OneSpan (formerly Vasco Data Security International, Inc.) is a publicly traded

cybersecurity Computer security, cybersecurity (cyber security), or information technology security (IT security) is the protection of computer systems and networks from attack by malicious actors that may result in unauthorized information disclosure, t ...

technology company based in

Chicago, Illinois (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name ...

with offices in

Montreal Montreal ( ; officially Montréal, ) is the List of the largest municipalities in Canada by population, second-most populous city in Canada and List of towns in Quebec, most populous city in the Provinces and territories of Canada, Canadian ...

Brussels Brussels (french: Bruxelles or ; nl, Brussel ), officially the Brussels-Capital Region (All text and all but one graphic show the English name as Brussels-Capital Region.) (french: link=no, Région de Bruxelles-Capitale; nl, link=no, Bruss ...

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 An electronic signature, or e-signature, is data that is logically associated with other data and which is used by the signatory to sign the associated data. This type of signature has the same legal standing as a handwritten signature as long as i ...

software. It was founded by T. Kendall Hunt in 1991 and held its

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

(IPO) in January 2000. OneSpan is a member of the FIDO Alliance Board.

History

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. 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. Vasco Digipass 250, branded Rabobank-6688

Vasco Digipass 250, branded Rabobank-6688

Vasco started developing its Digipass technology in the early 2000s. The company marketed the technology internationally in

Belgium Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to th ...

. In 2009, Vasco announced that Digipass two-factor authentication was available in the

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for iPhone and

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. ''

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'' recognized Vasco on its list of "America's Fastest-Growing Tech Companies" that year. In January 2011, Vasco acquired

DigiNotar DigiNotar was a Dutch certificate authority owned by VASCO Data Security International, Inc. On September 3, 2011, after it had become clear that a security breach had resulted in the fraudulent issuing of certificates, the Dutch government to ...

, a Dutch certificate authority. In June 2011, DigiNotar was hacked and started issuing false security certificates. When the news broke, all issued certificates cancelled and the company went bankrupt. The company established its international headquarters at

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in 2012. Vasco announced that it would lower

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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. In October 2015, Vasco acquired Silanis Technology, a Canadian document e-signature company, for $113 million. By early 2016, the company's cloud electronic signature software, eSignLive, was updated to include integration with

Salesforce Salesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides customer relationship management (CRM) software and applications focused on sales, customer service, marketing automation, a ...

. Vasco announced a face recognition authentication feature for Digipass in May 2016. The company has partnerships with financial institutions including

HSBC Bank USA HSBC Bank USA, National Association, an American subsidiary of multinational company HSBC, is a bank with its operational head office in New York City and its nominal head office in McLean, Virginia (as designated on its charter). HSBC Bank USA ...

, Fedict,

Rabobank Rabobank (; full name: ''Coöperatieve Rabobank U.A.'') is a Dutch multinational banking and financial services company headquartered in Utrecht, Netherlands. The group comprises 89 local Dutch Rabobanks (2019), a central organisation (Raboban ...

Arab Bank Arab Bank is one of the largest financial institutions in the Middle East, founded in 1930 in Jerusalem, Mandatory Palestine, as the first private sector financial institution in the Arab world. Headquartered today in Amman, Jordan, it serves cl ...

and Riyadh Bank.

OneSpan

On May 30, 2018, Vasco changed its name to OneSpan. 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 GBP 41 million.

Technology

* Identity Verification: validate ID documents and consumer identities via third-party identity and verification services through a single API integration.Vasco Data Security Changes Name To OneSpan, Pays $55M For Identity Verification Vendor
/ref> * Authentication: authenticate users and transactions using a range of multi-factor authentication services, including hardware & software tokens and biometric capabilities * Risk Analytics: analyze mobile, app and transaction data, in real-time, to detect fraud * Mobile App Security: detect and mitigate malicious mobile app attacks before they can do damage * E-Signature: enable customers to e-sign on any device, while strengthening compliance
/ref> Services are delivered through OneSpan's open, cloud-based Trusted Identity (TID) platform.

References

External links

* *{{Official website, https://www.onespan.com/ Oakbrook Terrace, Illinois Technology companies established in 1984 Computer security companies Companies based in DuPage County, Illinois Companies listed on the Nasdaq 1984 establishments in Illinois