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Subsequent Event
9 Months Ended
Sep. 30, 2015
Subsequent Events [Abstract]  
Subsequent Event

Note 11 - Subsequent Event

On October 6, 2015, VASCO Data Security International, Inc. (“VASCO”) and 685102 N.B. Inc., a wholly-owned subsidiary of VASCO (“Purchaser”), entered into an Arrangement Agreement (the “Arrangement Agreement”), providing for the acquisition by VASCO through Purchaser of Silanis Technology Inc. (“STI”), a leading provider of electronic signature (e-signature) and digital transaction solutions used to sign, send and manage documents, for an aggregate purchase price of $85.0 million, subject to adjustment as provided in the Arrangement Agreement.

The Arrangement Agreement contains customary representations, warranties and covenants of the parties to the Arrangement Agreement, including, among others, covenants of the parties to use commercially reasonable efforts to cause the acquisition to be consummated on or about November 24, 2015 or as soon thereafter as reasonably possible (but not during December 2015) and in any event by January 31, 2016 or such other date as the parties may agree to in writing.