Vasco Data Security, a leading software security company specializing in authentication products, is opening an office in Bahrain as part of its efforts to boost presence in the Middle East.

The establishment of this new legal entity Vasco Data Security Middle East (SPC), a wholly owned subsidiary of Vasco Data Security in the Kingdom is in line with the company’s three-step strategy in building up a market presence, said a senior official.

Vasco’s business strategy consists of building a local market presence in the banking sector by winning a number of large customers.

"Once the presence in banking has been established, Vasco will enter the enterprise security market with solutions for securing remote access and application security. Finally, once the enterprise security is maturing, Vasco hires local employees, establishes partnerships with local distributors and opens a local office," said Jan Valcke, president and COO at Vasco Data Security.

The new subsidiary will be responsible for sales and support for the Middle-East. The local team reports to Vasco operational headquarters in Wemmel, Belgium. The office will be located at Al Jasrah Tower Building, Diplomatic Area, Manama.

“Vasco already has several customers in the Middle East, among others Arab Bank in the UAE and Riyad Bank in Saudi Arabia. We already work together with local distributors, among other FVC in Dubai and we are convinced that our local presence will provide us with further growth opportunities,” he added.

Vasco is a leading supplier of strong authentication and e-signature solutions and services specializing in Internet Security applications and transactions.-TradeArabia News Service