements' initial focus will be to manage the integration of VASCO's recent acquisition of Silanis Technology, Inc.
Clements joins VASCO after eleven years at Tyco International where he most recently served as Corporate Senior Vice President, Business Development focused on technology acquisitions. Prior to that, Clements served as President of Tyco Retail Solutions and also as Tyco's Chief Technology Officer. Before joining Tyco, Clements spent a decade at Honeywell International in domestic and international financial and operational leadership roles including leading the company's investor relations function. Clements earned his bachelor's degree in chemical engineering and advanced process control from The Ohio State University, and an MBA in finance and corporate strategy from the University of Michigan in Ann Arbor.
"The security industry is on an incredible growth trajectory as organizations of all types confront a myriad of new cyber threats and attacks. To remain successful, security solution providers such as VASCO must evolve at a faster pace than criminal hacking organizations," stated T. Kendall Hunt, Chairman and CEO of VASCO. "With the proven record of growth that Scott brings to VASCO, I am confident that we will strengthen VASCO's solution portfolio, our network of industry partners and our competitive position to create additional opportunities for long term growth."
"I am very pleased to join a rapidly growing company with a very capable leadership team. VASCO has long been an innovator and global leader in authentication and anti-fraud solutions. It has the expertise and resources to build upon that heritage by helping a wide array of commercial and government institutions transact securely, efficiently and simply," stated Clements. "With VASCO's loyal customer base and its strong financial position, this a remarkable opportunity and I look forward to helping VASCO grow by delivering compelling value to an expanding range of customers."
VASCO is a world leader in providing two-factor authentication and digital signature solutions to financial institutions. Many of the top 100 global banks rely on VASCO solutions to enhance security, protect mobile applications and meet regulatory requirements. VASCO also secures access to data and applications in enterprise environments, and provides tools for application developers to easily integrate security functions into their web-based and mobile applications. VASCO enables more than 10,000 customers in 100 countries to secure access, manage identities, verify transactions, and protect assets across financial, enterprise, E-commerce, government and healthcare markets. Learn more about VASCO at VASCO.com and on Twitter, LinkedIn and Facebook.
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