NW_20001117_en_VASCO Launches Digipass Soft, Extending Company’s Security Software Product Range

November 17, 2000

OAKBROOK TERRACE, Ill. and BRUSSELS, Belgium – November 17, 2000 – VASCO (NASDAQ: VDSI; EASDAQ: VDSI; www.vasco.com), a global provider of enterprise-wide security solutions, today introduced Digipass Soft, security software that combines VASCO’s Digipass strong authentication and digital signature security with the flexibility of a software-based security platform. In addition, the Company announced that it is integrating Digipass Soft with existing software packages and applications offered by third-party software vendors worldwide. VASCO is also aggressively developing – on its own and with VASCO’s rapidly growing number of partners around the world – Digipass strong authentication and digital signature capability on market-leading platform, including smart cards, personal digital assistants, and mobile phones.

“We are already bringing Digipass Soft to market through our highly effective direct and indirect sales channels, representing a further expansion of our leading family of strong authentication and digital signature products,” noted Jan Valcke, Executive Vice President of Sales and Marketing for VASCO. “Digipass Soft is opening the door for VASCO to several new, large, and growing markets, both as a product in its own right and through the ability to integrate our patented security technology into other market-leading software applications and platforms.”

The newest member of the Digipass family of products, Digipass Soft provides organizations with even more security options for safeguarding access to corporate networks and e-business and e-commerce applications by eliminating the weakest link in any security infrastructure: the use of static passwords that are easily stolen, guessed, reused, or shared. Digipass Soft features the same extensive capabilities of all of VASCO’s Digipass products, including time-based response-only and time-based challenge/response dynamic passwords, as well as digital signature capability for ensuring the authenticity of data and online transactions.

Digipass security technology is used today by millions of people and more than 500 corporations and government agencies in 50 countries. Over 150 of the world’s leading banks rely on Digipass security to protect the personal information, assets, and online transactions of their customers. The Digipass product family offers organizations more flexibility and ease of use in developing their security structure, at a low total cost of ownership. Combined with VASCO’s new SnareWorks SecureServer that centralizes the management of Digipass across the corporate network, organizations can choose the security structure that best meets their needs while enabling anytime, anywhere, anyhow access to their business data and processes, easily and securely.

VASCO’s new Digipass Soft product was extensively beta tested with VASCO customers and resellers in the US, Europe, and Asia, in a wide range of network environments, according to Alain Vanderstraeten, VASCO Product Manager. “In all cases, the software provided a high level of network security while proving to be as easy to manage and deploy as all our Digipass platforms,” he noted. “Our existing customers can thus expand their authentication needs to additional software platforms without making a single change to their security infrastructure, while our prospects have yet another option to choose from for their security needs.”

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