Welcome to our dedicated page for Onespan news (Ticker: OSPN), a resource for investors and traders seeking the latest updates and insights on Onespan stock.
Onespan Inc (OSPN) delivers critical IT security solutions for digital transactions and identity verification, serving global financial institutions. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments shaping cybersecurity and financial technology sectors.
Access timely announcements including quarterly earnings, product innovations, and strategic partnerships. Our curated collection features regulatory filings, technology deployments, and market analysis relevant to Onespan's role in securing digital ecosystems. Resources are organized to help stakeholders assess operational milestones and industry positioning.
For ongoing monitoring of cybersecurity trends impacting financial services, bookmark this page for direct access to Onespan's official communications and third-party analysis. Regularly updated to reflect material developments affecting digital security markets.
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OneSpan Inc. (Nasdaq: OSPN) announced a leadership change to strengthen its strategic plan and accelerate the pace of execution of the Company’s ongoing transformation. Victor Limongelli, a seasoned software CEO, has been named Interim Chief Executive Officer, replacing Matthew Moynahan. The change is effective immediately. The Board of Directors believes this is the right time for a leadership transition. Victor has a strong track record of improved operational performance at software companies. OneSpan aims to optimize across the organization and deliver better value for customers, improved opportunities for employees, and enhanced value creation for shareholders.
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OneSpan Inc. (Nasdaq: OSPN) announced the results of its modified 'Dutch auction' tender offer, accepting 2,380,952 shares of common stock at a final purchase price of $10.50 per share, totaling approximately $25.0 million. The final proration factor for the tender offer is approximately 74%, representing about 6% of the Company’s outstanding common stock as of November 9, 2023.
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OneSpan Inc. (Nasdaq: OSPN) announced preliminary results of a modified 'Dutch auction' tender offer to purchase up to $20 million of its common stock. A total of 3,155,307 shares were properly tendered, and the company expects to acquire 2,380,841 shares at a price of $10.50 per share, representing approximately 6% of the Company’s shares outstanding. The tender offer was announced on November 13, 2023, with a price range of $9.50 to $11.00.
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OneSpan (NASDAQ: OSPN) launches new partner network program to expand portfolio with high-assurance identity proofing, authentication, and e-signature solutions, offering financial incentives, training, and certification.
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OneSpan Inc. (NASDAQ: OSPN) to participate in upcoming virtual investor conferences
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OneSpan (NASDAQ: OSPN) introduces DIGIPASS FX1 BIO, a cutting-edge physical passkey with fingerprint scan, providing passwordless authentication and robust security for remote workforces. The product addresses the rising data breaches and the need for user-friendly workforce authentication. According to Gartner, by 2025, over 50% of the workforce and 20% of customer authentication transactions will be passwordless. DIGIPASS FX1 BIO offers unparalleled security, simplified user experience, protection against social engineering attacks, increased efficiency, future readiness, and compliance assistance.
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OneSpan Inc. (Nasdaq: OSPN) Announces Commencement of Modified Dutch Auction Tender Offer to Repurchase Common Stock
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OneSpan Inc. (Nasdaq: OSPN) reported third quarter revenue growth of 3% to $58.8 million, with a 18% increase in subscription revenue. The company also announced a modified 'Dutch auction' tender offer to repurchase approximately $20 million of its common stock. Key financial results include a 10% year-over-year increase in Annual Recurring Revenue (ARR) to $149.8 million, and a Net Retention Rate (NRR) of 108%. The company expects revenue to be in the range of $228 million to $232 million for the full year 2023, with a target of low to mid-single digit revenue growth for the full year 2024.
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OneSpan announces sponsorship of the Aspen Cyber Summit, where cybersecurity experts and industry leaders will discuss challenges of the digital age. OneSpan's CEO, Matthew Moynahan, will lead discussions on cybersecurity, trust, and digital transactions.
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OneSpan (NASDAQ: OSPN) has announced a new capability to its e-signature solution, OneSpan Sign, called Trust Vault. Trust Vault combines digital signatures with blockchain technology to safeguard the provenance of documents against emerging security threats. It provides long-term evidence of the authenticity of valuable agreements and transactions, ensuring their integrity and viability throughout their lifetime. Trust Vault is a decentralized digital storage solution that serves all industries and helps organizations meet compliance, regulatory, and chain of custody requirements.
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Onespan Inc
Nasdaq:OSPN
OSPN Rankings
OSPN Stock Data
547.82M
35.67M
6.7%
92.77%
4.2%
Software - Infrastructure
Services-computer Integrated Systems Design
United States
BOSTON