VASCO to Close R&D Facility in Brisbane

VASCO Data Security International Inc. VDSI announced today that it will close its R&D facility in Brisbane, Australia. The company plans on consolidating its R&D resources in order to improve cost efficiency and expects to finalize the closure of the Brisbane office by end of December, 2013. VASCO has R&D facilities in The Netherlands, Belgium, France, Austria, the UK and Australia.  The time difference and the travel distance between the main R&D facilities in Europe and the Brisbane office were among the decisive factors for VASCO to discontinue its Brisbane office. In Australia, the company continues to invest in its Sydney regional sales headquarters. VASCO's Brisbane office had 15 employees.  The R&D activities that were located in Brisbane will be reassigned to VASCO's Vienna (Austria) office.  The Vienna operations have the necessary resources to continue the development of the products previously developed in Brisbane. See full press release