Online authentication outfit Vasco is to expand its European sales channels with the opening of a new sales office in London.
The London sales office will further support and leverage the company's existing installed base in the United Kingdom, which includes remote banking and corporate network customers such as Beneficial Bank, DMST, Fullers Brewery, Futuristic Technology, Kemira, National Westminster Bank, and Natwest Life Insurance.
As Europe's third largest online trading market, it is estimated that nine million people in the United Kingdom will embrace online banking by 2004. According to Forrester Research, over half of adults in the UK are now online.
Jan Valcke, executive vice president of sales and marketing for Vasco, comments: "Market conditions in the UK now match the markets in Europe where Vasco has been highly successful in selling online banking and network security, while the IT community in the United Kingdom is very well educated on authentication hardware and software - making our sales process easier. We expect this to accelerate our revenue growth in the UK for our Digipass and Vacman families of authentication, authorisation, and administration security products."
Vasco currently secures networks for 160 financial institutions worldwide, including ABN Amro, Arab Bank Jordan, Fifth Third Bank, OCBC Bank, SEB Group, and SouthTrust.