A sinking ship - Anonymous employee OneSpan Employee Review

Onespan is currently a company riddled with problems and has been mismanaged into the ground over the last 5+ years. If you look at the company history you will notice that they go through a new CEO every few years, who then tries to re-invent the company, fails miserably and is replaced. This cycle repeats every few years. Growth, compensation & culture Growth at Onespan is very difficult is you're not in sales. The company is almost entirely a sales-driven company. It's not unheard of for people to get promotions without compensation increases. Onespan has been trying to find a new identity for many years now, which means the company is very unstable. At the time of this review Onespan is losing money quarterly and new layoffs are announced every quarter. Terms like restructuring, layoffs, and product end of life are going to become part of your daily vocabulary. You will be in constant fear of losing your job, not because of performance, but sheer randomness and aggressive cost-cutting. Products Onespan survives almost entirely on the legacy of VASCO Data Security, a former world leader in the authentication space. A company that had great people building great products is now reduced to selling vaporware. Their security portfolio hasn't seen improvements in over 5 years as almost all R&D budget has gone towards their eSignature products. Sadly, these products are still lagging far behind competition and are desperately trying to grab a share of DocuSign's market. Onespan tries to pretend it offers a more secure eSignature product, but most of this is smoke and mirrors and trying to use the VASCO legacy to differentiate itself. People Onespan is not a people-focused company, no matter what they try to tell you. Most of the good talent has either left or has been laid off by now. Currently, Onespan is hiring almost exclusively in sales despite their products being a complete mess and far behind competition. If you decide to join Onespan, just remember not to get too attached to your co-workers, layoffs are always just around the corner at Onespan. Management Onespan has a large number of useless middle managers and few people doing the actual work (directors without direct reports are common). On executive level, Matthew Moynahan is a very charismatic CEO, but the self-proclaimed visionary CEO can't be trusted on a word he says. Matt is fully fooled by the Web3 grift and even led the company to acquire a blockchain company in 2023, the year where VC funding into blockchain is down by 99% because everyone finally realized it's a scam. In general, Onespan has a terrible track record with acquisitions (DigiNotar, Silanis, DealFlo). That doesn't keep the person in charge of acquisitions from losing their job though. They've been around since the early days throwing cash at terrible companies.