general the following discussion is based upon our consolidated results of operations for the years ended december 31 , 2011 , 2010 and 2009 ( percentages in the discussion , except for returns on average net cash balances , are rounded to the closest full percentage point ) and should be read in conjunction with our consolidated financial statements included elsewhere in this annual report on form 10-k. we design , develop , market and support open standards-based hardware and software security systems that manage and secure access to information assets . we also design , develop , market and support patented strong user authentication products and services for e-business and e-commerce . our products enable secure financial transactions to be made over private enterprise networks and public networks , such as the internet . our 33 strong user authentication is delivered via our hardware and software digipass security products ( collectively digipasses ) , many of which incorporate an electronic and digital signature capability , which further protects the integrity of electronic transactions and data transmissions . some of our digipasses are compliant with the europay mastercard visa ( emv ) standard and are compatible with mastercard 's and visa 's chip authentication program ( cap ) . some of our digipasses comply with the initiative for open authentication ( oath ) . as evidenced by our current customer base , most of our products are purchased by companies and , depending on the business application , are distributed to either their employees or their customers . those customers may be other businesses or , as an example in the case of internet banking , our customer banks ' corporate and retail customers . in future years , we expect that our customers will increasingly use our cloud-based service offering , digipass as a service ( dps ) as described below . we offer our products either through a product sales and licensing model or through our dps product offering , which was first made available in the fourth quarter of 2010. dps is our cloud-based authentication platform . by using our authentication platform , customers can deploy two-factor authentication more quickly , incur less upfront costs and be able to use strong authentication when logging onto a larger number of internet sites and applications . we expect those applications to include b2b applications , b2e applications ( e.g . , employees of companies logging into third party applications operated in the cloud ) , and b2c applications . while there were minimal revenues generated from this product in 2011 , and we expect that the contribution of dps will still be limited in 2012 , we believe that dps has the potential for significant future growth as it will make two-factor authentication more affordable and readily available to users and application markets . our target market is any business process that uses some form of electronic interface , particularly the internet , where the owner of that process is at risk if unauthorized users can gain access to its process and either obtain proprietary information or execute transactions that are not authorized . our products can not only increase the security associated with accessing the business process , thereby reducing the losses from unauthorized access , but also , in many cases , can reduce the cost of the process itself by automating activities that were previously performed manually . in january 2011 , we acquired an internet trusted certificate authority/provider , in a two step process . in the first step , we acquired all of the intellectual property of diginotar holding b.v. and its subsidiaries . in the second step we acquired 100 % of the stock of diginotar b.v. and diginotar notariaat b.v. ( collectively , diginotar ) . in july 2011 , diginotar b.v. detected an intrusion into its certificate authority ( ca ) infrastructure , which resulted in the fraudulent issuance of public key certificate requests for a number of domains . on september 14 , 2011 , the dutch independent post and telecommunications authority ( opta ) commission terminated the registration of diginotar b.v. as a certification service provider that issues qualified certificates . as a result of the termination of its registration as a certification service provider , diginotar b.v. filed for bankruptcy and the haarlem district court , the netherlands declared diginotar b.v. bankrupt on september 20 , 2011. following the bankruptcy of diginotar b.v. , we do not plan to continue the certificate authority business , which was diginotar b.v. 