VASCO announces licensing agreement with Shiva to co-develop security solutions.LOMBARD, Ill.--(BUSINESS WIRE)--Jan. 14, 1997--VASCO Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : VASC VASC Virginia Air and Space Center VASC Vision and Autonomous Systems Center VASC VeriFone Authorized Service Contractor VASC Voice and Access Systems Certification (Sprint) VASC Versatile Assign Signature Checking ) today announced that it has entered into a co-development partnership with Shiva Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SHVA SHVA Satellite Home Viewer Act of 1988 ). The agreement calls for VASCO to license the Shiva AccessManager(TM) and for Shiva to integrate support for VASCO's hard tokens into its Shiva AccessManager. The Shiva AccessManager security server supports all recognized remote access protocols, including RADIUS, TACACS (Terminal Access Controller Access Control System) An access control protocol used to authenticate a user logging into the network. TACACS is a simple username/password system. , XTACACS See TACACS. and TACACS+. Targeted at large enterprises that require high-level network access security, the AccessManager, available immediately from Shiva, the leader in remote access technology, provides a centralized, flexible and cost-effective solution for managing network access. VASCO's AccessKey(TM), a one-time password (security) One-Time Password - (OTP) A security system that requires a new password every time a user authenticates themselves, thus protecting against an intruder replaying an intercepted password. OTP generates passwords using either the MD4 or MD5 hashing algorithms. token device, provides superior authentication and authorization security over static passwords by addressing the issue of who has access to corporate computer networks, the Internet, intranets and virtual private network applications. In separate announcements made today, VASCO reported the immediate availability of its VACMan(TM) (VASCO Access Control Manager) product line, and Shiva announced that the Shiva AccessManager will now support all VASCO one-time password devices (AccessKey II, Digipass(TM) and the AuthentiCard(TM)) "We set out to be the number one manufacturer of security tokens, and, through our own growth coupled with our acquisitions in Europe, we achieved that goal with over 1.5 million tokens shipped to date." said John Haggard, President, VASCO Data Security, Inc. "Today, VASCO has entered the software business and our goal, working with Shiva, is to become the number one supplier of security server software. To reach that goal, we at VASCO will be concentrating on hardware authentication device development and on turning any and all platforms and/or applications into RADIUS security clients. Complementing this strategy, Shiva will focus on supporting all recognized remote access protocols and will promote the adoption of RADIUS as the IETF See Internet Engineering Task Force. IETF - Internet Engineering Task Force standard. "Strategically," Haggard continued, "we see this partnership as a critical step for both VASCO and Shiva. Combining Shiva's expertise in support of recognized remote access protocols and VASCO's expertise in advanced authentication is a perfect partnering of our two companies' strengths." "When our customers use Shiva AccessManager and VASCO tokens together, they are getting a unique solution which has th4 ability to positively authenticate the identity of users through the generation of one-time dynamic passwords," said Peter Howells, Vice President of the Shiva Network Services Division. "This combination is seamless to users and gives network managers increased options for securing centralized information and resources." About VASCO VASCO Corp., headquartered in Lombard, IL, and its foreign and domestic subsidiaries offer information security technologies which enable critical client applications designed to achieve corporate initiatives and improve profitability. Since initiating its strategy in 1986, VASCO Corp., through strategic acquisitions and internal growth, has become a leader in computer security authentication devices, with over 1.5 million units shipped to date. The Company's computer security subsidiaries include VASCO Data Security, Inc., headquartered in Lombard, IL, as well as VASCO Data Security nv/sa of Brussels, Belgium. VASCO's patented and proprietary hardware and software security products provide computer security, Advanced Authentication Technology and RSA/DES encryption for financial institutions, industry and government. Additional information is available on the World Wide Web at http://www.vasco.com . AccessKey, AuthentiCard, Digipass and VACMan are trademarks of VASCO Data Security Inc. Other trademarks and service marks belong to their respective holders. Standard & Poor's CORPORATION RECORDS provides coverage on VASCO Corp. (OTCBB Symbol: VASC). About Shiva NSD NSD Nairobi sheep disease. Shiva Network Services Division, headquartered in Bedford, MA, delivers a comprehensive range of remote access consultancy and deployment services geared toward helping users work more productively at remote and central sites. Shiva NSD markets its range of services globally through a channel of authorized business partners. Founded in 1985, Shiva Corporation (NASDAQ:SHVA) is a global, full-line provider of remote access solutions, systems and services. Its products enable users and user sites at enterprises of all sizes to connect with corporate information resources, on-line services and the Internet. Shiva offers a full range of award-winning, analog and digital remote access and communications servers. With partnerships that include Hewlett-Packard (NYSE NYSE See: New York Stock Exchange :HWP HWP Height (and) Weight Proportionate HWP Half-Wave Plate HWP Highway Patrol HWP Height Weight Proportional HWP Hewlett-Packard Corporation (stock symbol) HWP Hydrolyzed Whey Peptides ), IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) (NYSE:IBM), Microsoft (NASDAQ:MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ), Motorola (NYSE:MOT), Netscape (NASDAQ:NSCP NSCP National Schistosomiasis Control Program NSCP National Space Communications Program NSCP Native (Mode) Service Control Point (Tandem) ), and Nortel (NYSE:NT), Shiva hardware and software are marketed by many of the world's leading computer and communications equipment manufacturers and telecommunications companies. The company is based in Bedford, Massachusetts , with offices worldwide and a corporate R&D and manufacturing center in Edinburgh, U.K. Shiva and LanRover are registered trademarks of Shiva Corporation. All other trademarks belong to their respective companies. CONTACT: Geltzer & Company, Inc. Michael Brazukas, 212/575-1976 mbrazukas@geltzerpr.com or VASCO Corp. Ken Hunt, 630/932-8844 voice 630/495-0279 fax http://www.vasco.com tkh@vasco.com 800/290-7215 Fax on Demand |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion