July 27, 2015 (Shareholders Foundation) - An investigation on behalf of investors of VASCO Data Security International, Inc. (NASDAQ:VDSI) shares over potential securities laws violations by VASCO Data Security International and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of VASCO Data Security International, Inc. (NASDAQ:VDSI) concerning whether a series of statements by VASCO Data Security International regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

VASCO Data Security International, Inc. reported that its annual Total Revenue rose from $155.03 million in 2013 to $201.54 million in 2014 and that its respective Net Income increased from $11.15 million to $33.48 million.

Shares of VASCO Data Security International, Inc. (NASDAQ:VDSI) grew from $6.76 per share in February 2014 to as high as $33.91 per share on June 19, 2015.

On July 21, VASCO Data Security International, Inc disclosed that certain of its products which were sold by a VASCO European subsidiary to a third-party distributor may have been resold by the distributor to parties in Iran, potentially including parties whose property and interests in property may be blocked pursuant to Executive Order 13224, Executive Order 13382 or that may be identified under Section 560.304 of 31 C.F.R. Part 560 as the 'Government of Iran. VASCO Data Security International, Inc said that the Audit Committee of the Company's board of directors has initiated an internal investigation and the company has stopped all shipments to the distributor at issue pending resolution of the investigation.

Shares of VASCO Data Security International, Inc. (NASDAQ:VDSI) declined to as low as $24.30 per share on July 22, 2015.