news_VASCO tackles global SSL-certificate market
Company sees important up selling possibilities in existing customer base + competitive opportunities in various vertical and horizontal market segments
Oakbrook Terrace, Illinois, Zurich, Switzerland, June 20 2011 - VASCO Data Security Inc. (Nasdaq: VDSI; www.vasco.com ), a leading software security company specializing in authentication products and services, today announced that it will tackle the global SSL and EV SSL market with its own set of CertiID SSL and EV SSL certificates. VASCO’s move towards the global SSL-certificate sector is a consequence of its recent acquisition of the Dutch internet trust provider DigiNotar.
The SSL certificate market experiences a steady growth, due to
- the increasing amount of sensitive data and applications that are made available online,
- the need for trustworthy websites as a result of rampant cybercrime
- the development of rules and legislation in the field of online privacy protection.
In addition to up selling opportunities in its existing customer base of approximately 10,000 companies, VASCO targets VPN and SSL-VPN applications, intranets, extranets, web mail, online portals, customer facing web sites/shops and online subscription platforms.
DigiNotar, a VASCO company, will be responsible for issuing and verifying VASCO’s CertiID SSL and EV SSL certificates. With VASCO’s SSL and EV SSL certificates, companies can add an extra layer to their web security, by identifying the server and encrypting the data transport between the end user pc and the server.
VASCO’s CertiID SSL and EV SSL certificates can be acquired through its global channel network of distributors and resellers and via VASCO’s (www.vasco.com) and DigiNotar’s (www.diginotar.com) websites.
“By offering CertiID SSL and EV SSL certificates on a global scale, VASCO enters a new but familiar market,” states Jan Valcke, VASCO’s President & COO. “We believe that DigiNotar’s certificates are among the most reliable in the field. We are convinced that the quality of our offerings and the flexibility of our organization will allow us to conquer a foothold in the SSL certificate market, both aiming at our installed base of customers for our authentication technologies and new opportunities.”
Definition SSL certificate:
An SSL certificate is a file installed on a secure Web server that identifies a website. This digital certificate establishes the identity and authenticity of the company or merchant so that online shoppers can trust that the website is secure and reliable. In order to verify that these sites are legitimate (they are who they say they are), the companies and their websites are verified by a third party such as VASCO/DigiNotar.
Definition EV SSL certificate:
Extended Validation SSL Certificates give high-security Web browsers information to clearly identify a Web site’s organizational identity. For an end user, the most visual aspect of an EV SSL certificate is that the URL address bar turns green when EV SSL is used. A display next to the green bar will toggle between the organization name listed in the certificate and the Certificate Authority (such as VASCO/DigiNotar).
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 over 1,700 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]
Follow us on Twitter: http://twitter.com/VASCODataNews