VASCO Data Security partners with Tech Data to offer market leading strong authentication to North American channel
Oakbrook Terrace, Illinois, Zurich, Switzerland, February 23, 2010 - VASCO Data Security Inc. (Nasdaq: VDSI; www.vasco.com ), a leading software security company specializing in authentication products announce today its distribution agreement with Tech Data Corporation, a leading provider of IT products, logistics management and other value-added services. By partnering with Tech Data to distribute its DIGIPASS authentication products, VASCO and its reseller partners will be able to take advantage of the growing demand for these security solutions among businesses of all sizes throughout North America. VASCO’s solutions offer user authentication and e-signature capability which enhance secure access to corporate networks, online accounts and applications.
“VASCO has a longstanding working relationship with Tech Data in Europe; we are excited to extend our distribution agreement to North America. As businesses continue to extend access to corporate resources the need for effective authentication solutions expands. We are convinced that Tech Data is the perfect partner for us to reach and recruit the resellers supporting the network security needs of end users throughout the region,” says Jan Valcke, President and COO at VASCO Data Security.
Tech Data will offer its reseller customers access to the DIGIPASS® Pack for Remote Authentication, IDENTIKEY® and DIGIPASS® product lines. VASCO and Tech Data will work together to identify, educate, recruit and enable IT resellers interested in expanding their network security solutions offering.
VASCO’s best-of-breed DIGIPASS authentication solutions are competitive, fast, easy to install, and simplify the migration from other providers to VASCO. They replace the use of insecure static passwords with dynamic one-time passwords (OTP). By adding DIGIPASS authentication to the network infrastructure, unauthorized access to networks, applications, and business-critical data is eliminated. Furthermore, online transactions can be secured with DIGIPASS using e-signature avoiding that documents and transactions are altered in transit.
“Comprehensive network security and user authentication solutions—especially considering the explosive growth of mobile devices, wireless networking and remote workforces—are crucial for businesses of all sizes to protect digital assets like customer records, intellectual property and other sensitive information,” said Tech Data Vice President, Software Product Marketing, Stacy Nethercoat. “That creates opportunity for our reseller customers who are implementing those security solutions. By partnering with VASCO, we are providing them with access to a broader array of security solutions they can add to their own offerings.”
Tech Data Corporation (NASDAQ GS:TECD) is one of the world’s largest distributors of technology products from leading IT hardware and software producers. Tech Data serves more than 125,000 IT solution providers in over 100 countries. Every day, these resellers depend on Tech Data to cost-effectively support the technology needs of end users, including small and medium businesses (SMB), large enterprises and government agencies. Ranked 102nd on the FORTUNE 500(R), Tech Data generated $24.1 billion in net sales for its fiscal year ended January 31, 2009. To learn more, visit www.techdata.com.
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 almost 9,500 companies in more than 100 countries, including approximately 1,400 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,” “intend,” “mean,” 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 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 contact:
Jochem Binst, +32 2 609 97 00, [email protected]