news_VASCO Data Security strengthens presence on US West Coast with San Mateo office
OAKBROOK TERRACE, Illinois and ZURICH, Switzerland – August 24, 2011 - VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com), a leading software security company specializing in authentication products, announces today the opening of an additional US-based office in San Mateo, California.
VASCO Data Security establishes its US West Coast presence with the opening of its new Californian office, adding office space to accommodate the growth of the company. The West Coast office will house the company’s business development team for its cloud-based DIGIPASS as a Service business.
The new office location is part of a range of activities for VASCO in bolstering its best-of-breed authentication services and solutions and will allow the company to offer local services and support and explore new market opportunities for the growing prospect base in the region.
“We see a significant increase in the level of interest for cloud authentication services worldwide,” says T. Kendall Hunt, CEO, founder and chairman of VASCO Data Security. “The new office is located at the West Coast, very close to the heart of Silicon Valley and will help service the growing market potential and demand for VASCO’s hosted authentication services in the Western United States.”
VASCO San Mateo Sales office:
1840 Gateway Blvd., Suite 200, San Mateo, CA 94404
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.
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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