Verisec: New money enables a shift in the business model

Research Note

2016-11-07

11:40

Verisec announced a directed share issue of SEK 34.255 million, which in this case means 403 000 new shares at a price of 85 SEK each. The buyer is the successful fund Swedbank Robur Ny Teknik. The money will primarily be used to enable a shift in Verisecs digital identities products offering to a subscription based model. This kind of shift are normally costly in the short run but should increase recurring revenue and profitability for Verisec in the long run.

TO

Tomas Otterbeck

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