OneSpan
American cybersecurity technology company From Wikipedia, the free encyclopedia
OneSpan Inc. (formerly Vasco Data Security International, Inc.) is a publicly traded cybersecurity technology company based in Boston, Massachusetts, with offices in Montreal, Brussels and Zurich. The company offers a cloud-based and open-architected anti-fraud platform and is historically known for its multi-factor authentication and electronic signature software.[2][3]
 | This article contains promotional content. (May 2019) |
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| Formerly | Vasco Data Security International, Inc. |
|---|---|
| Company type | Public |
| |
| Industry | |
| Founded | 1984 |
| Founder | T. Kendall Hunt |
| Headquarters | Boston, Massachusetts, U.S. |
Key people | T. Kendall Hunt (chairman) Victor Limongelli (CEO) |
| Revenue | $193.3 million (2017) |
| $6.2 million[citation needed] (2017) | |
| $22.9 million[citation needed] (2017) | |
| Total assets | $337 million[citation needed] (2017) |
Number of employees | 613 (2016[1]) |
| Website | onespan |
It was founded by T. Kendall Hunt in 1991 and held its initial public offering (IPO) in January 2000. OneSpan is a member of the FIDO Alliance Board.[4][5]
History
Summarize
Perspective
In 1984, T. Kendall Hunt founded Vasco as a consulting and software services company for corporate and governmental agencies. In 1991, the company acquired ThumbScan, which claimed to have the first fingerprint reader device for a computer.[6][7]
In 1993, the company was renamed Vasco Data Security International and expanded its offerings to include data security. Vasco was incorporated in 1997 and held its initial public offering in January 2000.[8]
Vasco started developing its Digipass technology in the early 2000s. The company marketed the technology internationally in Belgium. In 2009, Vasco announced that Digipass two-factor authentication was available in the App Store for iPhone and iPod Touch. Forbes recognized Vasco on its list of "America's Fastest-Growing Tech Companies" that year.[9][10][11]
In 2006, Vasco acquired LOGiCO Smart Card Solutions, a privately-owned company located in Austria offering smart card–based authentication and PKI solutions.[12]
In January 2011, Vasco acquired DigiNotar, a Dutch certificate authority.[13] In June 2011, DigiNotar was hacked and started issuing false security certificates. When the news broke, all issued certificates were cancelled and the company went bankrupt.[14]
In 2013, Vasco announced its acquisition of the Cambridge-based technology company Cronto.[15] The patented CrontoSign solution uses specialized color bar codes, so-called Cronto Visual Cryptograms (or photoTAN), to mitigate MITB Trojan malware.[16]
The company established its international headquarters at Dubai Silicon Oasis in 2012. Vasco announced that it would lower EMEA channel entry for VARs at that time. It became a member of the Fast IDentity Online (FIDO) Alliance in June 2014 and was later recognized by Gartner's Magic Quadrant for User Authentication.[17][18][19][20]
In 2014, the company acquired Risk IDS, Ltd., a provider of risk-based authentication solutions to the global banking community. By 2015, IDENTIKEY Risk Manager (IRM) was released as a comprehensive risk management solution to improve the methods and speed of organizations to detect fraud.[21]
In October 2015, Vasco acquired Silanis Technology, a Canadian document e-signature company, for US$113 million. By early 2016, the company's cloud electronic signature software, eSignLive, was updated to include integration with Salesforce. Vasco announced a face recognition authentication feature for Digipass in May 2016. The company has partnerships with financial institutions including HSBC Bank USA, Fedict, Rabobank, Arab Bank and Riyadh Bank.[22][23][24][25][26]
OneSpan
On May 30, 2018, Vasco changed its name to OneSpan.[27] It now trades under the ticker symbol OSPN.
In May 2018, the company acquired Dealflo, a UK and Canada-based financial agreement automation software company, for GB£41 million.[28]
In January 2023, OneSpan announced to acquire ProvenDB, an Australia-based startup that delivers secure storage and vaulting for documents based on blockchain technology.[29]
Technology
- Identity Verification: validate ID documents and consumer identities via third-party identity and verification services through a single API integration[30]
- Authentication: authenticate users and transactions using a range of multi-factor authentication services, including hardware & software tokens and biometric capabilities[31]
- Risk Analytics: analyze mobile, app and transaction data, in real-time, to detect fraud[32]
- Mobile App Security: detect and mitigate malicious mobile app attacks before they can do damage[33]
- E-Signature: enable customers to e-sign on any device, while strengthening compliance[34]
Services are delivered through OneSpan's open, cloud-based Trusted Identity (TID) platform[30]
References
External links
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