OAKBROOK TERRACE, Ill., and ZURICH, Switzerland, January 28, 2014 - VASCO Data Security International, Inc. (Nasdaq: VDSI; www.vasco.com), a leading software security company specializing in authentication products, announced today that it has partnered with OneWorld InfoTech, a system integrator and IT products/solution reseller in Bangladesh, to target the Bangladesh market with its strong authentication solutions.
OneWorld InfoTech has a strong focus on IT security and enterprise architecture consulting. It is a value-added reseller, offering its customers not only technical knowledge, but also significant experience in implementation, technical training and support. In order to bring VASCO’s solutions to the Bangladesh market, OneWorld will work closely with both the regional and global VASCO teams.
OneWorld InfoTech has a strong customer base in various vertical markets, in which VASCO has established a strong reputation. As a joint ‘VASCO - OneWorld InfoTech effort’, the companies recently succeeded in securing a two-factor authentication contract with a leading local bank in Bangladesh. The bank decided to implement VASCO’s two-factor authentication solution to enhance the security level of its Internet banking services for its retail and corporate customers.
VASCO provides easy-to-use, convenient, and secure authentication solutions and services. VASCO offers a wide range of end user authenticator devices, called DIGIPASS that enable users to generate one-time passwords (OTPs) for secure sign-on to online applications. Other more robust models support e-signature and PKI transactions.
Engr. Obaidul Hoque, CEO of OneWorld InfoTech comments: “We are glad we can offer VASCO’s world-class and easy-to-use strong authentication solutions which we believe are much needed in the financial, governmental and corporate sector in order to build a secured Digital Bangladesh.”
Jan Valcke, President and COO of VASCO Data Security, underlines the importance of a strong partner in Bangladesh, an economic rising star. “We are very pleased with this partnership and are convinced that it will enable VASCO to penetrate the local market in the coming years. With OneWorld’s in-depth expertise in the security industry and its extensive network in the local Bangladesh market, we believe we have a great opportunity partnering with OneWorld InfoTech.”
Founded in 2005, OneWorld InfoTech is a Consulting, IT solution reseller and services provider committed to provide world-class solutions utilizing cost-effective delivery model for its diverse clientele in multiple industries. What sets OneWorld apart from the competition is its unwavering commitment on product/services quality, flexibility and above all customer responsiveness.
VASCO is a leading supplier of strong authentication and e-signature solutions and services specializing in Internet Security applications and transactions. VASCO has positioned itself as global software company for Internet Security serving a customer base of approximately 10,000 companies in more than 100 countries, including approximately 1,700 international financial institutions. VASCO’s prime markets are the financial sector, enterprise security, e-commerce and e-government. VASCO’s products and services are delivered on the customers’ premises or in the cloud. Forward Looking Statements: Statements made in this news release that relate to future plans, events or performances are forward-looking statements. These forward-looking statements (1) are identified by use of terms and phrases such as “expect”, “believe”, “will”, “anticipate”, “emerging”, “intend”, “plan”, “could”, “may”, “estimate”, “should”, “objective” and “goal”, “possible”, “potential”, and similar words and expressions, but such words and phrases are not the exclusive means of identifying them, and (2) are subject to risks and uncertainties and represent our present expectations or beliefs concerning future events. VASCO cautions that the forward-looking statements are qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These risks, uncertainties and other factors have been described in greater detail in the Annual Report on Form 10-K for the fiscal year ended December 31, 2010 filed with the Securities and Exchange Commission and include, but are not limited to, (a) risks of general market conditions, including currency fluctuations and the uncertainties in world economic and financial markets, (b) risks inherent to the computer and network security industry, including rapidly changing technology, evolving industry standards, increasing numbers of patent infringement claims, changes in customer requirements, price competitive bidding, and changing government regulations, and (c) risks specific to VASCO, including, demand for our products and services, competition from more established firms and others, pressures on price levels and our historical dependence on relatively few products, certain suppliers and certain key customers. Reference is made to VASCO's public filings with the U.S. Securities and Exchange Commission for further information regarding VASCO and its operations. This document may contain trademarks of VASCO Data Security International, Inc. and its subsidiaries, including VASCO, the VASCO “V” design, DIGIPASS, VACMAN, aXsGUARD and IDENTIKEY. For more information: VASCO Corporate Communications, +32 2 609 97 00, [email protected] Follow us on Twitter: http://twitter.com/VASCODataNews