news_VASCO Data Security signs reseller agreement with Synergy Computers
Oakbrook Terrace, Illinois, Zurich, Switzerland, April 8, 2011 - VASCO Data Security Inc. (Nasdaq: VDSI; www.vasco.com ), a leading software security company specializing in authentication products, today announced that is has signed a reseller agreement with Synergy Computer Pvt Ltd – SLC - (http://www.synergy.net.pk), one of the leading technology company in Pakistan providing best-of- breed solutions for technology infrastructures and systems integrated services.
Synergy Computer Pvt Ltd has more than 30 years of experience in providing IT products and services in the Pakistani market. Its operations extend over a broad range from the finance and banking sector to commercial organizations, the manufacturing industry and education. The partnership supports a growing demand for expertise and sharing of best practices in implementing strong authentication in e-banking and beyond. Under the agreement SLC will focus on bringing VASCO’s leading DIGIPASS, VACMAN and IDENTIKEY range to the regional financial and enterprise market. Both companies will also participate in co-marketing and joint sales opportunities.
Strong authentication in Pakistan is still in its infancy. The awareness for the need of fraud management solutions however, is increasing. Online fraud is a growing problem for financial and enterprise organizations and the increased sophistication of the attacks poses a considerable challenge. Fraud management has become an important competitive differentiator as new fraud schemes can entail potential monetary losses, a diminishing customer confidence and damaged reputations.
With more than two decades of experience in the banking market, SLC is extremely well placed to market VASCO’s authentication technology in the financial sector as the reseller has a vast business knowledge and profound understanding of the needs and requirements in the region. Furthermore, with 6 offices spread over the country, SLC is able to offer logistic support for sales and marketing and to provide nationwide support to its customers.
“Leveraging on the internet to maximize the profitability and productivity of global businesses demand top-end security in all aspects of the business, be it connecting and extending information. We have observed that more and more organizations are looking for such solutions. We are glad that with VASCO we are offering an ideal security foundation for protecting high-value financial assets and critical enterprise resources which is Rock solid, reliable, tested and proven security. Our solutions is cost-effective, easy-to-implement solution with measurable ROI” said Iqbal Ahmed, CEO of Synergy.
“We continue to build upon our leadership in the strong authentication market by partnering with Synergy Computers and reinforcing our presence in the Pakistani market”, says Jan Valcke, President and COO. “This new alliance will allow us to bring added value to our Pakistani customers through Synergy’s market knowledge and expertise enabling us to provide first class support in the region’s native language and guarantee a continuity of service to our end-users.”
Synergy Computers is an Information Technology Solution Provider, operating in Pakistan since 1981. SCL at present has approximately 160 people on its payroll, and branches in Karachi, Islamabad, Lahore, Peshawar, Multan and Faisalabad. Based upon relationships built over the past two decades, the company currently boasts a large and varied client base, comprising mainly of Financial Institutions, Multinational Corporations, Aid Agencies, Embassies, Educational Institutions, Hotels, and Industries.
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 a global software company for Internet security serving a customer base of over 10,000 companies in more than 100 countries, including more than 1,600 international financial institutions. VASCO’s prime markets are the financial sector, enterprise security, e-commerce and e-government.
Forward Looking Statements:
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. 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” and “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 the Annual Report on Form 10-K for the fiscal year ended December 31, 2009 filed with the Securities and Exchange Commission and include, but are not limited to, (a) risks of general market conditions, including currency fluctuations and the uncertainties in world economic and financial markets, (b) risks inherent to the computer and network security industry, including rapidly changing technology, evolving industry standards, 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. Reference is made to VASCO's public filings with the U.S. Securities and Exchange Commission for further information regarding VASCO and its operations.
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 more information contact: Jochem Binst, +32 2 609 97 00, [email protected]
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