NW_20020228_en_AuthentiDate and VASCO team up to offer secure and cost effective PKI based Mail

February 28, 2002

OAKBROOK TERRACE, Illinois and BRUSSELS, Belgium – February 28, 2002 – VASCO Data Security International (Nasdaq NM & Nasdaq Europe: VDSI; www.vasco.com), a global provider of enterprise-wide security products that support e-business and e-commerce, and AuthentiDate International AG (www.authentidate.de ), a joint venture of AuthentiDate Holding Corporation (NASDAQ: ADAT), today announced that they will combine AuthentiDate’s Secure Mail System with VASCO’s award winning Digipass technology.

The partnership is of importance to VASCO, because AuthentiDate’s Secure Mail System is one of the most cost effective high quality products in its range. Besides, the strong presence of AuthentiDate AG on its home market opens the strategically important German market for VASCO’s Digipass products. Digipass seamlessly integrates strong authentication in PKI based applications such as electronic mail in a user friendly and cost effective way. By integrating Digipass, AuthentiDate adds an extra layer of security to its unique centralized PKI solution and can benefit from VASCO’s market leadership in the financial sector.

The combined solution of AuthentiDate and Digipass offers an end-to-end secure mail system, including various benefits for both the end user and the corporation. In comparison with common PKI solutions, the combination has much lower initial and operating costs. While it is not necessary to install it on the end users’ PC and completely centralized, it also works transparently to the end user.

AuthentiDate is the first company specializing in time-stamped digital signatures to receive official accreditation from the German Regulatory Authority for Telecommunications and Post (RegTP) in accordance with the German Digital Signature Act and European directives. VASCO is the market leader in providing strong authentication and digital signature capability to the financial industry worldwide, with more than 170 banks as customers and over 6.5 million users.

“The future of electronic business transactions will be determined by the question whether persons or corporations are able to interact online in a secure way” stated Jan C. Wendenburg, CEO of AuthentiDate International AG. “Our company is working continuously to create safe e-transactions. For this, we have been accredited by the German authorities to be in accordance with the German Digital Signature Act. By adding VASCO’s proven Digipass products to our offerings, we create an extremely secure e-mail environment, eliminating the weakest link in any security infrastructure by using dynamic passwords.”

“ To us, the partnership is very significant because AuthentiDate and VASCO share the same service mentality as well as a scrupulous attention to product quality” said Jan Valcke, Executive Vice President for Sales and Marketing of VASCO. “The solution we offer to this market is cost effective, user friendly and safe, a rare combination. By combining Authentidate’s Secure Mail System with VASCO’s Digipass we will make it a more appealing and safer environment. Next to that, the German network of AuthentiDate allows us to have a stronger presence in that important regional market, whilst we will introduce their solutions to our worldwide strongholds.”


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 AuthentiDate
AuthentiDate (www.authentidate.de) International AG, Ratingen, Germany is the first Accredited Certification provider, certified by the German Office of Regulatory for Telecommunication and Post (RegTP), focusing legal binding timestamps compliant to the strong German electronic signature laws and European signature directives. Thus, the time signatures supplied by AuthentiDate International AG for any electronic data provide the highest level of protection recognised by law in the form of qualified digital signatures. The AuthentiDate Group is worldwide present in Europe, USA and through partners also in Asia. AuthentiDate’s unique security solutions protect any corporate transaction with automatic protection - without complex implementations and without the excessive initial and operating costs of conventional PKI infrastructures. AuthentiDate Holding Corp, Inc. located in USA (New York) is listed on the NASDAQ stock exchange (ADAT) and in Germany ISIN (US0526661048).

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:

VASCO Data Security:
Jochem Binst, +32 2 456 9810, [email protected]
Investor Relations:
Annemieke Blondeel, USA +1 630 932 8844, Europe +44 20 8298 99 60, [email protected]

Authentidate International AG:
Judith Balfanz
Director Marketing
Kaiserswertherstr. 115
D-44797 Ratingen

Tel: +49-2102-99757-85
Fax: +49-2102-99757-98
[email protected]