NW_20070131_Over 150 Banks Use VASCO’s Strong User Authentication in the U.S.A.
NEW YORK, NY — January 31, 2006 -- VASCO Data Security International, Inc. (www.vasco.com) (Nasdaq: VDSI), the global number one vendor of strong user authentication and e-signature products, today announced at its 3rd Investor and Media Summit in New York that it has passed the landmark of 150 customers in the U.S. banking sector.
The company reaps the benefits of the momentum created by FFIEC guidelines regarding high-risk money transactions and the continuing threat of online fraud schemes such as phishing, man-in-the-middle attacks and Trojan Horses.
VASCO’s strong user authentication and e-signature technology is the perfect tool to counter the above mentioned threats in a simple yet highly effective way.
According to VASCO, the combination of its continuing reinforcement of its U.S. sales staff and its solution partnerships with companies such as Fiserv and Fundtech, are the main reason for its countrywide success.
During the Investor and Media Summit, Mr. Ken Hunt, VASCO’s Chairman and CEO, announced that VASCO doubled its U.S. sales force during the last 12 months.
“VASCO proves once again to be the strong authentication market leader in the U.S. and worldwide,” concluded Mr. Hunt. “We are convinced that we will be able to reinforce our leadership position.”
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 technology is delivered via its Digipass software security products. With over 28 million Digipass licenses sold and delivered, VASCO has established itself as a world-leader for strong User Authentication with over 550 international financial institutions and approximately 3,300 blue-chip corporations and governments located in more than 100 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 2 609 97 40, [email protected]