VASCO Partners With Singapore-based Distributor Pacific Tech to Enhance Its Presence in the Region

OAKBROOK TERRACE, Ill. and ZURICH, Aug. 2 /PRNewswire-FirstCall/ -- VASCO Data Security International, Inc. (Nasdaq: VDSI; www.vasco.com), a leading software security company specializing in strong authentication products, announces today its distribution agreement with Pacific Tech (www.pacifictech.com.sg), a leading Value Added Distributor (VAD) specialized in network unified threat management products and rich media communication systems and solutions.

Pacific Tech is focused to market and distribute credential, certified and proven network and communication products and systems. Its main businesses are situated in Singapore but the company also extends its services to Brunei, Malaysia, Vietnam and Thailand. By partnering with Pacific Tech, VASCO will rely on the distributor's well established channel to increase its presence and accelerate business growth in the region leveraging on Pacific Tech's channel management and technical expertise.

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.

Pacific Tech will carry VASCO's entire enterprise security product line to offer companies of all sizes, ranging from SMEs to large enterprises, Telco's and ISPs, a solid and proven end-to-end authentication solution. The distributor will also be providing bundled product offerings with Fortinet.

"We look forward to a successful partnership," says Jan Valcke, President and COO of VASCO Data Security. "This agreement strengthens the distribution channel VASCO uses to support dealers and value added resellers, complementing our overall customer service offering. Through its network of agents and local resellers, Pacific Tech is well positioned to assist VASCO in extending its products' reach in the region enabling us to further enhance our product availability around the globe."

"We are very excited about becoming VASCO's liaison in Singapore," says Andy Woo, Director Sales and Marketing at Pacific Tech. "Pacific Tech is committed to offering products to its resellers that will provide them with the best opportunities for success in a competitive marketplace. We believe there is a great potential of untapped opportunities in the SME, enterprise and government segment for managed services and cloud computing .The addition of VASCO's proven authentication technology to our lineup will enable our resellers to meet the ever-increasing requirements of IT users. Together with VASCO we will offer flexible, effective and affordable security solutions to counter hacking, fraud and identity theft."

About Pacific Tech

Pacific Tech is a Value Added Distributor (VAD) based in Singapore. The company is focused to market and distribute Credential, Certified and Proven Network and Communication Products and Systems. Pacific Tech is built on the back of our experienced and proven workforce in product management and distribution. Value Added Resellers of today need to find quality and technology product with good fulfillment strategy and strong technical service and support.

Product vendors today are looking for dynamic sales channels, professional service suppliers, as trusted allies that can provide value to the end users and become the leader in business information technology for its region. Pacific Tech's expertise in bridging both High-technology product vendors and VARs at product management, marketing and sales engineering fulfills these needs.

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 approximately 10,000 companies in more than 100 countries, including approximately 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.

SOURCE VASCO Data Security International, Inc.