Belgian cloud service provider Thinfactory adds DIGIPASS as a Service to its product range

OAKBROOK TERRACE, IL, USA, and Zurich, Switzerland, May 10, 2011 - VASCO Data Security International, Inc. (NASDAQ: VDSI), (www.vasco.com), a leading software security company specializing in authentication products and services, today announced that Thinfactory, a Belgian cloud service provider, puts DIGIPASS as a Service at the disposal of its end-users on its online web store (https://www.cloudplaza.eu/).

DIGIPASS as a Service is VASCO’s cloud based authentication service that makes use of VASCO’s proprietary authentication technology. Companies can focus on their core businesses as VASCO takes care of all the aspects of securing a network or applications. DIGIPASS as a Service was designed for companies that want to secure web applications with strong user authentication, but do not have the resources or the know-how to manage a security solution.

Thinfactory is a Belgian cloud service provider, offering elementary and scalable ICT building blocks in the Benelux countries. Its cloud services are gathered on Cloud Plaza, an online selling platform. In this web shop, customers and resellers can buy applications for desktops, laptops and smart phones. An up-to-date Software as a Service offering leads companies to a range of the latest programs and innovative applications.

VASCO is a market leader in strong authentication. For that reason, Thinfactory chose to add VASCO’s authentication services to its product portfolio. From now on, DIGIPASS as a Service will be available on Thinfactory’s Cloud Plaza web store. Cloud service resellers can purchase the service through that platform. VASCO still takes care of the authentication process, whereas Thinfactory deals with client support. By placing DIGIPASS as a Service at the end-users’ disposal, Thinfactory met the growing need of its customers to securely protect online applications through a hosted authentication solution.

VASCO is rapidly expanding its DIGIPASS as a Service offering. In a first phase, the service for B-to-B was launched. Recently, VASCO has started the second phase, aiming at the B-to-E-market, in which employees are the end-users. Eventually, in the third phase, VASCO will focus on the B-to-C-market, planning to secure typical online consumer applications, such as e-gaming, e-commerce or social network accounts.
“Thinfactory was eager to offer its Cloud Plaza users a two-factor authentication solution with banking level security. In VASCO we found a trustworthy partner that could supplement our service offerings with its DIGIPASS as a Service. Its ease of use, scalability and high level of security are only some of the advantages that were decisive for us,” says Johan Verhaeren, Head of Sales and Marketing at Thinfactory.

“DIGIPASS as a Service is an outstanding way of adding two-factor authentication to online applications. VASCO is pleased to notice that this cloud based offering becomes more and more prevalent in the range of cloud service providers,” says Ken Hunt, Founder, Chairman and CEO of VASCO Data Security.

Thinfactory is a Belgian service provider, delivering hosted and Managed ICT services towards organizations. Built on top of these ICT services, Thinfactory delivers a managed service solution allowing partial or complete outsourcing of your ICT infrastructure.

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 a global software company for Internet security serving a customer base of approximately 11,000 companies in more than 100 countries, including more than 1,700 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. 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, 2009 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 contact:
Jochem Binst, +32 2 609 97 00, [email protected]

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