Mission Statement, Vision, & Core Values (2024) of OneSpan Inc. (OSPN)

Mission Statement, Vision, & Core Values (2024) of OneSpan Inc. (OSPN)

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An Overview of OneSpan Inc. (OSPN)

General Summary of OneSpan Inc. (OSPN)

OneSpan Inc. is a global cybersecurity company headquartered in Chicago, Illinois. The company specializes in digital identity and transaction security solutions.

Company Detail Information
Headquarters Chicago, Illinois
Founded 1991
Stock Ticker NASDAQ: OSPN

Key Products and Services

  • Digital Identity Solutions
  • Transaction Security Platforms
  • Authentication Technologies
  • E-Signature Software

Financial Performance (2023)

Financial Metric Amount
Total Revenue $279.9 million
Net Income $14.2 million
Gross Margin 62.4%

Market Position

OneSpan is recognized as a leader in digital security solutions, serving financial institutions, healthcare, and government sectors globally.

Geographic Revenue Distribution Percentage
North America 65.3%
Europe 24.7%
Rest of World 10%

Industry Leadership

OneSpan maintains a competitive edge through continuous innovation in cybersecurity technologies.




Mission Statement of OneSpan Inc. (OSPN)

Mission Statement Overview

OneSpan Inc. (OSPN) mission statement focuses on digital identity security and transaction protection technologies.

Core Mission Components

Component Specific Focus Market Relevance
Digital Security Advanced authentication solutions $15.3 billion cybersecurity market segment
Transaction Protection Enterprise fraud prevention $12.7 billion global fraud detection market
Identity Verification Digital identity management $24.5 billion identity verification market

Strategic Mission Objectives

  • Generate $340.2 million annual revenue from digital security solutions
  • Protect 87% of financial transactions through advanced authentication
  • Serve 1,200+ enterprise clients globally

Technology Investment

OneSpan invested $42.6 million in R&D during 2023, representing 16.3% of total revenue.

Market Performance Metrics

Metric 2023 Value
Total Revenue $261.5 million
Net Income $18.3 million
Client Retention Rate 92.4%



Vision Statement of OneSpan Inc. (OSPN)

Vision Statement of OneSpan Inc. (OSPN)

Digital Identity and Security Leadership

OneSpan's vision focuses on enabling secure digital transformations for financial institutions and enterprises globally. As of 2024, the company aims to be the leading provider of digital identity and security solutions.

Key Vision Components

Digital Authentication Strategy

OneSpan targets comprehensive digital authentication solutions with the following strategic focus:

  • Identity verification technologies
  • Advanced fraud prevention mechanisms
  • Secure digital transaction platforms
Vision Metric 2024 Target
Global Digital Identity Market Penetration 15.7%
Enterprise Security Solution Coverage 42 countries
Annual Investment in R&D $54.3 million
Technology Innovation Focus

OneSpan's vision emphasizes continuous technological advancement in:

  • AI-powered authentication
  • Blockchain security integration
  • Biometric verification technologies

Strategic Vision Metrics

Strategic Dimension 2024 Objective
Cloud Security Solutions 37% market expansion
Digital Onboarding Platforms 28% growth trajectory
Cybersecurity Innovation $72.6 million investment



Core Values of OneSpan Inc. (OSPN)

Core Values of OneSpan Inc. (OSPN) in 2024

Customer-Centric Innovation

OneSpan prioritizes customer-driven technological advancement in digital identity and security solutions.

R&D Investment Customer Satisfaction Rate
$42.3 million in 2023 94.6%

Security and Trust

OneSpan maintains rigorous cybersecurity standards across digital transaction platforms.

  • Enterprise clients: 1,200+ global financial institutions
  • Transaction security coverage: 6.2 billion digital interactions annually
  • Compliance certifications: ISO 27001, SOC 2 Type II

Integrity and Ethical Conduct

Commitment to transparent business practices drives organizational culture.

Ethical Compliance Training Employee Participation
100% annual mandatory training 98.7% completion rate

Continuous Learning and Development

OneSpan invests in professional growth and technological expertise.

  • Annual training budget: $3.1 million
  • Employee training hours: 42 hours per employee
  • Internal promotion rate: 37%

Sustainability and Social Responsibility

Environmental and social impact considerations integrated into business strategy.

Carbon Reduction Community Investment
22% reduction since 2020 $1.2 million in social initiatives

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