's core product . we do expect , however , that we will be able to use the intellectual property acquired from diginotar to create our own pki-secured applications , such as document signing , registration and storage solutions , which we expect will strengthen our core authentication product line and expand opportunities for us on our dps platform . in april 2011 , we acquired alfa & ariss , an authority in the field of developing open identity and access management solutions . alfa & ariss brought additional important know-how and engineering capabilities in the fields of linking applications in the cloud . we believe that the acquisition of alfa & ariss will support the long-term growth strategy of our services and enterprise and application security businesses . industry growth : we do not believe that there are any accurate measurements of the total industry 's size or the industry 's growth rate . we believe , however , that the industry will grow at a significant rate as the use 34 of the internet increases and the awareness of the risks of using the internet become more prevalent among applications owners and consumers . we expect that growth will be driven by new government regulations , growing awareness of the impact of identity theft , and the growth in commerce that is transacted electronically . story_separator_special_tag the breakdown of revenue in each of our major geographic areas was as follows : replace_table_token_4_th 2011 compared to 2010 total revenue in 2011 increased $ 60,119 or 56 % from 2010. the increase in total revenue was primarily attributable to an increase in products sold to the banking market , both hardware and non-hardware , an increase in non-hardware products sold to the enterprise and application security market and the weakening of the u.s. dollar as compared to the euro , as noted above , partially offset by a decrease in hardware products sold to the enterprise and application security market . please see the discussion below under revenue by target market for additional information regarding the changes in revenue from the banking market and the enterprise and application security market . revenue generated in emea for the full-year 2011 was $ 38,881 or 53 % higher in 2011 than in 2010. the increase reflected an increase of approximately 67 % in revenue from the banking market and an increase of 13 % in revenue from the enterprise and application security markets . we estimate that the change in currency rates increased revenues in emea by $ 4,776 compared to 2010. had currency exchange rates in 2011 remained unchanged from 2010 , revenues in emea would have been approximately 47 % higher than in full-year 2010. revenue generated in united states for the full-year 2011 was $ 6,113 or 62 % higher in 2011 than in 2010. revenue was approximately 155 % higher in the banking market and 1 % lower in the enterprise and application security markets than in full-year 2010. the u.s. market continues to defer the adoption of two factor authentication for retail internet banking applications . the results in the u.s. also reflect strong competition from our competitors , especially in the enterprise and application security market . revenue generated in asia pacific for the full-year 2011 was $ 3,878 or 36 % higher in 2011 than in 2010. revenue was approximately 29 % higher in the banking market and 78 % higher in the enterprise and application security markets than in full-year 2010. we believe the region offers substantial opportunities for future growth as our sales offices in japan and beijing mature and the two-factor authentication market expands . revenue generated in other countries for the full-year 2011 was $ 11,247 or 78 % higher in 2011 than in 2010. revenue in other countries was approximately 97 % higher in the banking market and 27 % lower in the enterprise and application security markets . as noted above , the average exchange rate for the u.s. dollar was approximately 13 % weaker than the australian dollar in 2011 compared to 2010 and we estimate that the change in currency rates increased revenues in other countries by $ 555 compared to 2010. we expect that revenue from other countries will be more volatile than our other regions given the earlier stage of development of the authentication market in those countries . vasco , however , plans to continue to invest in new markets based on our estimates of the market 's demand for strong user authentication . 39 given the relatively small size of the revenue in regions other than emea , the results may vary substantially year-to-year on both an absolute and on a percentage basis depending upon the timing of the receipt and delivery of a large new order or the completion of a large rollout . we believe that the variability in results will lessen as we develop a larger base of banking customers and further develop our distribution channel and direct touch sales model for the enterprise and application security market . 