To benefit from growth sighted in the Middle East market for security software, VASCO Data Security established its new regional headquarters at Dubai Silicon Oasis that will streamline VASCO’s existing sales operation in Bahrain and reflect its growing presence in the GCC.
T. Kendall Hunt, Founder, CEO and Chairman of VASCO Data Security, said: “The Middle East remains a lucrative market for our operations. Secure online banking, e-commerce, e-government and enterprise security are our key markets, which are crucial requirements for leading enterprises based in the region. Dubai Silicon Oasis was a natural choice through its offer of an ideal environment to manage our existing relationships and nurture new ones. We are convinced that working closely with local distributors, many of who are present within DSO, will open up exciting avenues for growth.”
With a large customer base of financial institutions including Arab Bank in the UAE and Riyadh Bank in Saudi Arabia, VASCO is poised to increase its market share in the financial sector through its range of authentication solutions and services.
Dr. Juma Al Matrooshi, Executive Vice President of Business Development at Dubai Silicon Oasis Authority, said: “It is our pleasure to welcome VASCO Data Security to DSO. We are privileged that the integrated free zone technology park continues to attract leading global players planning their critical Middle East strategy. The trend motivates us to continue providing world-class amenities that serve as an enabler for meeting their business objectives.”
