NW_20051019_en_UK Online Gambling Company Redbet Uses VASCO’s Digipass 260 to Secure Online Gambling Applications
OAKBROOK TERRACE, Illinois and BRUSSELS, Belgium – October 19, 2005 –
VASCO Data Security (NASDAQ: VDSI: www.vasco.com), a global provider of enterprise-wide security products that support e-business and e-commerce, today announced that UK online gambling company Redbet (www.redbet.com ) will use VASCO’s Digipass 260 to offer its customers a secure online gambling environment. The implementation of Digipass into Redbet’s system will be coordinated by VASCO’s Swedish integrator Verisec (www.verisec.se ).
Sweden has been selected by Redbet as the test market for the use of Digipass in online gambling application because it has the highest Internet penetration in the world. In 2003, 76,9% of Swedish households had an Internet connection. As a result, the fast growing online betting industry was very successful in the Swedish market. Stockholm, the Swedish capital, has become Europe’s online betting hub, with online betting companies, technology vendors and service providers clustered around the city.
Digipass 260 is a very portable, Pin protected device offering One-Time Password and e-signature functionalities.
High-resolution pictures of VASCO’s Digipass product range can be downloaded at www.vasco.com/products .
“Security and confidentiality are crucial in our business,” stated Joel Jacobson, Co-Founder of Redbet. “We opted for VASCO because of its experience in the financial sector. Redbet now brings banking level security to the online betting industry.”
“The Swedish consumer has always been quick to accept new products and new technologies,” said Johan Henrikson, CEO of Verisec. “VASCO’s Digipass has been used by Swedish financial institutions since the mid-Nineties. We believe that Digipass strong authentication will be as successful in the online betting industry.”
“We want to congratulate Redbet with their visionary market approach,” said Jan Valcke, VASCO’s President and COO. “For every e-commerce application, security and trust are of the utmost importance. Trend setting companies understand that strong authentication is needed not only in the banking sector, but all across the e-commerce spectrum. By choosing Digipass, Redbet has proven to be a worldwide trendsetter.”
About VASCO: VASCO designs, develops, markets and supports patented user authentication products for the financial world, remote access, e-business and e-commerce. VASCO’s user authentication software is delivered via its Digipass hardware and software security products. With over 17 million Digipass products sold and delivered, VASCO has established itself as a world-leader for strong User Authentication with over 390 international financial institutions and approximately 1,800 blue-chip corporations and governments located in more than 90 countries.
Redbet.com was launched in August 2004 and today provides a complete betting service offering sports betting, poker and casino games.
Focusing on Football, Tennis and Ice Hockey, Redbet's betting exchange consistently providing market-leading odds. Redbet's Poker room features all major poker games and holds multiple daily prize tournaments. The Redbet Casino offers a comprehensive range of popular games such as Black Jack, Roulette and Slot Machines.
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:
VASCO: Jochem Binst, +32 2 456 9810, [email protected]
Redbet: Joel Jacobson, [email protected]