news_VASCO and OpSource partner to provide secure cloud services
OAKBROOK TERRACE, Illinois and ZURICH, Switzerland – October 5th, 2011 - VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com), a leading software security company specializing in authentication products, announces today that it has partnered with OpSource, Inc., Dimension Data’s wholly-owned enterprise cloud and managed hosting business, providing an enterprise-class solution for joint clients. VASCO’s authentication platforms VACMAN®, IDENTIKEY® and its cloud-based authentication DIGIPASS as a Service® offering are now available for the OpSource Cloud.
OpSource provides enterprise cloud and managed hosting solutions, enabling businesses of all sizes to accelerate growth and scale operations while controlling costs and reducing IT infrastructure support risks. As part of the partnership, VASCO’s strong authentication and e-signature solutions have been tested and validated on the OpSource Cloud. VASCO adds additional security to OpSource’s Cloud platform, offering businesses cloud and managed hosting solutions that are secure, high performance and easy to manage.
The joint partnership provides enterprises with customized and secure cloud-based services that match the organization’s business needs in addition to their application hosting requirements.
VASCO’s two-factor authentication technology replaces less secure static passwords with dynamic one-time passwords. This enhancement increases access security without compromising user convenience, assuring clients that only properly authenticated users gain access to the OpSource network.
“We have seen dramatic increases in the demand for public cloud hosting, however, many organizations are still hesitant to trust business-critical information to the cloud,” says Jon Beck, SVP of World Channels and Alliances at OpSource. “Through this partnership with VASCO, we deliver joint clients a high-performance cloud solution with convenient and secure authentication and login.”
“VASCO has a longstanding experience in providing security solutions for businesses prone to identity and data fraud. With its authentication platforms and DIGIPASS as a Service offering, VASCO provides an additional security layer for cloud application providers mitigating risk of fraud and data theft and boosting end-user confidence”, says T. Kendall Hunt, founder, chairman and CEO of VASCO Data Security. “With the combination of VASCO’s authentication solutions and OpSource's cloud application platform, we will together provide enterprises with a more comprehensive and secure cloud infrastructure."
Founded in 2002, OpSource provides cloud and managed hosting solutions that enable businesses to accelerate growth and scale operations while controlling costs and reducing IT infrastructure support risks. Headquartered in Santa Clara, with operations in California, Virginia, the UK, Ireland, and India, more than 600 enterprises, service providers and Software-as-a-Service ISVs rely on OpSource's expertise, experience and cloud automation technology to operate high-availability, business-critical hosting environments. OpSource is a Dimension Data company. www.opsource.net.VASCO is a leading supplier of strong authentication and e-signature solutions and services specializing in Internet Security applications and transactions. VASCO has positioned itself as global software company for Internet Security serving a customer base of approximately 10,000 companies in more than 100 countries, including approximately 1,700 international financial institutions. VASCO’s prime markets are the financial sector, enterprise security, e-commerce and e-government.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933 concerning, among other things, the prospects of, and developments and business strategies for, VASCO and our operations, including the development and marketing of certain new products and the anticipated future growth in certain markets in which we currently market and sell our products or anticipate selling and marketing our products in the future. These forward-looking statements (1) are identified by use of terms and phrases such as “expect”, “believe”, “will”, “anticipate”, “emerging”, “intend”, “plan”, “could”, “may”, “estimate”, “should”, “objective”, “goal”, “possible”, “potential” and similar words and expressions, but such words and phrases are not the exclusive means of identifying them, and (2) are subject to risks and uncertainties and represent our present expectations or beliefs concerning future events. VASCO cautions that the forward-looking statements are qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These risks, uncertainties and other factors have been described in greater detail in our Annual Report on Form 10-K for the year ended December 31, 2010 and include, but are not limited to, (a) risks of general market conditions, including currency fluctuations and the uncertainties resulting from turmoil in world economic and financial markets, (b) risks inherent to the computer and network security industry, including rapidly changing technology, evolving industry standards, increasingly sophisticated hacking attempts, increasing numbers of patent infringement claims, changes in customer requirements, price competitive bidding, and changing government regulations, and (c) risks specific to VASCO, including, demand for our products and services, competition from more established firms and others, pressures on price levels and our historical dependence on relatively few products, certain suppliers and certain key customers. Thus, the results that we actually achieve may differ materially from any anticipated results included in, or implied by these statements.
This document may contain trademarks of VASCO Data Security International, Inc. and its subsidiaries, including VASCO, the VASCO “V” design, DIGIPASS, VACMAN, aXsGUARD and IDENTIKEY
For additional information, please contact:
VASCO Data Security
+32 2 609 97 40
Engage PR for OpSource
+1 510 748 8200 ext. 208