Vasco Data Security International Inc
HACK closed at $27.10 with a positive return of 1.3% on Friday, November 6, 2015, generating a profit of 1.1% for the week.
VASCO Data Security (VDSI), a provider of strong authentication, e-signature, and identity management, accounced it will acquire the private firm Silanis Technology. Silanis is expected to generate $16 million in revenue for the year ending 2015.
From September 29 to October 6, 2015, the technology sector remained at a high. HACK closed at $25.97, falling 1.18% on Tuesday, October 6, 2015, although it rose 3.10% for the week.
The System Software segment of the PureFunds ISE Cyber Security ETF (HACK), which constitutes around 33% of the ETF’s total holdings, generated a profit of 2.24% for the week ending September 19.
Cyber security spending will increase to $76.9 billion in 2015. The cyber security space is one of the fastest growing segments in the technology space.