NW_20010726_en_VASCO Offers Enhanced Security for Over 70 Million Microsoft Exchange Users

July 26, 2001

OAKBROOK TERRACE, Ill. and BRUSSELS, Belgium – July 26, 2001 – VASCO (NasdaqNM & Nasdaq Europe: VDSI; www.vasco.com) announced today that Microsoft Corp. (NasdaqNM: MSFT; www.microsoft.com) has certified VASCO’s VACMAN Server 6.0 for extending the benefits of Digipass® strong, two-factor authentication security to the widely used Outlook Web Access (OWA) feature of the Microsoft Exchange Server. With the VASCO security solution now certified by Microsoft, any corporation, financial institution, and government agency using OWA is assured that the VASCO security solution is 100% compatible with its Microsoft environment.

These organizations can choose from a fully interoperable and expanding family of Digipass trusted user platforms, ranging from hardware authenticators and smart cards to Digipass software and Digipass-enabled mobile phones and PDA’s. With almost 6 million Digipass two-factor authenticators sold, VASCO is one of the largest authentication providers worldwide, and #1 in authenticating and digitally signing financial transactions.

According to a recently published study by Ferris Research, “The Corporate Email Market, 2000-2005,” Exchange is projected to have 77 million deployed seats by September 2001, making it the preferred server for enterprise messaging. “What’s more, by 2005, we expect 60% or more of corporate users will prefer browsers as the main way to access e-mail, making security for messaging and groupware even more of a critical issue,” noted David Ferris, president of the San Francisco-based research and consulting group.

VACMAN Server 6.0 with Digipass removes the need for the user to know or use the underlying NT username and password, or the mailbox alias, and also provides a virtual "single sign-on" for Exchange mailbox access. The software is easily installed and integrated with any Exchange server, and is also simple to use and support, providing users with strong authentication by replacing username/password pairs with a dynamic password that cannot be shared, spoofed or otherwise compromised. And because it does not require any client-side drivers, connectors, or USB devices, VASCO’s solution provides effective and affordable security that is as mobile as Outlook Web Access itself.

The Microsoft Certified Solution Provider Program offers significant benefits to its members, which include Microsoft resources for creating and marketing partners' particular products or services, and an expanded customer referral database. “Microsoft makes every effort to support its partners, and we have seen ample evidence of that,” said Jan Valcke, Executive Vice President of Sales and Marketing for VASCO. “We’re looking forward to working with them to continue making their millions of Exchange users aware of our security solution for Outlook Web Access.”

For more information on VASCO’s Microsoft-certified security solution for Exchange and Outlook Web Access, visit www.vasco.com/vacman/exchange.

Microsoft and Outlook are either registered trademarks or trademarks of Microsoft Corp. in the United States and/or other countries.

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 VACMAN® products offers end-to-end security through strong authentication and digital signature, true and secure Single Sign-On, access control, and web portal, LAN, and enterprise security, 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. 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:

Mike Lange, +1 630 932 8844, [email protected]

Investor Relations:
Annemieke Blondeel, +1 800 238 2726 or +44 208 308 7080, [email protected]