Vasco Data Security to acquire Silanis Technology for $85m in cash
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Silanis expects to report revenues of approximately $16 million.
Silanis expects to report revenues, determined under Canadian Generally Accepted Accounting Principles, of approximately $16 million for the full-year 2015, an increase of approximately 30% over full-year 2014.
Based on bookings of new business through the third quarter of 2015, which were up more than 200% over the comparable period in 2014, Silanis is projecting that its revenues for 2016, on a standalone basis, will increase more than 25% over 2015. ■