OneSpan Completes Acquisition of Build38

OneSpan Completes Acquisition of Build38

Client News

Related Solutions

We help companies protect data, comply with evolving regulations, and respond to investigations and litigation.
Representing FinTech clients throughout their lifecycles.
WilmerHale lawyers have decades of experience advising public and private companies in all aspects of mergers and acquisitions.

OneSpan Inc. (NASDAQ: OSPN) announced that it has completed the acquisition of Build38, a Europe-based leader in next generation mobile application protection solutions. OneSpan is a leading cybersecurity company specializing in advanced authentication, fraud prevention, and mobile app protection solutions for financial institutions and enterprises. Following receipt of regulatory approvals across multiple jurisdictions, the transaction successfully closed February 27.

With the acquisition, OneSpan has added Build38’s mobile security technology, engineering expertise, and cloud driven threat intelligence platform to its expanding cybersecurity portfolio. The integration enhances OneSpan’s App Shielding capabilities by incorporating continuous in app protection, cloud powered threat intelligence, and adaptive, AI enabled defenses. 

These expanded capabilities are expected to strengthen OneSpan’s ability to safeguard mobile channels for enterprises globally, offering deeper visibility into emerging risks and a more future ready security foundation.

WilmerHale’s cross border corporate practice advised OneSpan in the transaction. 

The WilmerHale team was led by Dr. Christian Crones and Karsten Silbernagel in Germany as well as Andrew Bonnes in the US. Dr. Oliver Fleischmann advised on FDI and antitrust matters while Dr. Golo Weidmann provided advice on employment matters.

Notice

Unless you are an existing client, before communicating with WilmerHale by e-mail (or otherwise), please read the Disclaimer referenced by this link. (The Disclaimer is also accessible from the opening of this website). As noted therein, until you have received from us a written statement that we represent you in a particular manner (an "engagement letter") you should not send to us any confidential information about any such matter. After we have undertaken representation of you concerning a matter, you will be our client, and we may thereafter exchange confidential information freely.

Thank you for your interest in WilmerHale.

I Accept Cancel