Published:
VASCO Opens Subsidiary in Mumbai (India)
OAKBROOK TERRACE, Ill., andZURICH, Switzerland, July 3
/PRNewswire-FirstCall/ -- VASCO Data Security International, Inc.
(Nasdaq: VDSI) (http://www.vasco.com), a leading software security company
specializing in authentication products, today announced that it will
reinforce its presence inAsia by opening a subsidiary inMumbai, India. VASCO
received the official Certificate of Incorporation of VASCO Data Security
(India) Private Limited at the end of Q2 2008.
The new subsidiary will be responsible for sales and support inIndia.
Shortly, VASCO hired its first local staff, responsible for delivering support
to VASCO's Indian customers and prospects. The Indian team will report to
VASCO's regional hub inSydney, Australia.
In every large market, VASCO follows a three-step approach to success.
In a first phase, VASCO aims at winning large customers in the banking sector.
Secondly, VASCO adds the Enterprise Security sector as a focus to its regional
approach. In this phase, VASCO looks for local partners and local employees.
In a third phase, VASCO opens a local office.
"India is an important market for VASCO. The booming economy, the growth
of the service sector and the highly educated workforce brings new business
opportunities to VASCO. InIndia, VASCO already counts among its customers a
number of leading banks. Now, we are poised on growing our market position in
the Enterprise Security sector and reinforce our growth in the financial
sector. We are convinced that our local presence and team will further enhance
our presence in the Indian market," says Jan Valcke, VASCO's President and COO.
Contact and address information about VASCO's Indian office will be
announced shortly.
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 a global software company for
Internet Security serving a customer base of close to 7,100 companies in more
than 100 countries, including more than 1000 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," 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.
For more information contact:
VASCO: Jochem Binst, +32 2 609 97 00, jbinst at vasco.com
SOURCE VASCO Data Security International, Inc.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
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