2010 compared to 2009 total revenue in 2010 increased $ 6,268 or 6 % from 2009. the increase in total revenue was primarily attributable to an increase in products sold to the banking market , both hardware and non-hardware , a decline in hardware products sold to the enterprise and application security market and the strengthening of the u.s. dollar as compared to the euro , as noted above , partially offset by an increase in non-hardware products sold to the enterprise and application security market . revenue generated in emea for the full-year 2010 was $ 139 or less than 1 % lower in 2010 than in 2009. the decrease was primarily attributable to a decline of approximately 1 % in the banking market , partially offset by a 2 % increase in revenue from the enterprise and application security markets . we estimate that the change in currency rates reduced revenues in emea by $ 2,282 compared to 2009. had currency exchange rates in 2010 remained unchanged from 2009 , revenues in emea would have been approximately 3 % higher than in full-year 2009. revenue generated in united states for the full-year 2010 was $ 2,536 or 34 % higher in 2010 than in 2009. revenue was approximately 42 % higher in the banking market and 30 % higher in the enterprise and application security markets than in full-year 2009. revenue generated in asia pacific for the full-year 2010 was $ 1,368 or 14 % higher in 2010 than in 2009. revenue was approximately 25 % higher in the banking market and 26 % lower in the enterprise and application security markets than in full-year 2009. revenue generated in other countries for the full-year 2010 was $ 2,503 or 21 % higher in 2010 than in 2009. revenue in other countries was approximately 23 % higher in the banking market and 12 % higher in the enterprise and application security markets . the average exchange rate for the u.s. dollar was approximately 16 % weaker than the australian dollar in 2010 compared to 2009 and we estimate that the change in currency rates increased revenues in other countries by $ 591 in 2010 compared to 2009 . 40 revenue by target market : revenue is generated currently

liquidity and capital resources at december 31 , 2011 , we had net cash balances ( total cash , cash equivalents and restricted cash less bank borrowings ) , totaling $ 84,497. we had no outstanding debt or restricted cash at december 31 , 2011 . 50 at december 31 , 2011 , we held $ 68,935 of cash in banks outside of the united states . of that amount , $ 67,941 is not subject to significant repatriation restrictions , but may be subject to taxes upon repatriation . we have not provided for taxes on our unremitted foreign earnings as we consider them to be permanently invested . cash provided by operating activities was $ 17,918 during the year ended december 31 , 2011. during 2011 , we used $ 9,784 for investing activities , primarily for the acquisition of the intellectual property of diginotar , the acquisition of the stock of alfa & ariss and additions to property and equipment , and provided $ 153 from financing activities , primarily consisting of proceeds from the exercise of stock options . capital expenditures were $ 1,132 for the year ended december 31 , 2011. cash provided by operating activities was $ 21,083 during the year ended december 31 , 2010. during 2010 , we used $ 1,772 for investing activities , primarily for additions to property and equipment , and provided $ 3 in financing activities from the exercise of stock options .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources at december 31 , 2011 , we had net cash balances ( total cash , cash equivalents and restricted cash less bank borrowings ) , totaling $ 84,497. we had no outstanding debt or restricted cash at december 31 , 2011 . 50 at december 31 , 2011 , we held $ 68,935 of cash in banks outside of the united states . of that amount , $ 67,941 is not subject to significant repatriation restrictions , but may be subject to taxes upon repatriation . we have not provided for taxes on our unremitted foreign earnings as we consider them to be permanently invested . cash provided by operating activities was $ 17,918 during the year ended december 31 , 2011. during 2011 , we used $ 9,784 for investing activities , primarily for the acquisition of the intellectual property of diginotar , the acquisition of the stock of alfa & ariss and additions to property and equipment , and provided $ 153 from financing activities , primarily consisting of proceeds from the exercise of stock options . capital expenditures were $ 1,132 for the year ended december 31 , 2011. cash provided by operating activities was $ 21,083 during the year ended december 31 , 2010. during 2010 , we used $ 1,772 for investing activities , primarily for additions to property and equipment , and provided $ 3 in financing activities from the exercise of stock options .
