OneSpan announced Thursday (June 5) its acquisition of Nok Nok Labs, a provider of FIDO passwordless software authentication solutions.
OneSpan said joining forces with Nok Nok enables the company to provide customers worldwide with a comprehensive authentication portfolio, available on-premises or in the cloud. This combined offering now includes support for OTP, FIDO, software, and hardware solutions, such as Digipass, FIDO2 protocols, and Cronto solutions for transaction signing.
Victor Limongelli, CEO at OneSpan, described the acquisition as a “bold step toward providing customers with maximum choice in authentication.” He added that the company is evolving its entire authentication platform to include FIDO standards, believing that passwordless authentication is an important part of the future. With Nok Nok’s technology and FIDO expertise, OneSpan aims to offer a comprehensive and versatile customer authentication solution.
Phillip Dunkelberger, president and CEO at Nok Nok, noted that joining OneSpan allows them to bring their vision, rooted in open standards like FIDO, to a broader audience via OneSpan’s global reach. Andrew Shikiar, executive director and CEO of the FIDO Alliance, said Nok Nok has been a “trailblazer” in the FIDO ecosystem.
