NW_20010815_en_Crain’s Chicago Business Names VASCO in “Top 50” Fastest Growing Public Firms

August 15, 2001

OAKBROOK TERRACE, Illinois and BRUSSELS, Belgium – August 15, 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, has been named among the Crain’s Chicago Business “Top 50” fastest-growing public firms in their August 13, 2001 issue. Of the more than 240 public companies in Chicago, only those with current revenues of more than $10 million are eligible. Qualified companies are ranked by their compound annual growth rate from 1995-2000. VASCO was ranked at #24 with a compound annual growth rate of 46.3%.

“VASCO has shown a 570 % revenue growth over the past five years,” states Mario Houthooft, CEO and President of VASCO. “This growth is a result of our ability to provide strong and flexible authentication and digital signature security products that support the needs of businesses today. VASCO continues to see a high demand for effective and affordable e-business and e-commerce security, particularly in the US and across evolving platforms from enterprise networks to mobile devices and PDAs. Likewise, with more than six million users worldwide relying on VASCO to protect their data and transactions, including more than 500 corporations and government agencies and 170 of the world’s leading banks, VASCO is successfully established as a market leader.”

VASCO revenues for the first six months of 2001 were $15.9 million, a 32% increase over revenues of $12.1 million reported in the same period in 2000. From 1995 to 2000, VASCO revenues grew from $4.2 million to $28.1 million.

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 Digipass® and VACMAN® product families offer end-to-end security through strong authentication and digital signature, true and secure Single Sign-On, access control, and web portal 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, USA +1 630 932 8844, Europe +44 20 8308 7080, [email protected]