Alfa & Ariss is a specialist in open identity and access management; Acquisition provides technical know-how that is expected to enhance VASCO's DIGIPASS as a Service infrastructure and strengthens VASCO's Enterprise Security offerings; Brings additional engineering capabilities to VASCO
OAKBROOK TERRACE, Ill., and ZURICH, Switzerland, April 4, 2011 - VASCO Data Security International, Inc. (NASDAQ: VDSI), (www.vasco.com), a leading software security company specializing in authentication products and services, today announced its acquisition of Alfa & Ariss B.V. ("A&A"), an open identity and access management specialist of Enschede, The Netherlands (www.alfa-ariss.com). VASCO acquired all of the stock of A&A in exchange for cash consideration of Euro 1 million ($1.4 million using the exchange rate at the date of close). The acquisition was financed from VASCO's existing cash balances and is expected to have a slightly dilutive impact on earnings in fiscal 2011.
A&A was founded in 1999 and is an authority in the field of developing open identity and access management solutions. OpenASelect is A&A's high-profile authentication server platform. Companies implementing the OpenASelect platform don't need to invest in know-how or infrastructure, allowing them to focus on their core business. A&A's OpenASelect platform will be connected to VASCO's DIGIPASS as a Service platform.
A&A has strong ties with the Dutch PKI Internet trust services provider DigiNotar. DigiNotar's authentication gateway server was developed in close cooperation with A&A. The acquisition of DigiNotar by VASCO was announced on January 10, 2011. Both acquisitions support VASCO's long term growth strategy in the fields of services, software and Enterprise Security.
"Alfa & Ariss brings important know-how and engineering capabilities to VASCO. We believe that its abilities in the fields of linking applications in-the-cloud and its ID management tools are important for VASCO's long term strategy," says Ken Hunt, VASCO's Chairman and CEO. "With this acquisition, we further strengthen our offerings and R&D capabilities."
"The acquisition of Alfa & Ariss is a great opportunity for VASCO to reinforce its Enterprise Security (channel) business," said Jan Valcke, VASCO's President and COO. "By adding A&A's existing technology, we can turn our IDENTIKEY server into a true multi-protocol platform, supporting RADIUS, SOAP, SAML, Open-ID and PKI. We believe that this will broaden the scope of our channel business very positively."
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 over 10,000 companies in more than 100 countries, including more than 1,600 international financial institutions. VASCO's prime markets are the financial sector, enterprise security, e-commerce and e-government.
For more information contact: Jochem Binst, +32 2 609 97 00, [email protected]