FOR IMMEDIATE RELEASE
STOCKHOLM, SWEDEN - July 24, 2019

Versasec Expands APAC Presence

Versasec, today announced its further expansion into the Asia/Pacific region with a new office in Kuala Lumpur, Malaysia. The company also announced a new hire who will lead its sales and marketing efforts in the region. The office opening comes on the heels of Versasec being awarded a business development grant for internationalization and growth awarded by the Swedish Agency for Economic and Regional Growth, known as Tillväxtverket.

The development grant is awarded to Swedish companies, like Versasec, that are growing their businesses both inside and outside of the country. The Swedish Agency for Economic and Regional Growth has overall responsibility for regional business support and supports Sweden's various economic regions in their work.

"We are deeply honored to receive funding from Tillväxtverket., which recognizes Swedish companies with an international presence. The grant monies will go a long way in helping us grow our presence in the APAC region," said Joakim Thorén, CEO of Versasec.

In Kuala Lumpur, Chin Jien "CJ" Lau has joined Versasec, where he will lead operations as a technical consultant. Mr. Lau is highly regarded in APAC, where he has been a speaker at a variety of regional information technology and telecommunications events. At Versasec, he is educating prospective customers about Versasec solutions and their benefits. He also will provide pre-sales and post-sales technical assistance and guidance to customers and Versasec partners in the region. Additionally, his work will include supporting the Versasec professional services team with integration services and training.

Prior to joining Versasec, Mr. Lau served in a variety of technical roles in the APAC region. Most recently, he was Soliton Digital Sdn Bhd's technology evangelist. Previously, he served as a senior system application engineer at TE Connectivity, and as a technical instructor at CSC, all in Malaysia.

"With the addition of a highly seasoned professional in our new Malaysia office - CJ Lau - we are looking forward to making strong inroads into the technology security markets across the region, securing new and strengthening existing partnerships, and helping more enterprises keep their data safe from hackers," Mr. Thorén said.

About vSEC:CMS S-Series

While most companies recognize the importance of two-factor authentication (2FA) of user identities, managing their 2FA implementations with proprietary solutions in-house can be time consuming and costly. Versasec's cost-effective, easily implemented and intuitive vSEC:CMS solutions remove the barriers to true identity and access management. Versasec vSEC:CMS is optimized for deployment in large-scale projects. Existing users and other interested parties interested in downloading an evaluation copy of vSEC:CMS S-Series Version 5.5 should visit the Versasec web site at https://versasec.com.

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About Versasec

Versasec is the leading provider of state-of-the-art highly secure identity and access management solutions. With its flagship product, vSEC:CMS, Versasec eases the deployment of physical and virtual smart cards for enterprises of any size. Versasec's solutions enable its customers to securely authenticate, issue and manage user credentials more cost effectively than other solutions on the market.

Versasec maintains its mission of providing solutions that are affordable and easy to integrate, coupled with first-class support, maintenance, and training. Versasec customers include HSBC, Tieto, Raiffeisenbank, Hornbach, Daimler, Australia's Department of Defence, European Commission, Qualcomm, eBay, Saudi Aramco, IMF, L'Oreal and Cleveland Clinic Abu Dhabi. Versasec has offices in Sweden, Dubai, Singapore, the United States, the United Kingdom, France and Germany.

Versasec's products and services can be purchased and delivered worldwide through an extensive reseller network and via the Versasec web site: https://versasec.com. Follow us on Twitter (@versasec), LinkedIn (@versasec) and Facebook (@versasec). PR Contacts: For Versasec, Marianne Dempsey, Rainier Communications. Email: versasec@rainierco.com, Phone: +1 (508) 475-0025, ext. 115.