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 Suspicious Activity Report : general the following discussion is based upon our consolidated results of operations for the years ended december 31 , 2011 , 2010 and 2009 ( percentages in the discussion , except for returns on average net cash balances , are rounded to the closest full percentage point ) and should be read in conjunction with our consolidated financial statements included elsewhere in this annual report on form 10-k. we design , develop , market and support open standards-based hardware and software security systems that manage and secure access to information assets . we also design , develop , market and support patented strong user authentication products and services for e-business and e-commerce . our products enable secure financial transactions to be made over private enterprise networks and public networks , such as the internet . our 33 strong user authentication is delivered via our hardware and software digipass security products ( collectively digipasses ) , many of which incorporate an electronic and digital signature capability , which further protects the integrity of electronic transactions and data transmissions . some of our digipasses are compliant with the europay mastercard visa ( emv ) standard and are compatible with mastercard 's and visa 's chip authentication program ( cap ) . some of our digipasses comply with the initiative for open authentication ( oath ) . as evidenced by our current customer base , most of our products are purchased by companies and , depending on the business application , are distributed to either their employees or their customers . those customers may be other businesses or , as an example in the case of internet banking , our customer banks ' corporate and retail customers . in future years , we expect that our customers will increasingly use our cloud-based service offering , digipass as a service ( dps ) as described below . we offer our products either through a product sales and licensing model or through our dps product offering , which was first made available in the fourth quarter of 2010. dps is our cloud-based authentication platform . by using our authentication platform , customers can deploy two-factor authentication more quickly , incur less upfront costs and be able to use strong authentication when logging onto a larger number of internet sites and applications . we expect those applications to include b2b applications , b2e applications ( e.g . , employees of companies logging into third party applications operated in the cloud ) , and b2c applications . while there were minimal revenues generated from this product in 2011 , and we expect that the contribution of dps will still be limited in 2012 , we believe that dps has the potential for significant future growth as it will make two-factor authentication more affordable and readily available to users and application markets . our target market is any business process that uses some form of electronic interface , particularly the internet , where the owner of that process is at risk if unauthorized users can gain access to its process and either obtain proprietary information or execute transactions that are not authorized . our products can not only increase the security associated with accessing the business process , thereby reducing the losses from unauthorized access , but also , in many cases , can reduce the cost of the process itself by automating activities that were previously performed manually . in january 2011 , we acquired an internet trusted certificate authority/provider , in a two step process . in the first step , we acquired all of the intellectual property of diginotar holding b.v. and its subsidiaries . in the second step we acquired 100 % of the stock of diginotar b.v. and diginotar notariaat b.v. ( collectively , diginotar ) . in july 2011 , diginotar b.v. detected an intrusion into its certificate authority ( ca ) infrastructure , which resulted in the fraudulent issuance of public key certificate requests for a number of domains . on september 14 , 2011 , the dutch independent post and telecommunications authority ( opta ) commission terminated the registration of diginotar b.v. as a certification service provider that issues qualified certificates . as a result of the termination of its registration as a certification service provider , diginotar b.v. filed for bankruptcy and the haarlem district court , the netherlands declared diginotar b.v. bankrupt on september 20 , 2011. following the bankruptcy of diginotar b.v. , we do not plan to continue the certificate authority business , which was diginotar b.v. 's core product . we do expect , however , that we will be able to use the intellectual property acquired from diginotar to create our own pki-secured applications , such as document signing , registration and storage solutions , which we expect will strengthen our core authentication product line and expand opportunities for us on our dps platform . in april 2011 , we acquired alfa & ariss , an authority in the field of developing open identity and access management solutions . alfa & ariss brought additional important know-how and engineering capabilities in the fields of linking applications in the cloud . we believe that the acquisition of alfa & ariss will support the long-term growth strategy of our services and enterprise and application security businesses . industry growth : we do not believe that there are any accurate measurements of the total industry 's size or the industry 's growth rate . we believe , however , that the industry will grow at a significant rate as the use 34 of the internet increases and the awareness of the risks of using the internet become more prevalent among applications owners and consumers . we expect that growth will be driven by new government regulations , growing