OAKBROOK TERRACE, Illinois / ZURICH, Switzerland / LEUVEN, Belgium, 28.09.2011 - VASCO Data Security International, Inc. (Nasdaq: VDSI), a leading software security company specializing in authentication products and Option (EURONEXT: OPTI; OTC: OPNVY), the wireless technology company, announce a partnership to co-develop and bring to market Cloudkey®, a mobile security solution that provides simple and secure access to cloud applications and data. This unique mobile solution offers world-class security combining VASCO's DIGIPASS authentication capability with Option's 3G USB modem and connection management software (uCAN® Connect).
Cloudkey contains DIGIPASS for Mobile, VASCO's strong authentication solution for mobile devices. Mobile users who want to access cloud applications in a secure way can use the USB key to generate a one-time password (OTP). This OTP is only valid for a limited period of time and replaces the use of static passwords. Each time the user wants to log in, the mobile application on Cloudkey calculates a new value. This reduces the risk of unauthorized access to data in the cloud, and eliminates the inconvenience of password management. The OTP is securely generated inside the modem hardware and can be displayed without installation of drivers or applications.
Cloudkey is a versatile and modular solution that addresses different security needs. It can be used in standard professional and enterprise environments to access corporate data or the intranet, but also in environments where users need simple and secure access to personal data or applications in the cloud. Cloudkey can be used by enterprises that have already deployed VASCO's DIGIPASS authentication devices but also require 3G connectivity. The use of a private APN can further strengthen access to intranet systems. For these users, Cloudkey provides an all in one solution that is simple to use and convenient to carry. Cloudkey also incorporates a micro-SD slot providing users with an additional portable storage solution and allowing future modular extensions to the product.
"Security has become a fundamental requirement for mobile enterprise access. Cloudkey incorporates world-class security with excellent connectivity and user-friendly software to access cloud and enterprise applications and data", says Jan Callewaert, CEO at Option. "We are committed to enhancing our portfolio of secure connectivity solutions together with trustworthy partners, such as VASCO Data Security. Cloudkey is an important solution in this strategy".
"We are proud to announce the partnership between Option and VASCO Data Security, two key players in the IT-industry, both headquartered in Belgium", says Jan Valcke, President and COO at VASCO Data Security. "This partnership fits in VASCO's mission to embed our strong authentication solutions on different platforms. Cloudkey is the first result of our cooperation and demonstrates how we can deliver solutions that simplify strong security together."
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 over 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
Copyright ©2011 OPTION. All rights reserved. All product and company names herein may be (registered) trademarks or trade names.
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