OAKBROOK TERRACE, Illinois and BRUSSELS, Belgium – October 20, 2003 – VASCO (Nasdaq: VDSI; www.vasco.com), a global provider of enterprise-wide security products that support e-business and e-commerce, announced today that it has reinforced its indirect sales network by partnering with leading distributors in the US and major European markets as the UK, Germany, France, Spain, Italy and Ireland. All partnership agreements were signed during Q3 and beginning of Q4 2003.
VASCO’s distributors will sell Digipass Pack to resellers. Digipass Pack is a bundling of VASCO’s Digipass and VACMAN Middleware, designed to be easily combined with the worlds’ leading security products of VASCO’s Solution Partners. Digipass Pack is only sold indirectly, via distributors and resellers/integrators.
To become a VASCO distributor, companies must meet a number of criteria. First, a VASCO distributor must have one or more products of VASCO’s solution partners (Citrix, Novell, Netscreen, Watchguard, etc) in its portfolio. VASCO’s Digipass products can be seamlessly integrated in those partner products. Secondly, VASCO distributors need to have thorough knowledge of the local market and of VASCO’s products. Thirdly, they need to share with VASCO the business spirit and focus on quality.
To learn more about VASCO’s new distributors, please visit their websites at:
About VASCO: VASCO designs, develops, markets and supports patented strong user authentication products for e-business and e-commerce. VASCO’s strong user authentication software is delivered via its Digipass security products, small “calculator” hardware devices carried by an end user, or in a software format on mobile phones, other portable devices, and PCs. For user access control, VASCO’s VACMAN products guarantee that only designated Digipass users get access to the application. VASCO’s target markets are the applications and their several hundred million users that utilize fixed passwords as security. VASCO’s time-based system generates a “one-time” password that changes with every use, and is virtually impossible to hack, or break. With 10 million Digipass products sold and ordered, VASCO has established itself as a world-leader for strong user authentication with over 220 international financial institutions, approximately 1200 blue-chip corporations, and governments representing more than 60 countries.
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.
More information is available at www.vasco.com.
For more information contact:
Media: Jochem Binst: +32 2 456 9810, [email protected]
Investor Relations: Tony Schor, President, Investor Awareness, Inc.: 847-945-2222, [email protected]