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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                        ---------------------------------


                                    FORM 8-K
                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): August 11, 2004

                         Commission File Number 0-21511


                                V-ONE CORPORATION
                                -----------------
                           (Exact name of registrant)


                DELAWARE                               52-1953278
                --------                               ----------
        (State of incorporation)          (I.R.S. Employer Identification No.)

           20300 CENTURY BLVD., SUITE 200, GERMANTOWN, MARYLAND 20874
           ----------------------------------------------------------
              (Address of principal executive offices and zip code)


                                 (301) 515-5200
                                 --------------
                         (Registrant's telephone number)









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Item 5. OTHER EVENTS AND REGULATION FD DISCLOSURE.

      On August 11, 2004, V-ONE Corporation,  a Delaware corporation  ("V-ONE"),
issued a press release announcing that it had entered into an Agreement and Plan
of  Merger  (the  "Merger   Agreement")  among  SteelCloud,   Inc.,  a  Virginia
corporation  ("SteelCloud"),  SCLD Acquisition Corp., a Delaware corporation and
wholly-owned  subsidiary of SteelCloud  ("Merger Sub"), and V-ONE. In accordance
with the Merger Agreement,  at the effective time of the merger, Merger Sub will
merge with and into V-ONE and V-ONE will  become a  wholly-owned  subsidiary  of
SteelCloud.

      A copy of the Merger  Agreement  is  attached  hereto as Exhibit 2.1 and a
copy of the  press  release  is  attached  hereto as  Exhibit  99.1 and both are
incorporated  herein by reference.  This summary is qualified in its entirety by
reference to the exhibits attached hereto.


ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

(c)   Exhibits.

      2.1   Agreement and Plan of Merger dated August 11, 2004

      99.1  Press release dated August 11, 2004


SAFE HARBOR  STATEMENT  UNDER THE PRIVATE  SECURITIES  LITIGATION  REFORM ACT OF
1995:

      This  document  may contain  statements,  estimates  or  projections  that
constitute "forward-looking" statements as defined under U.S. federal securities
laws.   Generally  the  words   "believe,"   "expect,"   "intend,"   "estimate,"
"anticipate," "project," "will" and similar expressions identify forward-looking
statements,  which  generally  are not  historical  in nature.  By their nature,
forward-looking  statements  are subject to risks and  uncertainties  that could
cause actual results to differ materially from our historical experience and our
present expectations or projections. A list and description of some of the risks
and  uncertainties  can be found in our reports  filed with the  Securities  and
Exchange  Commission  from time to time,  including  our annual  reports on Form
10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. You should
not place undue reliance on forward-looking  statements,  which speak only as of
the date they are made.  Except to the  extent  otherwise  required  by  federal
securities  laws,  we  do  not  undertake  to  publicly  update  or  revise  any
forward-looking statements.






                                   SIGNATURES

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                          V-ONE CORPORATION

Dated:  August 11, 2004              By:  /S/ Margaret E. Grayson
                                          --------------------------------------
                                          Margaret E. Grayson
                                          President and Chief Executive Officer