VASCO Makes Security Work in the e-security Marketplace by Acquiring IntelliSoft Corp.

OAKBROOK TERRACE, Ill. and BRUSSELS, BELGIUM (PROTEXT) -Acquisition Provides VASCO's customers with Unique 'Speed-to-Security' Advantage for e-business and e-commerce Applications In another major move since receiving equity financing earlierthis year, VASCO Data Security International, Inc. (OTC BulletinBoard: VDSI.OB) announced today that it has acquired IntelliSoftCorporation ( www.isoft.com ), a privately held security companybased in Acton, Mass. Financial terms of the acquisition were notdisclosed. IntelliSoft's product line of true Secure Single Sign-on, WebAuthorization, PKI, VPN, and Enterprise Management solutionscomplements and enhances VASCO's global leadership in providingstrong user authentication and client/server security. VASCO isalready the secure choice of hundreds of financial institutions,corporations, and government agencies in more than 50 countries.Through this new acquisition, VASCO now offers its customers aproven and rapid path for bringing secure e-commerce and e-business initiatives to market. "Whether you're a business manager looking for a secure e-business edge, or an IT manager charged with securing yourenterprise or an e-commerce application, VASCO now gives you thesolutions you need to achieve true 'speed-to-security' at thelowest total cost of ownership ever," explained Mario Houthooft,President and CEO of VASCO Data Security. "VASCO makes securitywork." As evidence, VASCO's IntelliSoft solutions are alreadyextensively deployed and making security work for blue-chip UScustomers such as John Hancock, 3M, Liberty Mutual, DukeUniversity, Allmerica Financial, and Cable and Wireless. With aquarter-million seats licensed to such companies already,IntelliSoft has a stunning track record for a young company.According to Jonathan Chinitz, Vice President and General Managerof VASCO's IntelliSoft division, this track record is based onthe company having recognized -- and met -- a pent-up demand inthe marketplace. "The reason these and other leading companies choseIntelliSoft over far larger and more established securitycompanies is really twofold," Chinitz noted. "First, we virtuallyeliminate the enormous amounts of time and money thatorganizations are now spending to integrate Internet andenterprise security solutions into their existing networks.That's because our solutions allow companies to wrap securityaround users and new or even legacy applications, while requiringabsolutely no changes or replacements to existing applications.We provide the 'glue' that easily and effectively binds togetherall security technologies throughout the corporate enterprise,and we do it with 100% transparency." "The second critical reason," Chinitz continued, "is thatthanks to our 'client-free seating' software approach, we freecompanies from being in the software distribution business andlet them focus on their core business. For web security, there isabsolutely no software to load to the desktop. For any otherapplication, users can download the software over the network inseconds and install it on their desktops in under a minute. Thebottom line is that we can secure an enterprise and its e-business applications more quickly and affordably -- and we havethe customers to prove it." With IntelliSoft's people and products on board, concludedMario Houthooft, "VASCO will aggressively pursue the e-business,e-commerce, and enterprise security marketplace worldwide withinnovative and exciting solutions to meet our customers' businessneeds." About VASCO Data Security VASCO Data Security, a U.S. corporation, secures access toinformation and applications for financial institutions,corporations, and government agencies in more than 50 countriesaround the world. With over 2.75 million Digipass(TM) securitydevices sold, VASCO Data Security is now the number one providerof strong authentication solutions to the banking industry, andnumber two overall. Today, more than 130 banks and financialinstitutions rely on VASCO Data Security to secure theirInternet, PC, and phone banking applications. For moreinformation, call VASCO's U.S. headquarters at 1-800-238.2726,its European headquarters at +32 71-37-27-11, or visitwww.vasco.com . Forward Looking Statements Statements made in this news release that relate to futureplans, events or performances are forward-looking statements. Anystatement containing words such as "believes," "anticipates,""plans," or "expects" is forward-looking, and these statementsinvolve risks and uncertainties and are based on currentexpectations. Consequently, actual results could differmaterially from the expectations expressed in these forward-looking statements. For more information contact: North America: Media, Mike Lange, VASCO Data Security, 630-932-8844, mbl@vasco.com, Investor Relations, Greg Apple, VASCOData Security, 630-932-8844, gta@vasco.com. Europe: Media, Ariane Bosmans, VASCO Data Security, 32 71-37-27-11, arb@vasco.com, Investor Relations, Annemieke Blondeel,Lommaert & Blondeel Consultants, +011-0044-1322-520-180,a.blondeel@dial.pipex.com. ots Original Text Service: VASCO DataSecurity International Internet: http://www.newsaktuell.deContact: North America, Media, Mike Lange, 630-932-8844,mbl@vasco.com, Investor Relations, Greg Apple, 630-932-8844,gta@vasco.com, or in Europe, Media, Ariane Bosmans, 32 71-37-27-11, arb@vasco.com, all of VASCO Data Security; or InvestorRelations, Annemieke Blondeel, +011-0044-1322-520-180,a.blondeel@dial.pipex.com, of Lommaert & Blondeel Consultants forVASCO Data Security Web site: http://www.isoft.com Web site:http://www.vasco.com

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