Vasco opens subsidiary in Brazil

Source: VASCO Data Security International

VASCO Data Security International, Inc. (NASDAQ:VDSI), the leading software security company specializing in authentication products, today announced that it has reinforced its presence in Latin America by opening a subsidiary in Sao Paulo, Brazil.

The newly founded entity, "VASCO Seguranca de Dados Brasil LTDA", will be responsible for sales and support in Brazil and will act as a support center for the rest of Latin America. VASCO's Brazilian staff will be responsible for delivering support to VASCO's Brazilian customers.

Brazil is of strategic importance to VASCO. The company already is successful in the country, with an important number of the country's leading banks as customers. The Brazilian e-commerce and enterprise security markets are expected to grow significantly. In addition, VASCO considers Brazil as a leading business hub in the region.

"Brazil is a country with companies that are worldwide technology trendsetters, a booming online economy and with a wealth of highly trained security professionals," stated Jan Valcke, VASCO's President and COO. "We expect that our enhanced presence with our own staff will make us even more successful in the Brazilian market."

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