NW_20010807_en_VASCO and Lumeta to Present Web Seminar “SEE IT. SECURE IT." to Address Security Needs

August 7, 2001

OAKBROOK TERRACE, Illinois and BRUSSELS, Belgium – August 7, 2001 – VASCO (Nasdaq NM & Nasdaq Europe: VDSI; www.vasco.com), a global provider of enterprise-wide security products that support e-business and e-commerce, and Lumeta Corporation, an enterprise network management and security solutions company, will present a web-based seminar on August 22 at 2:00 p.m. EDT entitled “SEE IT. SECURE IT: New technologies for securing complex networks.” The web-based seminar will provide IT professionals with new methods for assessing the scope and security of their networks and offer valuable solutions for easily implementing cost-effective and scalable network security.

“Today, IT strategists face tremendous challenges in managing network security,” explained Steve Axel, Chief Marketing Officer of VASCO. “Unprecedented 24/7 access to Web-based and enterprise applications demanded by e-business has resulted in both organizational and technological complexity. We partnered with Lumeta on this webcast to educate technology professionals about a new set of tools to reduce this complexity, both from a risk management perspective as well as reducing the costs in deploying SSO and Access Controls across multi-tiered environments.”

Steven Branigan, Vice President Engineering for Lumeta and international expert in computer forensics, will explain the critical nature of accurately defining the scope and composition of an enterprise network. He will introduce Lumeta’s patent-pending technology, Lumeta Network Discovery (LND), a suite of services that defines and visually maps enterprise IP networks to identify all connection points-- including spurious connections and previously unknown backdoors-- thus identifying security breaches that need resolving.

“There is such a security paradox. Competitive forces are prying open the perimeters of companies. The more open they are, the more they have to be locked down. There is a flawed assumption by CIOs that network managers have the tools to know just what is in -- and connected to -- their networks,” said Steven Branigan, Lumeta Corporation. “Most don’t know – and couldn’t. The tools just didn’t exist before now. If a network is large enough to be called an intranet, it probably is out of control.”

VASCO’s Terry Fieser will discuss the traditional obstacles in deploying SSO and access controls and how smart implementation tools, utilized in VACMAN Enterprise 4.0, dramatically speed up the adoption of a secure network, with a lower total cost of ownership. Currently being used by leading US financial institutions and government agencies, such as the US Department of Defense, VACMAN Enterprise 4.0 offers the foundation for an end-to-end security framework with single sign-on and access control features that operate with web, client/server and legacy applications.

The seminar will be webcast through Techtarget.com, the only network of industry-specific web sites for enterprise IT professionals with more than 1.5 million registered members. To learn more and register for the seminar, visit www.vasco.com. Participants of the seminar will receive a free “map of the Internet.”

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.
About Lumeta Corp.
Lumeta Corporation is a venture-backed start-up that takes a revolutionary approach to network management and security. Originating from Bell Labs Research, Lumeta’s breakthrough services, Lumeta Network Discovery (LND) and Lumeta Firewall Analyzer (LFA), provide a comprehensive, foundational knowledge of an enterprise network for risk, change and asset management. Its management team includes security expert Bill Cheswick and LFA inventor, Avishai Wool. Lumeta is the source of network knowledge for the network administrators, CIOs and CFOs, who are accountable for their corporate network activity and security. For more information, visit the Lumeta website at www.lumeta.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]