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NW_20001005_en_VASCO Launches SnareWorks SecureServer

News Release
|   October 5, 2000

OAKBROOK TERRACE, Ill. – October 5, 2000 – VASCO (NASDAQ & EASDAQ: VDSI; www.vasco.com), a global provider of enterprise-wide security solutions, today announced the general availability of SnareWorks SecureServer 2.0, the latest addition to the SnareWorks family of enterprise security software products. SecureServer 2.0 allows organizations to provide anytime, anywhere, anyhow access to their business data and processes, while ensuring that only authorized people can access a company’s confidential information. Functioning as a transparent authentication layer between users, corporate networks, web servers, and applications, SecureServer 2.0 enables the proven security capabilities of VASCO’s Digipass strong authentication across the corporate network.


“SnareWorks SecureServer represents the culmination of our SnareWorks and Digipass teams joining forces to deliver a product that is in great and increasing demand by organizations worldwide,” noted Jonathan Chinitz, General Manager of VASCO’s SnareWorks product line. “Internet security starts with securing access to the corporate network and applications, and SecureServer enables centralized strong authentication across all network components, from remote access networks and LANs to firewalls, routers, and Windows desktops. Combined with Digipass, SecureServer provides the highest level of protection against unauthorized access.”


Jan Valcke, General Manager for VASCO’s Digipass family of strong authentication and digital signature products, concurred. “Our corporate network security business is already growing at more than 100% annually, and we expect SnareWorks SecureServer to contribute immediately to our continued growth in this market. Introducing SecureServer into our highly effective worldwide sales channel makes the channel even more efficient, allowing us to easily reach our hundreds of existing corporate network security customers. At the same time, we take advantage of a worldwide sales force of hundreds of VASCO-trained people in over 50 countries to reach new customers.”


According to Phil Myers, Senior Product Manager for SnareWorks, SecureServer proved its worth during extensive beta testing conducted by four key VASCO resellers: Bynet, Q&I, Telindus, and Ubizen (EASDAQ: UBIZ). “Each company found SecureServer to provide a high level of security while being easy to install and use,” he noted. “And each has already found customers wishing to evaluate SecureServer for enabling Digipass security and centralizing authentication across all network environments.”


“Software and hardware authentication are key elements in most enterprise security architectures,” commented Chris Christiansen, an Internet security analyst for IDC, the foremost global technology and ebusiness market intelligence and advisory firm. “We think VASCO’s strategy of integrating SnareWorks SecureServer software with Digipass authentication is right on target, and positions the company very strongly in this rapidly expanding market.”


About VASCO
VASCO secures the enterprise from the mainframe to the Internet with infrastructure solutions that enable secure e-business and e-commerce, protect sensitive information, and safeguard the identity of users. The company’s family of Digipass™, VACMAN®, and SnareWorks™ products offers end-to-end security through true Single Sign-On, access control and advanced entitlements, web portal security, strong user authentication, and PKI enablement, while sharply reducing the time and effort required to deploy and manage security. VASCO’s customers include hundreds of financial institutions, blue-chip corporations, and government agencies in more than 50 countries, among them John Hancock, ABN AMRO Bank, Shell, 3M, Ericsson, Rabobank, SEB, First Union, Liberty Mutual, Cable and Wireless, Nokia, DaimlerChrysler, Volvo, US Department of Defense, European Commission, US Coast Guard, University of Groningen, and Duke University. VASCO’s partners include Check Point Software Technologies, Computer Associates, Intel, Lernout & Hauspie, Novell, and Ubizen. More information is available at www.vasco.com.


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 “believes,” “anticipates,” “plans,” “expects,” 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 the Company’s public filings with the US Securities and Exchange Commission for further information regarding the Company and its operations.

For more information please contact:

Americas:
Media: Kerry Roche, Bridgeman Communications, +1 617 742 7270, kerry@bridgeman.com
Investor Relations: Todd Fromer, KCSA Public Relations Worldwide, +1 212 682 6300, tfromer@kcsa.com
VASCO: Mike Lange, +1 630 932 8844, mbl@vasco.com

Europe/Asia:
Media (Benelux): Bob Pieters, Anthonissen & Associates, +32 3 286 7777, bob.pieters@anthonissen.be
Media (Europe/Asia): Sven Kersten, HBI, +49 89 99 38 87 33, sven_kersten@hbi.de
Investor Relations: Annemieke Blondeel, LBConsult, +44 208 308 7080, a.blondeel@dial.pipex.com
VASCO: Ariane Bosmans, +32 2 456 9810, arb@vasco.com