awareness of the impact of identity theft , and the growth in commerce that is transacted electronically . story_separator_special_tag the breakdown of revenue in each of our major geographic areas was as follows : replace_table_token_4_th 2011 compared to 2010 total revenue in 2011 increased $ 60,119 or 56 % from 2010. the increase in total revenue was primarily attributable to an increase in products sold to the banking market , both hardware and non-hardware , an increase in non-hardware products sold to the enterprise and application security market and the weakening of the u.s. dollar as compared to the euro , as noted above , partially offset by a decrease in hardware products sold to the enterprise and application security market . please see the discussion below under revenue by target market for additional information regarding the changes in revenue from the banking market and the enterprise and application security market . revenue generated in emea for the full-year 2011 was $ 38,881 or 53 % higher in 2011 than in 2010. the increase reflected an increase of approximately 67 % in revenue from the banking market and an increase of 13 % in revenue from the enterprise and application security markets . we estimate that the change in currency rates increased revenues in emea by $ 4,776 compared to 2010. had currency exchange rates in 2011 remained unchanged from 2010 , revenues in emea would have been approximately 47 % higher than in full-year 2010. revenue generated in united states for the full-year 2011 was $ 6,113 or 62 % higher in 2011 than in 2010. revenue was approximately 155 % higher in the banking market and 1 % lower in the enterprise and application security markets than in full-year 2010. the u.s. market continues to defer the adoption of two factor authentication for retail internet banking applications . the results in the u.s. also reflect strong competition from our competitors , especially in the enterprise and application security market . revenue generated in asia pacific for the full-year 2011 was $ 3,878 or 36 % higher in 2011 than in 2010. revenue was approximately 29 % higher in the banking market and 78 % higher in the enterprise and application security markets than in full-year 2010. we believe the region offers substantial opportunities for future growth as our sales offices in japan and beijing mature and the two-factor authentication market expands . revenue generated in other countries for the full-year 2011 was $ 11,247 or 78 % higher in 2011 than in 2010. revenue in other countries was approximately 97 % higher in the banking market and 27 % lower in the enterprise and application security markets . as noted above , the average exchange rate for the u.s. dollar was approximately 13 % weaker than the australian dollar in 2011 compared to 2010 and we estimate that the change in currency rates increased revenues in other countries by $ 555 compared to 2010. we expect that revenue from other countries will be more volatile than our other regions given the earlier stage of development of the authentication market in those countries . vasco , however , plans to continue to invest in new markets based on our estimates of the market 's demand for strong user authentication . 39 given the relatively small size of the revenue in regions other than emea , the results may vary substantially year-to-year on both an absolute and on a percentage basis depending upon the timing of the receipt and delivery of a large new order or the completion of a large rollout . we believe that the variability in results will lessen as we develop a larger base of banking customers and further develop our distribution channel and direct touch sales model for the enterprise and application security market . 2010 compared to 2009 total revenue in 2010 increased $ 6,268 or 6 % from 2009. the increase in total revenue was primarily attributable to an increase in products sold to the banking market , both hardware and non-hardware , a decline in hardware products sold to the enterprise and application security market and the strengthening of the u.s. dollar as compared to the euro , as noted above , partially offset by an increase in non-hardware products sold to the enterprise and application security market . revenue generated in emea for the full-year 2010 was $ 139 or less than 1 % lower in 2010 than in 2009. the decrease was primarily attributable to a decline of approximately 1 % in the banking market , partially offset by a 2 % increase in revenue from the enterprise and application security markets . we estimate that the change in currency rates reduced revenues in emea by $ 2,282 compared to 2009. had currency exchange rates in 2010 remained unchanged from 2009 , revenues in emea would have been approximately 3 % higher than in full-year 2009. revenue generated in united states for the full-year 2010 was $ 2,536 or 34 % higher in 2010 than in 2009. revenue was approximately 42 % higher in the banking market and 30 % higher in the enterprise and application security markets than in full-year 2009. revenue generated in asia pacific for the full-year 2010 was $ 1,368 or 14 % higher in 2010 than in 2009. revenue was approximately 25 % higher in the banking market and 26 % lower in the enterprise and application security markets than in full-year 2009. revenue generated in other countries for the full-year 2010 was $ 2,503 or 21 % higher in 2010 than in 2009. revenue in other countries was approximately 23 % higher in the banking market and 12 % higher in the enterprise and application security markets . the average exchange rate for the u.s. dollar was approximately 16 % weaker than the australian dollar in 2010 compared to 2009 and we estimate that the change in currency rates increased revenues in other countries by $ 591 in 2010 compared to 2009 . 40 revenue by target market : revenue is generated currently

