VASCO Data Security International

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VASCO Data Security International
Type Public (NASDAQ: VDSI)
Industry Software, Computer Security, Cryptography
Founded 1991[1]
Headquarters Oakbrook Terrace, Illinois
Zurich, Switzerland
Area served Worldwide
Key people T. Kendall Hunt (CEO)
Products

DIGIPASS

  • Front view: E-signature DIGIPASS with keypad as used by Bank Central Asia

  • Rear view
Revenue Increase US$ 168.1 Million (2011)
Net income Increase US$ 24.3 Million (2011)
Total assets Increase US$ 168.9 Million (2011)
Total equity Increase US$ 135.8 Million (2011)
Employees 363 (2011)
Website www.vasco.com

VASCO Data Security International, Inc., is a US based company and was founded in 1991. The company's financial headquarters are based in Oakbrook Terrace, Illinois and its operational headquarters are located in Zurich (Balsberg), Switzerland.

VASCO Data Security International is the result of the purchase of several companies, mainly ThumbScan, Inc. and the two Belgian companies, Lintel Security nv/sa and Digipass nv/sa. Its most notable product is also the DIGIPASS.

It engages through its subsidiaries, in the design, development, marketing, and support of hardware and software security systems that manage and secure access to information assets worldwide. It offers patented products for e-government, e-business and e-commerce, which enable secure financial transactions to be made over private enterprise networks and public networks, such as the Internet.

Contents

[edit] Core Activities

[edit] User authentication

Log-on access process that verifies if the user is in fact who he claims to be.

[edit] Electronic signature

Secures a transaction or message between two known parties.

[edit] Digital signature

Secures transactions or messages using PKI technology between two parties who don’t necessarily know each other, whereby the third party guarantees the identity of all parties involved.

[edit] Milestones

[edit] 1990s

1990 – Development of the first DIGIPASS

1992 – Foundation of the company Digipass nv/sa, with a capital of 2,750,000 BEF

  • Kredietbank, Generale Bank and BBL become customers
  • Generale Bank becomes the first large customer with an order of 20,000 DIGIPASS authentication devices

1993 – Rabobank becomes a VASCO customer

1996 – VASCO Data Security is formed as a result of a merger of Digiline/Digipass nv/sa, VASCO and Lintel Security

1997 – VASCO sells its first million of DIGIPASS authentication devices

1998 – VASCO goes public – NASDAQ: VDSI

1999 – VASCO acquires Intellisoft

[edit] 2000s

2000 – VASCO opens expanded European headquarters in Wemmel (Belgium)

2001 – VASCO develops DIGIPASS 800

  • Rabobank first DIGIPASS 800 customer
  • VASCO starts tackling the corporate network access market

2002 – VASCO introduces a new management team

  • Rabobank distributes 1,000,000 DIGIPASS 800 devices to its banking customers

2003 – VASCO launches DIGIPASS Authentication Server

  • VASCO crosses the cape of 10 million DIGIPASS devices sold

2004 – VASCO opens office in Boston

2005 – VASCO opens offices in Shanghai and Moscow

  • VASCO acquires AOS-Hagenuk (The Netherlands)
  • VASCO has customers in 100 countries

2006 – VASCO celebrates its 500th customer in the financial sector VASCO acquires Logico (Austria) VASCO acquires Able nv/sa (Belgium)

2007 – VASCO’s customer base is composed of 6500 customers from which more than 1000 are banking and financial institutions

2008 – VASCO has 7100 customers from which more than 1000 are banks

  • April – VASCO launches DIGIPASS 905 card readers for eID
  • June – VASCO was nominated No.14 in BusinessWeek’s “Hot Growth Companies” top 50 and VASCO ranks 5th in FORTUNE Small Business’ Top 100 for fast growing smaller public businesses
  • July – VASCO opens subsidiary in Mumbai (India)
  • September – VASCO opens new Logistic centre in Mollem (Belgium)

2009 – Forbes Magazine rates VASCO as the 9th fastest growing tech company in 2009.[2]

  • September – VASCO launches its Consulting Services Offering
  • October – VASCO opens office in the Kingdom of Bahrain

[edit] 2010s

2010

  • February – VASCO launches DIGIPASS as a Service
  • September – VASCO announces the availability of multi-OTP technology
  • December – VASCO launches DIGIPASS Nano, an ‘all inside the chip’ solution

2011

  • February – VASCO’s DIGIPASS Technology to be embedded into Intel® Identity Protection Technology (IPT)[3]
  • April
    • VASCO announces Acquisition of Alfa & Ariss (The Netherlands)
    • VASCO’s DIGIPASS as a Service available for Google Apps™
  • August
  • September
    • Dutch Subsidiary DigiNotar files for bankruptcy after a security breach

2012 – VASCO crosses the cape of 100 million DIGIPASS authenticators sold

[edit] Other

[edit] External links

[edit] Notes

  1. ^ "VASCO DATA SECURITY - Annual Report - 2001 - page 17". vasco.com. Retrieved 2012-02-21. 
  2. ^ Murdock, Paul; John J. Ray (February 16, 2009). "Turbo Techs: 25 Hottest Tech Stocks". Forbes. 
  3. ^ http://ipt.intel.com/
  4. ^ "MYDIGIPASS.COM brings convenient security to consumers’ favorite websites". PR Newswire. April 23, 2012. 
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