VASCO Data Security International is changing its name and expanding its business. The company is now called OneSpan, and it has acquired an e-signature specialist.
OneSpan’s major flagship offering moving forward will be its Trusted Identity, or “TID”, platform. It isn’t entirely new, comprising its existing portfolio of fraud detection and authentication solutions such as its selfie-based DIGIPASS mobile authentication system. But in its rebranding the platform has been endowed with a new capability – behavioral biometrics. Dubbed “Intelligent Adaptive Authentication”, the feature is designed to assess user behavior across devices and mobile apps and scores that data to offer an extra layer of security.
Meanwhile, OneSpan has acquired London-based Dealflo for £41 million in cash. Specializing primarily in e-signature and digital contract solutions, Dealflo was already a OneSpan partner before the deal, supporting the company’s eSignLive service (now rebranded “OneSpan Sign”); and in a statement announcing the acquisition, OneSpan asserted that over half of Dealflo’s customers were already also customers of OneSpan.
Commenting on the acquisition, OneSpan CEO Scott Clements said it “will enable us to grow our subscription revenue”, adding, “Dealflo’s technology will be a major differentiator for our eSignLive solution.” Clements also suggested that the acquisition’s timing with respect to the overall rebranding and TID platform launch is no coincidence, asserting, “Dealflo’s identity verification capabilities will allow us to accelerate the launch of our TID platform based onboarding, identity and anti-fraud solutions.”
June 1, 2018 – by Alex Perala