Vasco Data says a third party may have sold products to Iran

Reuters

21 July 2015 at 6:05 pm

(Reuters) - Vasco Data Security International Inc said some its products may have ended up in Iran in potential violation of U.S. sanctions. The products were sold by its European unit to a third-party distributor and may have been resold to parties in Iran, the Chicago-based company said in a statement. Shares of the data security software maker fell 9.6 percent at $24.14 in aftermarket trading. Vasco said it was conducting an internal investigation and has stopped all shipments to the distributor. (Reporting by Supantha Mukherjee in Bengaluru; Editing by Rodney Joyce)

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