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 vision
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 Magic Quadrant.
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 core activities.
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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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 its operations.
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.
[i] Gartner “Magic Quadrant for User Authentication” by Ant Allan, 9 December 2013.
SOURCE VASCO Data Security International Inc.