VASCO Acquires Global Web Security Software Company Identikey Ltd.

Addition of New Web Security Software Products and Experienced Software

Engineers Expected to Speed VASCO's Entry into New Markets and Accelerate

Revenue Growth



Apr 04, 2001, 01:00 ET from VASCO Data Security International, Inc.

    OAKBROOK TERRACE, Ill. and BRUSSELS, Belgium, April 4 /PRNewswire/ --
 US-based VASCO Data Security International, Inc. (Nasdaq:   VDSI; EASDAQ)
 ( www.vasco.com ), a global provider of security solutions that enable e-
 business and e-commerce, announced that it has acquired control of Identikey
 Ltd. ( www.identikey.com ), a privately held international security software
 company headquartered in Brisbane, Australia, with operations in the United
 States, Europe and Australia.  The purchase price of approximately $2 million
 was paid in shares of VASCO Common Stock, with potential additional earnout
 payments based on defined performance incentives.  VASCO expects the
 acquisition to be neutral to its earnings per share for the 12 months
 following the acquisition, and significantly accretive after that period.
     VASCO has acquired Identikey to increase its market share and revenues in
 the rapidly growing web security marketplace, to expand its product line for
 securing web-based applications, and to enhance its ability to deliver
 market-driven security software products.  VASCO plans to announce its first
 new products from the acquisition of Identikey under its SnareWorks family of
 products during 2001.
     "We were able to close the Identikey acquisition in due course thanks in
 large part to the longstanding and mutually productive partnership between our
 two companies," noted Mario Houthooft, President and CEO of VASCO.  "As a
 result, VASCO is now in a better position than ever to provide web portal and
 web-based application security to our customers worldwide.  We will soon
 introduce innovative security software, based on the Identikey platform, that
 will enable any corporation, financial institution, and government agency to
 secure their e-business and e-commerce initiatives, easily and affordably."
     Mark Kefford, previously CEO of Identikey and now a member of the VASCO
 management team, concurred.  "Our family of web security software products
 complements VASCO's expertise in strong authentication and enterprise-wide
 security, and will allow us to become what we believe will be the security
 platform of choice for supporting business initiatives, reaching from the
 mainframe to the web with equal ease."
 
     About VASCO
     VASCO secures the enterprise from the mainframe to the Internet with
 infrastructure solutions that enable secure e-business and e-commerce, protect
 sensitive information, and safeguard the identity of users. The Company's
 family of Digipass(R) and SnareWorks(R) products offers end-to-end security
 through strong authentication and digital signature, true Single Sign-On,
 access control and advanced entitlements, web portal security, and PKI
 enablement, while sharply reducing the time and effort required to deploy and
 manage security. VASCO's customers include hundreds of financial institutions,
 blue-chip corporations, and government agencies in more than 50 countries.
 More information is available at www.vasco.com .
 
     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," 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 the Company's public filings with the US Securities
 and Exchange Commission for further information regarding the Company and its
 operations.
 
 

SOURCE VASCO Data Security International, Inc.
    OAKBROOK TERRACE, Ill. and BRUSSELS, Belgium, April 4 /PRNewswire/ --
 US-based VASCO Data Security International, Inc. (Nasdaq:   VDSI; EASDAQ)
 ( www.vasco.com ), a global provider of security solutions that enable e-
 business and e-commerce, announced that it has acquired control of Identikey
 Ltd. ( www.identikey.com ), a privately held international security software
 company headquartered in Brisbane, Australia, with operations in the United
 States, Europe and Australia.  The purchase price of approximately $2 million
 was paid in shares of VASCO Common Stock, with potential additional earnout
 payments based on defined performance incentives.  VASCO expects the
 acquisition to be neutral to its earnings per share for the 12 months
 following the acquisition, and significantly accretive after that period.
     VASCO has acquired Identikey to increase its market share and revenues in
 the rapidly growing web security marketplace, to expand its product line for
 securing web-based applications, and to enhance its ability to deliver
 market-driven security software products.  VASCO plans to announce its first
 new products from the acquisition of Identikey under its SnareWorks family of
 products during 2001.
     "We were able to close the Identikey acquisition in due course thanks in
 large part to the longstanding and mutually productive partnership between our
 two companies," noted Mario Houthooft, President and CEO of VASCO.  "As a
 result, VASCO is now in a better position than ever to provide web portal and
 web-based application security to our customers worldwide.  We will soon
 introduce innovative security software, based on the Identikey platform, that
 will enable any corporation, financial institution, and government agency to
 secure their e-business and e-commerce initiatives, easily and affordably."
     Mark Kefford, previously CEO of Identikey and now a member of the VASCO
 management team, concurred.  "Our family of web security software products
 complements VASCO's expertise in strong authentication and enterprise-wide
 security, and will allow us to become what we believe will be the security
 platform of choice for supporting business initiatives, reaching from the
 mainframe to the web with equal ease."
 
     About VASCO
     VASCO secures the enterprise from the mainframe to the Internet with
 infrastructure solutions that enable secure e-business and e-commerce, protect
 sensitive information, and safeguard the identity of users. The Company's
 family of Digipass(R) and SnareWorks(R) products offers end-to-end security
 through strong authentication and digital signature, true Single Sign-On,
 access control and advanced entitlements, web portal security, and PKI
 enablement, while sharply reducing the time and effort required to deploy and
 manage security. VASCO's customers include hundreds of financial institutions,
 blue-chip corporations, and government agencies in more than 50 countries.
 More information is available at www.vasco.com .
 
     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," 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 the Company's public filings with the US Securities
 and Exchange Commission for further information regarding the Company and its
 operations.
 
 SOURCE  VASCO Data Security International, Inc.