Gartner Recognizes VASCO Data Security in Leaders Quadrant in Magic Quadrant
for User Authentication
VASCO positioned as a leader for its ability to execute and completeness of
OAKBROOK TERRACE, Illinois and ZURICH, Jan. 28, 2014
OAKBROOK TERRACE, Illinois and ZURICH, Jan. 28, 2014 /PRNewswire/ --VASCO
Data Security International, Inc. (www.vasco.com) (Nasdaq: VDSI), a leading
software security company specializing in authentication products, today
announced it has been positioned by Gartner, Inc. as a leader in the Gartner
Magic Quadrant for User Authentication.[i]
Every year, Gartner Inc. performs an independent, in-depth analysis of vendors
in the user authentication marketplace. The assessment is based on
completeness of vision and ability to execute. VASCO remains a leader in this
Gartner sees Cloud and mobile to have the broadest, creating the most
significant challenges as well as opportunities for user authentication
vendors and predicts that "by year-end 2016, about 30% of enterprises will
choose cloud-based services as the delivery option for new or refreshed user
authentication implementations – up from about 10% today."
Historically, VASCO has offered an on premise authentication solution to large
banks and enterprises in all verticals, such as gaming, healthcare, education
and e-government. These organizations use VASCO's strong authentication to
protect their end-users' data from being compromised. They install a VASCO
server platform and combine it with DIGIPASS authenticators; hardware,
software or an app that can be downloaded on the end-user's smart phone.
Now, VASCO also offers cloud-based authentication with MYDIGIPASS.COM and
DIGIPASS as a Service.MYDIGIPASS.COM is a two-factor authentication service
for ASPs (Application Service Providers) that enables them to offer their
customers a secure login to their web based applications. VASCO takes care of
the end-users' identities and access management, so the ASP can focus on its
VASCO continues to invest in innovative solutions and methods to meet the
challenges of the global economy. CrontoSign, VASCO's new visual cryptographic
authentication method, is an example of its ability to continue to evolve,
innovate and address market trends.
"This is the second year in a row that we have been recognized in the Leaders
quadrant," said Jan Valcke, President and COO of VASCO Data Security. "We feel
this is a confirmation of our profound vision, innovating services and unique
approach. We will continue to innovate enabling us to further enhance our
market position on a global level."
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with respect to this research, including any warranties of merchantability or
fitness for a particular purpose.
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 approximately 10,000 companies in more than 100
countries, including approximately 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, 2010 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
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.
For more information contact: PR, +32 2 609 97 00, firstname.lastname@example.org
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[i] Gartner "Magic Quadrant for User Authentication" by Ant Allan, 9 December
SOURCE VASCO Data Security International Inc.
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