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VASCO Announces Appointment of Jeff Cole as Chief Information Officer

OAKBROOK TERRACE, Ill., April 04, 2017 (GLOBE NEWSWIRE) -- VASCO® Data Security International, Inc. (NASDAQ:VDSI), a global leader in digital solutions including identity, security and business productivity, today announced the appointment of Jeff Cole to the position of Chief Information Officer. Cole will be responsible for leading the global IT function including the design, development and implementation of global IT platforms and business processes to increase performance and enhance the company’s ability to leverage technology as a competitive advantage. Cole reports to VASCO Chief Financial Officer, Mark Hoyt and is based in the company’s corporate headquarters in Oakbrook Terrace, IL.

Cole has held senior management positions at leading companies in the technology field and most recently served as Senior Director Information Management for CareerBuilder, one of the world’s largest online employee websites. Prior to CareerBuilder, Cole held various management positions for Discover Financial Services rising through a series of roles with increasing responsibility. He holds an M.B.A. from the Kellogg School of Business at Northwestern University and a B.A. in Business Administration and Computer Information Systems from Dominican University.

“Jeff brings the broad experience and innovative mindset that we need in this role as we accelerate our shift to SaaS solutions for our customers and employees. His background implementing cloud-based solutions will help us deliver greater value and security,” stated Mark Hoyt, VASCO Chief Financial Officer. “I am confident Jeff will help strengthen our infrastructure and improve our back office systems to empower employees and increase efficiency.”

“It is an incredibly exciting time to join this market leader as they transition the business to be more software-based and grow their cloud services,” stated Jeff Cole, VASCO Chief Information Officer. “Information technology is the backbone of every company and I am thrilled to have the opportunity to lead key initiatives to strengthen VASCO, improve the customer experience and contribute to the success of the business.”

About VASCO Data Security
VASCO is a global leader in delivering trust and business productivity solutions to the digital market. VASCO develops next generation technologies that enable more than 10,000 customers in 100 countries in financial, enterprise, government, health care and other segments to achieve their digital agenda, deliver an enhanced customer experience and meet regulatory requirements. More than half of the top 100 global banks rely on VASCO solutions to protect their online, mobile and ATM channels. VASCO’s solutions combine to form a powerful trust platform that empowers businesses by incorporating identity, fraud prevention, electronic signatures, mobile application protection and risk analysis.

Learn more about VASCO at VASCO.com and on Twitter, LinkedIn and Facebook.

Copyright © 2017 VASCO Data Security, Inc., VASCO Data Security International GmbH. All rights reserved. VASCO® and DIGIPASS® are registered trademarks of VASCO Data Security, Inc. and/or VASCO Data Security International GmbH in the U.S. and other countries.

Media contact: Sarah Hanel 250-216-1762 sarah.hanel@vasco.com

Source:VASCO Data Security International, Inc.