VASCO Broadens Range of Digipass Pack by Adding Compatibility with Stonesoft and Netilla Networks Solutions

January 21, 2003

OAKBROOK TERRACE, Illinois and BRUSSELS, Belgium – February 21, 2003 – VASCO (Nasdaq NM & Nasdaq Europe: VDSI; www.vasco.com), a global provider of enterprise-wide security products that support e-business and e-commerce, today announced that its successful Digipass Pack products are now available for Netilla Networks ( www.netilla.com ) and Stonesoft StoneGate ( www.stonesoft.com ) security solutions. Digipass Pack is a bundling of VASCO’s Digipass and VACMAN Radius Middleware, designed to be easily implemented with the worlds’ leading security products of VASCO’s Solution Partners.

The primary target group for Digipass Pack consists of small and medium sized enterprises (SME’s). The potential of this market is huge. In the USA and Europe together, over 40 million of SME’s are active. Digipass Pack is marketed via VASCO’s regional Distributors and their 200+ resellers. As such, Digipass Pack is the flagship amongst VASCO’s products for the corporate networking market. The benefits of the packs are that they are extremely easy to install and to maintain, with a very low Total Cost of Ownership (TCO). The packs are available for 10 users to 500 users.

The Netilla Service Platform is an SSL (secure sockets layer) VPN (virtual private network) appliance that enables highly secure, clientless remote access to virtually any application – whether Windows- UNIX-, Linux- or mainframe-based – using only a Web browser, at far less cost than previous VPN remote-access solutions. Stonesoft StoneGate is the first network security solution of its kind. It combines a clustered, high availability firewall, virtual private network (VPN), load balancing, and redundant Internet connections. All of these capabilities are combined in an integrated and cost effective package.

Digipass Pack is now compatible with the following products offered by VASCO’s Solution Partners: AVAYA VPN and VSU; Check Point Next Generation and Check Point 2000; CISCO (ACS) Access Control Server and PIX Firewall; CITRIX N-Fuse; Cyberguard KS 1000/1500, SL2000, FS 250/500, and LX series; Evidian PortalXpert; Funk Steel Belted Radius; Lucent Navis Radius; Netilla; Netscreen Series; Nomadix USG; Novell NMAS; Sonicwall SISA; Stonesoft StoneGate; Watchguard Firebox and Whale e-gap Webmail.

“It is our pleasure to have our Digipass Pack compatible with the cutting edge products of two renowned companies such as Netilla Networks and Stonesoft” said Jan Valcke, VASCO’s President and COO. ‘Since the introduction of Digipass Pack at the beginning of the third quarter of 2002, we have noticed a growing interest in VASCO’s products by Small and Medium Enterprises. By broadening our offerings, we will make Digipass Pack the universal, secure and cost effective strong authentication add-on for every existing e-security solution.”

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About VASCO:
VASCO designs, develops, markets and supports patented “Identity Authentication” products for e-business and e-commerce. VASCO’s Identity Authentication software is delivered via its Digipass security products, small “calculator” hardware devices carried by an end user, or in a software format on mobile phones, other portable devices, and PCs. For user access control, VASCO’s VACMAN products guarantee that only designated Digipass users get access to the application. VASCO’s target markets are the applications and their several hundred million users that utilize fixed passwords as security. VASCO’s time-based system generates a “one-time” password that changes with every use, and is virtually impossible to hack, or break. With 8 million current users of its Digipass products, VASCO has established itself as a world-leader for strong Identity Authentication with 180 international financial institutions, approximately 800 blue-chip corporations, and governments representing more than 50 countries.

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.
More information is available at www.vasco.com.

For more information contact:
Media: Jochem Binst: +32 2 456 9810, [email protected]
Investor Relations: Tony Schor, President, Investor Awareness, Inc.: 847-945-2222, [email protected]