VASCO Reinforces Its Presence in the Middle East by Opening an Office in the Kingdom of Bahrain

• Press Release
• Source: VASCO Data Security Inc.
• On 3:56 am EDT, Wednesday October 7, 2009

OAKBROOK TERRACE, Ill. and ZURICH, Oct. 7 /PRNewswire-FirstCall/ -- VASCO Data Security Inc. (Nasdaq: VDSI; www.vasco.com ), a leading software security company specializing in authentication products today announced that it is reinforcing its presence in the Middle East by opening an office in the Kingdom of Bahrain. The establishment of this new legal entity VASCO Data Security Middle East (SPC), a wholly owned subsidiary of VASCO Data Security in the Kingdom of Bahrain is in line with VASCO's three step strategy in building up a market presence.

VASCO's business strategy consists of building a local market presence in the banking sector by winning a number of large customers. Once the presence in banking has been established, VASCO will enter the enterprise security market with solutions for securing remote access and application security. Finally, once the enterprise security is maturing, VASCO hires local employees, establishes partnerships with local distributors and opens a local office.

The new subsidiary in the Kingdom of Bahrain will be responsible for sales and support for the Middle-East. The local team reports to VASCO operational headquarter in Wemmel, Belgium. The office will be located at Al Jasrah Tower Building, Diplomatic Area, Manama.

"VASCO already has several customers in the Middle East, among others Arab Bank in the United Arab Emirates and Riyad Bank in the Kingdom of Saudi Arabia. We already work together with local distributors, amongst other FVC in Dubai and we are convinced that our local presence will provide us with further growth opportunities," says Jan Valcke, President and COO at VASCO Data Security.

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 9,000 companies in more than 100 countries, including almost 1,300 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 "believes," "anticipates," "plans," "expects," "intend," "mean," 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 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, aXs GUARD and IDENTIKEY.

For more information contact:

Jochem Binst, +32 2 609 97 00, jbinst@vasco.com

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