news_VASCO strengthens presence in Middle East by signing distribution agreement with Secureway (Dubai)
OAKBROOK TERRACE, Illinois and ZURICH, Switzerland – October 27, 2010 – VASCO Data Security International, Inc. (Nasdaq: VDSI; www.vasco.com), a leading software security company specializing in strong authentication products, today announced that it signed a non-exclusive distribution agreement with Dubai based Secureway (www.secureway.ae).
Secureway will distribute VASCO’s leading DIGIPASS, VACMAN and IDENTIKEY range to the region’s enterprise security market. VASCO’s newest distributor is active in the United Arab Emirates, Saudi Arabia, Qatar, Egypt, Lebanon, Yemen and Pakistan.
VASCO’s best of breed authentication solutions replace static passwords with dynamic one-time passwords eliminating unauthorized access to networks, applications and business-critical data. The company also offers e-signature solutions to secure online (monetary) transactions circumventing phishing and man-in-the-middle attacks.
With several VASCO solutions partners in its portfolio, Secureway will offer product bundles to its reseller base, by harnessing Fortinet, F5 and Imprivata solutions with VASCO’s authentication technology.
“The Middle East is an important focus area for VASCO,’ says Jan Valcke, VASCO’s President and COO. “The regional enterprise IT market is mature and flourishing. As a result, hackers and fraudsters might shift their attention to the Middle East as a hunting ground. Together with Secureway, we will make the Middle East enterprise market a more secure place to do business.”
“Partnering with VASCO is a strategically important move for Secureway,” said Fari Boustantchi, Secureway’s CEO. “VASCO is well established in the Middle East market and has built a very positive reputation in the sector. Simultaneously with our agreement with VASCO, we signed a partnership contract with Imprivata, resulting in a very complete security offering for enterprises. Our mission will be to push VASCO’s authentication technology to the Middle East market, often as a bundle with the product’s of longstanding Secureway partners such as F5, Fortinet and others.”
Secureway Network Distributors are the Middle East's Specialist Value Added Distributors in the IT Security & Mobility Industry. Secureway Network Distributors offers Middle East Value Added Resellers an excellent opportunity to capitalize on their growing customer bases by providing End to End IT security solutions, while assisting them in the full lifecycle of the project. With focus on pure Value-Added Distribution, Secureway Network Distributors has the global backup and local experience to deliver an unparalleled level of service, support, logistics and competitive pricing to the Middle East IT marketplace. Secureway brings market leaders to the Middle East region. Our vendors are all leaders in their domain, usually with no solid presence in the region. We keep a constant eye on technology leaders in specialist security markets and add them to our portfolio, this also encompasses adding new IT security start-up vendors, and these new vendors with their unique technology are the stars of tomorrow. We do keep our vendor portfolio limited to enable focused manageability.
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 over 10,000 companies in more than 100 countries, including more than 1,500 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. Any statement containing words such as “believe,” “anticipate,” “plan,” “expect,” “intend,” “mean,” “potential” and similar words, is forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.
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]