news_VASCO launches its second generation for Intel® Identity Protection Technology_ DIGIPASS for Windows Powered by Intel® IPT
OAKBROOK TERRACE, Illinois and ZURICH, Switzerland – November 15, 2011 – VASCO Data Security International, Inc. (Nasdaq: VDSI; www.vasco.com), a leading software security company specializing in strong authentication products, launches its next generation of embedded software with DIGIPASS for Windows powered by IPT, a solution ideally suited for the enterprise market.
VASCO’s DIGIPASS offering for Intel® IPT replaces the use of static passwords by dynamic one-time passwords (OTPs). The dynamic password is user specific and only valid for a limited period of time. Authentication technology protects against online transaction fraud, data and identity theft.
Earlier this year, VASCO introduced DIGIPASS for Web for Intel® IPT for online consumer application providers. VASCO now launches DIGIPASS for Windows powered by Intel® IPT to expand its offering towards protecting enterprise networks through secure VPN connection.
DIGIPASS for Windows powered by Intel® IPT allows companies to deploy two-factor authentication without the need to roll out hardware or software to the end-user. The authentication functionality is embedded into 2nd Generation Intel® Core™ and Intel® vPro™ processor platforms. The solution is ideally suited for enterprises and companies willing to add an additional security layer to access their network through a VPN connection. Thanks to VASCO’s experience in software key provisioning and two-factor authentication, this solution provides a perfect mix between security and user experience.
The security relies on DIGIPASS as a Service provisioning platform in conjunction with the Intel® IPT hardware secure element. The intuitive user experience is provided by DIGIPASS for Windows that takes advantage of the underlying Intel® IPT platform.
The solution is very straightforward in its use. Since the authenticator is already embedded in the Intel® IPT platform, enterprises only have to implement a VASCO back-end solution and the application can be activated from a distance by the company’s IT administrator. No additional client software has to be provisioned as it is already embedded in the chip. Once the DIGIPASS is installed, it resides on the user’s desktop. Employees just have to enter a PIN code, and a one-time password will be generated. All these factors combined assure a high level of user-friendliness towards the employees.
“The DIGIPASS for Windows functionality combined with Intel® IPT adds strong authentication for VPN users within any organization. The alliance between VASCO and Intel allows enterprises and organizations to create a secure employee architecture and answers the needs of companies looking to secure their business-critical information in a cost-effective manner without roll-out hassles commonly associated with the implementation of a security solution”, declares Jan Valcke, President and COO of VASCO Data Security.
“Identity theft is a growing concern for businesses worldwide, “says George Thangadurai, General Manager of PC Computing Services from Intel. “VASCO’s DIGIPASS for Windows authentication solution embedded into Intel® IPT PCs enables companies to roll out a cost-effective security solution in no time without the need to distribute extra hardware authentication devices.”
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.
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. Such forward-looking statements are subject to certain risks, uncertainties and assumptions and include, among other things, our expectations regarding the DigiNotar bankruptcy process, the impairment of our investment in DigiNotar, the timeframe in which the impairment costs will be incurred, our ability to recover amounts held in escrow, our ability to offset amounts that may be owed to DigiNotar by other VASCO affiliates against amounts owed to VASCO affiliates by DigiNotar, and our ability to effectively integrate certain intellectual property assets previously used by DigiNotar into our operations, as well as 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. Although VASCO believes that our expectations are reasonable, we can give no assurance that these expectations will prove to be correct. 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. Factors that could cause actual results to differ materially from those contemplated above include, among others, unanticipated costs associated with DigiNotar’s bankruptcy or potential claims that may arise in connection with the hacking incidents at DigiNotar. Additional 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. Except for our ongoing obligations to disclose material information as required by the U.S. federal securities laws, we do not have any obligations or intention to release publicly any revisions to any forward-looking statements to reflect events or circumstances in the future or to reflect the occurrence of unanticipated events.