VASCO Executes Worldwide Growth Plans

VASCO Data Security International, Inc., a global vendor of strong user authentication products to the financial sector, today announced that it is in full execution of the growth plans it has announced during its Q3 Conference Call. Worldwide, VASCO is growing swiftly by adding professionals to its staff and tightening its sales network.

In less than a year's time, VASCO's Westbourough, Massachusetts based North American Operations Headquarters have outgrown the office opened less than a year ago. VASCO will shortly move into another office in the same building. The high demand of VASCO's products in the North American Corporate Banking and Corporate Network Access markets have encouraged VASCO to speed up its growth process in the USA and to double its number of East Coast employees within a time span of two quarters. Soon, VASCO will start stepping up its activities at the West Coast of the United States.

VASCO's Operational Headquarters in Wemmel, Belgium will enhance its office space by 25%. New hires in Sales and Marketing, R&D and Technical Support are in full execution.

At the end of Q3, VASCO has opened a representative office in Shanghai, in order to explore the potentially important Chinese market.

Currently, VASCO has 94 employees worldwide. VASCO earlier announced that it had 80 employees at the end of September 2004. Plans are to widen the VASCO staff to over 120 employees during 2005.

"Worldwide, there is a rising demand for VASCO's Digipass products," said Jan Valcke, VASCO's President and COO. "In order to allow the company to be competitive in every region and in every vertical market, VASCO has to grow. The adding of experienced, skilled staff is the first chapter of VASCO's growth. This growth will make VASCO more successful, more profitable."