NW_20000912_en_Puilaetco Puts Its Trust in VASCO for Securing Employee Remote Access

September 12, 2000

BRUSSELS, Belgium – September 12, 2000 – VASCO (NASDAQ & EASDAQ: VDSI; www.vasco.com), a global provider of enterprise-wide security solutions, announced today that Puilaetco (www.puilaetco.com), a leading independent investment bank with offices in Belgium, Luxembourg and Switzerland, has chosen VASCO to provide secure remote access for the bank’s off-site staff. Puilaetco is relying on VASCO’s leading security solutions to safeguard its customers’ sensitive information, as well as the bank’s 130-year reputation for discretion and independence. VASCO is the world leader in authenticating transactions and protecting the personal identity of online financial services customers, with more than 150 banks and millions of users of its Digipass authentication technology around the globe.

“With multiple offices around Europe, and with our customers being accustomed to receiving responsive and high-quality service, we developed a strategy for off-site employees to have full access to our corporate database,” noted Fabrice Digrado, Networking and Systems Manager of Puilaetco. “Of course, we needed to ensure that our customers’ sensitive information would be completely safe from unauthorized access. VASCO’s technology fit all our requirements for security, ease of use, and a low cost of ownership. We were further reassured by VASCO’s leadership in providing security to financial institutions.”

Puilaetco turned to Algotronics – www.algotronics.com – a VASCO partner, to develop and implement a remote access security solution. Algotronics integrated VASCO’s Digipass 300 authentication token and VACMAN RADIUS server into a market-leading VPN/firewall solution, allowing Puilaetco’s remote staff to connect to Puilaetco’s network with end-to-end encryption and strong user authentication for the highest possible security. To access the network, employees must have in their possession their individually programmed Digipass 300, and also have their username and the proper PIN number to activate their Digipass – creating a high barrier to unauthorized access. Once they have been authenticated, employees can access only the applications and corporate databases which they are authorized to use.

“Puilaetco demonstrates how well-suited VASCO’s solutions are to securing remote access to corporate networks, thus enabling business to be conducted anywhere, anytime, anyhow,” observed Jan Valcke, General Manager for VASCO. “We provide the security infrastructure that help companies like Puilaetco compete more effectively and efficiently in an increasingly connected world.”

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™, VACMAN®, and SnareWorks™ products offers end-to-end security through true Single Sign-On, access control and advanced entitlements, web portal security, strong user authentication, 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 John Hancock, ABN AMRO Bank, Shell, 3M, Ericsson, Rabobank, SEB, First Union, Liberty Mutual, Cable and Wireless, Nokia, DaimlerChrysler, Volvo, European Commission, US Coast Guard, University of Groningen, and Duke University. VASCO’s partners include Ubizen, Intel, Computer Associates, Lernout & Hauspie, Check Point Software Technologies, and Novell. More information is available at www.vasco.com.

About Puilaetco
The principle activities of Puilaetco are private banking, funds, institutional fund management, dealing room activities, investment banking and banking services for third parties. Puilaetco was established in 1990 as a result of the merger of De Laet and Puissant, Baeyens, Poswick and has had the status of a bank since June 1996. Through its offices in Brussels, Antwerp, Courtrai, Luxembourg and Geneva, Puilaetco boasts more than 130 years of expertise as an independent investment bank specialised in equity markets. In addition, since the bank is not attached to any financial or industrial group, it operates and provides advice with total independence. With total assets under management of almost 4.4 billion euro and stronger profits year after year, Puilaetco continues to believe in the attraction of an independent, individual, specialized approach to equities. More information is available at www.puilaetco.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 please contact:

Media: Kerry Roche, Bridgeman Communications, +1 617 742 7270, [email protected]
Investor Relations: Todd Fromer, KCSA Public Relations Worldwide, +1 212 682 6300, [email protected]
VASCO: Mike Lange, +1 630 932 8844, [email protected]

Media (Benelux): Bob Pieters, Anthonissen & Associates, +32 3 286 7777, [email protected]
Media (Europe/Asia): Sven Kersten, HBI, +49 89 99 38 87 33, [email protected]
Investor Relations: Annemieke Blondeel, LBConsult, +44 208 308 7080, [email protected]
VASCO: Ariane Bosmans, +32 2 456 9810, [email protected]