OneSpan Inc. (NASDAQ: OSPN)

OneSpan Inc. operates in the cybersecurity and digital agreements sectors, providing solutions that help organizations build secure, seamless, and trusted digital experiences. The company's offerings are divided into two main portfolios: Cybersecurity and Digital Agreements. The Cybersecurity portfolio focuses on protecting identities, securing mobile apps, and safeguarding access through advanced high-assurance authentication, threat intelligence, fraud prevention, and robust mobile app protection. The Digital Agreements portfolio streamlines agreement workflows with secure e-signatures, identity verification, and smart digital forms, designed to enable speed, compliance, and exceptional customer experiences. OneSpan serves a global clientele, including more than 60% of the world's 100 largest banks, processing over 100 million digital agreements and billions of secure authentication transactions annually across more than 120 countries.

OneSpan generates revenue primarily through a subscription licensing model, offering multiple deployment options, including cloud-based and on-premises solutions. The company's solutions are sold worldwide through a direct sales force, as well as through distributors, resellers, systems integrators, and original equipment manufacturers. Key products in the Cybersecurity portfolio include Cloud Authentication, Digipass S3 Authentication Software, Mobile Security Suite, Mobile Application Shielding, Authentication Server, Authentication Suite, and Digipass Authenticators. The Digital Agreements portfolio features OneSpan Sign, OneSpan Notary, OneSpan Identity Verification, OneSpan Sign Authentication, and OneSpan Integration Platform.

• Cybersecurity: This segment consists of a broad portfolio of software products, software development kits (SDKs), and Digipass authenticator devices. The solutions are designed to defend against attacks on digital transactions across online environments, devices, and applications. Key products include Cloud Authentication, Digipass S3 Authentication Software, Mobile Security Suite, Mobile Application Shielding, Authentication Server, Authentication Suite, and Digipass Authenticators. These products cater to markets requiring high-assurance authentication, threat intelligence, fraud prevention, and mobile app protection.

• Digital Agreements: This segment includes solutions that enable clients to secure and automate business processes associated with their digital agreement and customer transaction lifecycles. Key products are OneSpan Sign, OneSpan Notary, OneSpan Identity Verification, OneSpan Sign Authentication, and OneSpan Integration Platform. These solutions cater to markets needing secure e-signatures, identity verification, and smart digital forms to streamline agreement workflows.

OneSpan holds a significant position in the cybersecurity and digital agreements industries. Key competitors include Gemalto (a subsidiary of Thales Group), RSA Security, Yubico, Docusign, and Adobe Systems. OneSpan's competitive advantages lie in its strong brand recognition, comprehensive product portfolio, and extensive global customer base. The company's solutions are designed to meet the evolving needs of organizations, particularly in the financial services sector, where security and compliance are critical. OneSpan's ability to integrate advanced technologies and adapt to market trends, such as the shift towards mobile-first authentication, further strengthens its competitive position.

OneSpan's customer base is diverse and global, with a significant focus on financial institutions, including traditional banks, credit unions, and online-only banks. The company also serves enterprise market segments, government, healthcare, and insurance industries in select regions around the world. The top 10 customers contributed 18% of the total worldwide revenue in 2025, indicating a broad and diversified client portfolio. OneSpan's solutions are trusted by leading global enterprises, underscoring its reputation for delivering secure and reliable digital experiences.