OAKBROOK TERRACE, Ill., and MONTREAL, March 30, 2016 /PRNewswire/ -- VASCO® Data Security International, Inc. (NASDAQ: VDSI), a global leader in authentication, electronic signatures, and identity management, today announced that eSignLive™, the e-signature choice for business, will launch instances of its e-signature software in data centers in Europe and Australia. The move positions eSignLive to offer the most cloud locations globally among the leaders in the e-signature market. eSignLive will leverage IBM Cloud's global network of data centers to meet in-country data residency requirements by launching multiple regional instances in support of the growing adoption of e-signatures.
"Data residency is a strong driver of cloud software buying decisions globally and with eSignLive soon to be hosted on IBM's global data center network, we will be able to address our customers' requirements for higher data security, control and compliance," said eSignLive President, Tommy Petrogiannis. "Data residency is particularly important in regulated industries such as banking, insurance, government and healthcare, where visibility into where data resides is necessary for compliance reasons."
In Europe, the Electronic Identification and Trust Services for Electronic Transactions in the Internal Market (eIDAS) regulation will replace the existing EU Directive as of July 1, 2016, enabling greater mainstream adoption of e-signatures across Europe. In addition, with the recent repeal of the Safe Harbor agreement and its replacement by the EU-U.S. Privacy Shield, organizations will seek solutions that are available on local data centers to ensure that customer and business data will be protected by local laws.
In Australia, a recent eSignLive poll conducted by Galaxy Research revealed that more than 50 percent of Australians were concerned that information in the cloud may not be stored within Australian jurisdiction, and therefore not be subject to Australian privacy laws. To satisfy data residency requirements, especially in regulated industries that want to use cloud services, eSignLive will host its e-signature solution on two major data centers in Sydney and Melbourne. eSignLive is already engaged with a leading Australian bank, as well as technology partners, to drive customer experience and digital transformation initiatives.
The flexibility of eSignLive on IBM Cloud, either on a public or private cloud, allows organizations to scale operations quickly. This scalability extends to eSignLive's integration with Salesforce, Microsoft Dynamics CRM and SharePoint, and helps commercial and government organizations enable users to electronically sign from anywhere, anytime and on any device. eSignLive can also be deployed on-premises, provides an active audit trail that captures a visual record of what transpired during a transaction, and can be white labelled to put the spotlight on the customer's brand.
Instances of eSignLive in Europe and Australia are scheduled to be live within the next two weeks, and the company expects to continue to expand cloud instances of its e-signature solution to meet in-country data residency requirements in additional regions by the end of 2016.
To learn more, please visit www.esignlive.com/data-residency.
About eSignLive™ by VASCO®
eSignLive™ is the electronic signature solution behind some of the world's most trusted brands. Regulated industries and top analyst firms recognize eSignLive's products and services for their ability to balance the highest levels of security and compliance with ease-of-use while automating any process – from the simplest, internal signing workflow to the most complex, customer-facing transactions. Available in the cloud and on-premises, the eSignLive solution offers a scalable platform to support an organization's digital transformation strategy across the enterprise – today and tomorrow. eSignLive is the trade name of Silanis Technology Inc., a VASCO group company. Learn more at www.esignlive.com.
VASCO is a world leader in providing two-factor authentication and digital signature solutions to financial institutions. More than half of the top 100 global banks rely on VASCO solutions to enhance security, protect mobile applications and meet regulatory requirements. VASCO also secures access to data and applications in enterprise environments, and provides tools for application developers to easily integrate security functions into their web-based and mobile applications. VASCO enables more than 10,000 customers in 100 countries to secure access, manage identities, verify transactions, and protect assets across financial, enterprise, E-commerce, government and healthcare markets. Learn more about VASCO at VASCO.com and on Twitter, LinkedIn and Facebook.
© 2016 VASCO Data Security, Inc. All rights reserved. VASCO® and the VASCO stylized V logo are registered or unregistered trademarks of VASCO Data Security, Inc. and VASCO Data Security International GmbH in the U.S. and other countries.
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SOURCE VASCO Data Security International, Inc.