NW_20050215_en_VASCO’s Digipass GO3 Selected By VeriSign As One-Time-Password Token For The VeriSign Unified Authentication Solution
OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, February 14, 2005 - VASCO Data Security International, Inc. (NASDAQ: VDSI), (www.vasco.com), the leading global provider of strong user authentication products to the financial sector, today announced that its financial-industry standard Digipass GO3 one-button token has been selected by VeriSign as the one-time-password (OTP) token for the VeriSign Unified Authentication solution..
VASCO will OEM the Digipass GO3, which supports the Initiative for Open AuTHentication (OATH) HOTP algorithm, and forms a cornerstone of the VeriSign Competitive Token Upgrade Program. Announced yesterday, the VeriSign Competitive Token Upgrade Program will allow enterprises to trade in existing two-factor authentication systems for new tokens from VeriSign at a fraction of the cost.
“VeriSign is committed to providing strong authentication solutions that provide greater functionality at a lower cost for enterprises who seek to protect their employees, partners, and customers from malicious security threats,” said Nicolas Popp, vice president, VeriSign Security Services. “Through our OEM relationship with VASCO, VeriSign will provide enterprises with an OATH-compliant solution with vast cost-savings, bringing strong authentication to the tipping point of ubiquity."
The VeriSign-branded Digipass GO3 will be marketed and distributed through VeriSign’s sales force and its extensive networks of resellers and distributors worldwide. VASCO believes that the combination of the proven qualities of Digipass GO3 in use in over 350 financial institutions around the world and the power of VeriSign’s sales force will create a major breakthrough for VASCO’s products in markets such as the United States and Japan.
“As the world’s largest provider of strong user authentication products to the financial sector, it is our pleasure to partner with a market leading organization like VeriSign’” said Jan Valcke, VASCO’s President and COO. “We are convinced that our joint efforts and technology will expand OATH and VASCO strong user authentication products into new markets and new applications.”
About VASCO: VASCO designs, develops, markets and supports patented “Identity Authentication” products for e-business and e-commerce. VASCO’s Identity Authentication software is delivered via its Digipass hardware and software security products. For user access control, VASCO’s VACMAN products guarantee that only designated Digipass users get access to the application. With over 13,5 million Digipass products sold and ordered, VASCO has established itself as a world-leader for strong Identity Authentication with over 350 international financial institutions and approximately 1,400 blue-chip corporations and governments located in more than 80 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.
For more information contact:
Jochem Binst, +32 2 456 9810, [email protected]