NW_20001129_en_VASCO Opens Sales Office in Singapore to Accelerate Expansion in Fast-Growing Asia-Pacific Region
OAKBROOK TERRACE, Ill. – November 29, 2000 – VASCO Data Security International, Inc. (NASDAQ & EASDAQ: VDSI), a global provider of enterprise-wide security solutions, today announced the opening of a sales office in Singapore to serve its growing number of customers throughout the Asia-Pacific region, and to accelerate the Company’s growth in the area. According to leading technology and financial analysts, the demand for security products that support remote transactions and access to corporate networks will grow more than 30% each year in the Asia-Pacific region, making it one of the fastest growing markets in the world. VASCO’s local presence will allow the Company to better leverage its already extensive network of resellers and customers in the region, including leading financial institutions, corporations, and government agencies from Singapore, Australia, and Indonesia to China/Hong Kong, Thailand, and Malaysia.
"VASCO now has local operations in every part of the globe, stretching from North America to Europe and today, into the Asia-Pacific region,” noted Mr. Mario Houthooft, President and CEO of VASCO. “Our new location in Singapore represents an important step in our global strategy to establish VASCO in each of the most rapidly growing world markets and maximize our revenue growth from those markets. We will continue to invest in each location to expand the business infrastructure and drive new business.”
Jan Valcke, VASCO’s Executive Vice President of Sales and Marketing, pointed to the many strategic and tactical factors behind the decision to locate in Singapore. “We will be better able to serve our expanding Asia-Pacific customer base from a convenient, central location,” he noted. “In addition, virtually all of VASCO’s key partners have a local presence in Singapore, which will facilitate local joint sales and marketing efforts. And because Singapore is a booming center of e-commerce and e-business initiatives for the Asia-Pacific area, we will be better positioned to develop strategic relationships with other important companies in the region that can further accelerate our revenue growth.”
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® and SnareWorks® products offers end-to-end security through strong authentication and digital signature, true Single Sign-On, access control and advanced entitlements, web portal security, 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 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 Brokat, Check Point Software Technologies, Computer Associates, Intel, Netlife, Novell, Proton World, 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 contact:
Media: Kerry Roche
+1 617 742 7270
Investor Relations: Todd Fromer
KCSA Public Relations Worldwide
+1 212 682 6300
VASCO: Mike Lange
+1 630 932 8844
Media (Benelux): Nele Leclercq
Anthonissen & Associates
+32 3 286 77 83
Media (Europe/Asia): Sven Kersten
+49 89 99 38 87 33
Investor Relations: Annemieke Blondeel
+44 208 308 7080
VASCO: Ariane Bosmans
+32 2 456 9810