Redeye Today: Verisec: New money enables a shift in the business model
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.