May 4, 2021

OneSpan Reports Results for First Quarter 2021; Reaffirms Full Year 2021 Guidance

CHICAGO–(BUSINESS WIRE)–OneSpan Inc. (NASDAQ: OSPN), the global leader in securing remote banking transactions, today reported financial results for the first quarter ended March 31, 2021. “ARR continued to grow rapidly at 29% as we shift to a recurring revenue-led business model. ARR specific to subscription and term-based contracts grew in excess of 50%, and a record 87% of our software and services bookings and revenues were recurring,” stated OneSpan CEO, Scott Clements. “We have made tre

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