NW_20071001_en_VASCO Opens Subsidiary in Brazil
OAKBROOK TERRACE, Ill., and ZURICH, Switzerland, October 1, 2007 - VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com ), the leading software security company specializing in authentication products, today announced that it has reinforced its presence in Latin America by opening a subsidiary in Sao Paulo, Brazil.
The newly founded entity, "VASCO Segurança de Dados Brasil LTDA", will be responsible for sales and support in Brazil and will act as a support center for the rest of Latin America. VASCO's Brazilian staff will be responsible for delivering support to VASCO's Brazilian customers.
Brazil is of strategic importance to VASCO. The company already is successful in the country, with an important number of the country's leading banks as customers. The Brazilian e-commerce and enterprise security markets are expected to grow significantly. In addition, VASCO considers Brazil as a leading business hub in the region.
"Brazil is a country with companies that are worldwide technology trendsetters, a booming online economy and with a wealth of highly trained security professionals," stated Jan Valcke, VASCO's President and COO. "We expect that our enhanced presence with our own staff will make us even more successful in the Brazilian market."
VASCO is the number one supplier of strong authentication and e-signature solutions and services.
VASCO has established itself as the world’s leading software company specialized in Internet Security, with a customer base of over 5,300 companies in more than 100 countries, including close to 850 international financial institutions. VASCO’s prime markets are the financial sector, enterprise security, e-commerce and e-government.
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:
Jochem Binst, +32 2 609 97 40, [email protected]