NW_20010816_en_VASCO and Netegrity Join Forces to Enhance Web Portal Security with Digipass Strong Authentication

August 16, 2001

OAKBROOK TERRACE, Ill. and BRUSSELS, Belgium – August 16, 2001 – VASCO (Nasdaq NM & Nasdaq Europe: VDSI; www.vasco.com) announced today that Netegrity (Nasdaq: NETE; www.netegrity.com) has integrated native support for VASCO’s Digipass® family of two-factor authenticators into its award-winning SiteMinder® platform for securely managing e-business applications. Netegrity’s current and prospective customers can now easily apply Digipass strong authentication to their web portals and e-business applications secured by SiteMinder, with no additional software necessary. In addition, SiteMinder customers can choose from an expanding array of secure user platforms from VASCO, including hardware authenticators and smart cards, Digipass software, and Digipass-enabled mobile phones and PDA’s.

“We have more than 370 customers today that, thanks to SiteMinder, are successfully and securely bringing their business processes to the web,” said Tony Caine, EMEA Managing Director of Netegrity. “Many of them are evaluating strong authentication for specific aspects of their e-business initiatives. We’re pleased to offer them the capability to complement SiteMinder security with Digipass strong, two-factor authentication.”

With almost 6 million Digipass authenticators sold, VASCO is a world leader in authentication, and the market leader in authenticating and digitally signing online financial transactions. Netegrity is the leading provider of software solutions for securely managing e-business, relied on by companies worldwide to control user access to e-business Web sites, seamlessly create e-partnerships, and secure business-to-business transactions. Together, the two companies’ integrated product lines offers corporations, financial institutions, and government agencies a highly secure yet easy-to-use solution.

Digipass utilizes patented dynamic password and digital signature technologies to help ensure positive identification of remote users and the integrity of data and transactions. VASCO has also responded to the growing concerns of security and network administrators for easier authentication management at a low total cost of ownership. Moreover, all Digipass platforms are fully interoperable, allowing organizations to migrate to or add other Digipass platforms, such as PDA’s, without changing their existing IT infrastructure.

“We are seeing increased demand for our Digipass strong authentication and digital signature capabilities to support e-business and e-commerce, whether it’s safeguarding someone’s personal identity and information, protecting online banking and credit card transactions, or securing access to sensitive information on a company extranet,” said Jan Valcke, Executive Vice President of Sales and Marketing for VASCO. “This partnership between two market leaders in e-business security gives existing as well as new VASCO and Netegrity customers more options than ever to effectively secure their web-based business initiatives.”

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, enterprise Single Sign-On, and LAN 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 Netegrity
Netegrity is the leading provider of software solutions for securely managing e-business. Companies use Netegrity’s products to control user access to e-business Web sites, to seamlessly create e-partnerships, and to secure business-to-business transactions. Netegrity enables customers to create new revenue opportunities, reduce operational inefficiencies, and strengthen relationships with customers and partners. With its vast network of partners, Netegrity is securely managing e-business solutions for over 370 customers worldwide including American Express, British Telecom, Commerce One, E*TRADE, General Electric and i2 Technologies. The Company was the only vendor to be placed in the leader quadrant within Gartner’s Magic Quadrant Report (May 2001). Headquartered in the United States in Waltham, Massachusetts, Netegrity has offices throughout Europe and Asia. More information can be found at www.netegrity.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]