OAKBROOK TERRACE, Illinois and ZURICH, Switzerland – October 27, 2010 –
VASCO Data Security International, Inc. (Nasdaq: VDSI; www.vasco.com), a
leading software security company specializing in strong authentication
products, today announced that it signed a non-exclusive distribution
agreement with Dubai based Secureway (www.secureway.ae).
Secureway will distribute VASCO’s leading DIGIPASS, VACMAN and IDENTIKEY
range to the region’s enterprise security market. VASCO’s newest
distributor is active in the United Arab Emirates, Saudi Arabia, Qatar,
Egypt, Lebanon, Yemen and Pakistan.
VASCO’s best of breed authentication solutions replace static passwords with
dynamic one-time passwords eliminating unauthorized access to networks,
applications and business-critical data. The company also offers e-signature
solutions to secure online (monetary) transactions circumventing phishing
and man-in-the-middle attacks.
With several VASCO solutions partners in its portfolio, Secureway will offer
product bundles to its reseller base, by harnessing Fortinet, F5 and
Imprivata solutions with VASCO’s authentication technology.
“The Middle East is an important focus area for VASCO,’ says Jan Valcke,
VASCO’s President and COO. “The regional enterprise IT market is mature and
flourishing. As a result, hackers and fraudsters might shift their attention
to the Middle East as a hunting ground. Together with Secureway, we will
make the Middle East enterprise market a more secure place to do business.”
“Partnering with VASCO is a strategically important move for Secureway,”
said Fari Boustantchi, Secureway’s CEO. “VASCO is well established in the
Middle East market and has built a very positive reputation in the sector.
Simultaneously with our agreement with VASCO, we signed a partnership
contract with Imprivata, resulting in a very complete security offering for
enterprises. Our mission will be to push VASCO’s authentication technology
to the Middle East market, often as a bundle with the product’s of
longstanding Secureway partners such as F5, Fortinet and others.”
About SecureWay
Secureway Network Distributors are the Middle East’s Specialist Value Added
Distributors in the IT Security & Mobility Industry. Secureway Network
Distributors offers Middle East Value Added Resellers an excellent
opportunity to capitalize on their growing customer bases by providing End
to End IT security solutions, while assisting them in the full lifecycle of
the project. With focus on pure Value-Added Distribution, Secureway Network
Distributors has the global backup and local experience to deliver an
unparalleled level of service, support, logistics and competitive pricing to
the Middle East IT marketplace.
Secureway brings market leaders to the Middle East region. Our vendors are
all leaders in their domain, usually with no solid presence in the region.
We keep a constant eye on technology leaders in specialist security markets
and add them to our portfolio, this also encompasses adding new IT security
start-up vendors, and these new vendors with their unique technology are the
stars of tomorrow. We do keep our vendor portfolio limited to enable focused
manageability.
About VASCO
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 over 10,000 companies in more
than 100 countries, including more than 1,500 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 “believe,” “anticipate,” “plan,” “expect,” “intend,” “mean,”
“potential” 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, jbinst@vasco.com
Jasmien Strynckx
Vasco Data Security
The Authentication Company
HQ: Koningin Astridlaan 164 – 1780 Wemmel – Belgium
T: +32 2 609 9901
F: +32 2 609 97 09
M: +32 491 56 53 50
e-mail : jst@vasco.com
http://www.vasco.com
