OneSpan Appoints Identity Expert Ashish Jain as CTO

Rhea-AI Summary

OneSpan (NASDAQ: OSPN) has appointed Ashish Jain as Chief Technology Officer (CTO). Jain, recognized as a top digital identity expert, will lead OneSpan's global engineering organization and execute the company's innovation strategy. He brings over 20 years of experience, most recently serving as Chief Product Officer at Arkose Labs. Previously, he led eBay's identity engineering team, supporting 180+ million customers, and served as Vice President of Workspace ONE at VMware. Jain was recently named to Okta Ventures' inaugural 'The Identity 25' list for his contributions to identity security. He holds a Bachelor of Engineering from BITS, Pilani, and an MBA from the University of Denver.

Positive

• Appointment of industry-recognized digital identity expert as CTO
• Executive brings significant experience from major tech companies (eBay, VMware)
• Recent recognition on Okta Ventures' 'The Identity 25' list demonstrates industry leadership

Negative

• None.

Accomplished Technology Executive Joins OneSpan to Drive Next Phase of Innovation

BOSTON--(BUSINESS WIRE)-- OneSpan Inc. (NASDAQ: OSPN), a leader in securing digital banking transactions and eSignatures, today announced the appointment of Ashish Jain as Chief Technology Officer (CTO). Mr. Jain will lead OneSpan’s global engineering organization, partner with senior leaders to set and execute the company’s innovation vision and strategy and oversee the development and delivery of OneSpan’s security and digital agreements products and services.

Widely regarded as one of the top digital identity experts in the industry, Mr. Jain brings over two decades of experience leading product management, engineering, and operations teams at global organizations. Most recently, Mr. Jain served as the Chief Product Officer at Arkose Labs, an enterprise fraud management and account security company, where he led the development of the Company's bot mitigation platform to help address consumer fraud and identity challenges for many Fortune 1000 companies.

Prior to his role at Arkose Labs, Mr. Jain served as Head of Identity at eBay, where he led the global engineering team to build the identity, risk, and trust platform to support onboarding, authentication, KYC, fraud and abuse protection for 180+ million eBay customers and third-party developers. Before joining eBay, Mr. Jain was the Vice President of Workspace ONE at VMware, where he spearheaded the development and patenting of a solution that integrated identity and mobile device management, one of the core tenets of Zero Trust Security. Earlier this year, Okta Ventures recognized Mr. Jain for his long-standing contributions and innovations in the identity security industry, earning a spot on the inaugural “The Identity 25” list, honoring pioneers shaping the future of digital identity. Mr. Jain received a Bachelor of Engineering degree from BITS, Pilani, India, and a Master of Business Administration from the University of Denver’s Daniels College of Business.

“The security industry is at a critical crossroads, where innovation is not just a differentiator but a necessity,” said Victor Limongelli, CEO of OneSpan. “We are thrilled to welcome Ashish to our leadership team. His deep expertise in digital identity, security, and consumer fraud domains, and his visionary approach to tackling today’s most pressing security challenges, is invaluable as we continue to innovate and strengthen our offerings.”

“Joining OneSpan is an incredible opportunity to shape the next chapter of identity and security innovation,” said Jain. “I’ve been passionate about solving complex identity challenges, and I’m excited to bring that passion to OneSpan, which shares my commitment to creating innovative solutions that secure and enhance the digital experiences of tomorrow.”

About OneSpan

OneSpan provides security, identity, electronic signature, and digital workflow solutions that protect and facilitate digital transactions and agreements. The Company delivers products and services that automate and secure customer-facing and revenue-generating business processes for use cases ranging from simple transactions to workflows that are complex or require higher levels of security. Trusted by global blue-chip enterprises, including more than 60% of the world’s 100 largest banks, OneSpan processes millions of digital agreements and billions of transactions in 100+ countries annually.

For more information, go to www.onespan.com. You can also follow @OneSpan on X (Twitter) or visit us on LinkedIn and Facebook.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of applicable U.S. securities laws, including statements reflecting expectations regarding our future product innovations or general performance. Forward-looking statements may be identified by words such as "seek", "believe", "plan", "estimate", "anticipate", “expect", "intend", “target", continue", "outlook", "may", "will", "should", "could", or "might", and other similar expressions. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. Factors that could materially affect our business and financial results include those described in the “Risk Factors” section of our most recent Annual Report on Form 10-K, as updated by the “Risk Factors” sections of our subsequent Quarterly Reports on Form 10-Q. Our filings with the Securities and Exchange Commission and other important information can be found in the Investor Relations section of our website at investors.onespan.com. We do not have any intent, and disclaim any obligation, to update the forward-looking information to reflect events that occur, circumstances that exist or changes in our expectations after the date of this press release, except as required by law.

Copyright© 2024 OneSpan North America Inc., all rights reserved. OneSpan™ is a registered or unregistered trademark of OneSpan North America Inc. or its affiliates in the U.S. and other countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241218318565/en/

Media contact:

Nicole Bosgraaf

Director, Global PR and Social Media

+1-401-219-2131

nicole.bosgraaf@onespan.com

Investor contact:

Joe Maxa

Vice President of Investor Relations

+1-312-766-4009

joe.maxa@onespan.com

Source: OneSpan Inc.

FAQ

Who is the new CTO of OneSpan (OSPN) and what is his background?

Ashish Jain is OneSpan's new CTO, bringing over 20 years of experience in digital identity and security. He previously served as Chief Product Officer at Arkose Labs and led identity engineering at eBay, managing solutions for 180+ million customers.

What are Ashish Jain's main responsibilities as OneSpan's (OSPN) new CTO?

As OneSpan's CTO, Ashish Jain will lead the global engineering organization, execute the company's innovation strategy, and oversee the development of security and digital agreements products and services.

What notable achievements does OneSpan's (OSPN) new CTO have in the identity security field?

Ashish Jain was recently named to Okta Ventures' inaugural 'The Identity 25' list for his innovations in identity security, and he developed and patented a Zero Trust Security solution at VMware integrating identity and mobile device management.

How does OneSpan's (OSPN) new CTO appointment align with the company's strategy?

The appointment aligns with OneSpan's focus on innovation in security and digital banking transactions, with CEO Victor Limongelli stating that innovation is 'not just a differentiator but a necessity' in the current security industry landscape.