NW_20020423_en_Infosecurity Europe_ VASCO Strengthens Sales Network in UK by Partnering with E92Plus

April 23, 2002

London, Infosecurity Europe Tradeshow, London – April 23, 2002 – VASCO (Nasdaq NM & Nasdaq Europe: VDSI; www.vasco.com), a global provider of enterprise-wide security products that support e-business and e-commerce, announced today that it has signed a distribution agreement with E92Plus, a value added distributor of enterprise security solutions. Through this action, VASCO considerably strengthens its reseller network in the UK, while e92Plus adds VASCO’s cutting edge Digipass and VACMAN products to its impressive list of security solutions. At the moment, both companies are exhibiting at the Infosecurity Europe tradeshow in London (VASCO: booth #584; e92plus: booth #376).

VASCO and e92plus will work together in several fields. Firstly, e92plus will offer VASCO’s products to its large network of resellers. E92plus’ highly experienced consultants and product managers help the resellers to identify the needs of their customers in order to propose the right products to them. Secondly, VASCO and e92plus will jointly organize professional training for all the parties involved and ,as such, develop a network of highly skilled IT security professionals to cater to the great need for armour plated security systems in the United Kingdom.

“The United Kingdom is a very important market to VASCO, both in the corporate access as well as in the banking market”, said Jan Valcke, VASCO’s Executive Vice President of Sales and Marketing. “We are very glad to join forces with e92plus, a company that combines a fine market strategy, a highly skilled staff of IT security professionals and an assertiveness, vision and enthusiasm towards the future of e-security that equals VASCO’s. We are convinced that the collaboration between our companies will result in a higher presence of both VASCO and e92plus in the British market and, subsequently, a higher market share for both companies in the British islands.”

“e92plus is proud to add VASCO's products to our array of leading edge, mission critical, enterprise security solutions", said Mukesh Gupta, Managing Director of e92plus. “We agree with IDC that AAA-security (Authentication, Authorization, Administration) is a very important and necessary segment of the IT and e-security field. VASCO’s Digipass and VACMAN product families have a proven track record and are widely renowned as trustworthy security products. We can safely state that VASCO’s products offer a tremendous boost to our product portfolio.”

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, digital signature, network Single Sign-On, and Radius, LAN and Web 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 e92plus
Leading value-added security distributor, e92plus, offers an integrated package of best-of-breed security solution and professional services. Based in London, this hugely successful business employs over 50 people and has a growing European presence, including offices in Holland and Ireland. In just over a decade, e92plus has enjoyed meteoric growth from a fledgling start-up to the leading pan-European distributor of a range of industry-renowned security products.

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]

Sparx Group
Alastair Turner
[email protected]
tel +44 (0) 1753 893000