OneSpan (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]
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 Digipass 250, branded RaboDirect
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 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.[21][22][23][24][25]
OneSpan
On May 30, 2018, Vasco changed its name to OneSpan.[26] 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.[27]
Technology
Identity Verification: validate ID documents and consumer identities via third-party identity and verification services through a single API integration[28]
Authentication: authenticate users and transactions using a range of multi-factor authentication services, including hardware & software tokens and biometric capabilities[29]
Risk Analytics: analyze mobile, app and transaction data, in real-time, to detect fraud[30]
Mobile App Security: detect and mitigate malicious mobile app attacks before they can do damage[31]
E-Signature: enable customers to e-sign on any device, while strengthening compliance[32]
Services are delivered through OneSpan's open, cloud-based Trusted Identity (TID) platform[28]
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