OneSpan has acquired Build38, an innovative provider of AI-based app protection and management platforms, for an undisclosed amount. This strategic move sees OneSpan, a global leader in digital identity and security, integrate Build38's cutting-edge technology to enhance its comprehensive security offerings. Build38 specializes in delivering in-app protection (app-hardening), monitoring, and app life cycle management technologies designed to safeguard iOS and Android applications and their backends from both known and unknown attacks.
The acquisition is set to create significant synergies by combining Build38's robust app protection capabilities with OneSpan's established portfolio. Build38's technology allows developers to focus on delivering business value, while its platform ensures the security of mobile applications across various industries, including automotive, banking, insurance, public transportation, and healthcare. This integration will enable OneSpan to offer a more holistic and advanced suite of security solutions, providing enhanced protection for customers' digital experiences.
By bringing Build38's expertise in application hardening and threat monitoring into its ecosystem, OneSpan aims to strengthen its position in the rapidly evolving mobile security landscape. The combined entity will be better equipped to address the increasing sophistication of cyber threats targeting mobile applications, ensuring greater peace of mind for users and organizations alike. This acquisition underscores OneSpan's commitment to delivering innovative and resilient security solutions that protect critical digital assets and transactions.
The integration of Build38's platform is expected to provide customers with streamlined security management and superior protection against emerging threats. The combined strengths of OneSpan and Build38 will enable the delivery of more secure and reliable mobile applications, fostering trust and accelerating digital transformation across diverse sectors.