VASCO Data Security Names Mark Hoyt CFO - Quick Facts

(RTTNews) - VASCO Data Security International, Inc. (VDSI) announced that Mark Hoyt has joined the company. He will serve as Chief Financial Officer, Secretary and Treasurer commencing on the first day immediately following the filing of the Company's Form 10-Q for the quarter ending September 30, 2015. Cliff Bown, VASCO Executive Vice President and Chief Financial Officer will remain with VASCO in a consulting capacity through his planned retirement in May, 2016.

Hoyt has held a number of senior finance positions in the technology field, most recently serving as the Chief Financial Officer of Groupon, Inc. operations in Europe, Middle East and Africa based in Switzerland. Hoyt was promoted by Groupon in 2012 from the position of Vice President of International Financial Operations based in Chicago.