Onespan

OneSpan, a publicly-traded information security company, specializes in digital identity verification, authentication, and secure electronic signature solutions. Founded in 1991 by T. Kendall Hunt as VASCO Data Security International, Inc., the company initially operated as a consulting and software services firm for corporate and governmental agencies. A significant milestone was the company's rebranding to OneSpan in 2018 to reflect its broader focus on securing digital agreements and transactions. The company's journey includes an initial public offering in 2000 and strategic acquisitions like Dealflo in 2018 and ProvenDB in 2023 to enhance its financial agreement automation and secure document vaulting capabilities.

The company's business model is increasingly focused on a transition from hardware-based security to higher-margin, subscription-based software and services. This strategy is reflected in its growing Annual Recurring Revenue (ARR). Revenue is generated through two primary streams: Security Solutions and Digital Agreements, with offerings sold through a direct sales force and a global network of resellers and partners. OneSpan primarily serves enterprise clients in highly regulated industries, including financial services, insurance, and government, with a significant customer base that includes over half of the top 100 global banks.

OneSpan's core offerings are designed to secure the entire digital transaction lifecycle. Key products include OneSpan Sign, an electronic signature solution for various transaction volumes, and OneSpan Cloud Authentication, a cloud-native, multi-factor authentication platform supporting biometrics, push notifications, and hardware authenticators. Additionally, its portfolio features OneSpan Identity Verification for customer onboarding, mobile app security, and advanced risk analytics to detect and prevent fraud. These solutions are built on a foundation of bank-grade security and compliance, aiming to provide a secure and frictionless user experience across all digital channels.

Keywords: digital agreements, identity verification, multi-factor authentication, e-signature, mobile security, anti-fraud platform, transaction security, cloud authentication, risk analytics, secure digital workflows, regulatory compliance, financial services security, enterprise security, digital onboarding, hardware authenticators, secure transactions, access control, cybersecurity, fraud prevention, digital transformation