OneSpan Expands Mobile Security with Build38 Acquisition
Event summary
- OneSpan completed its acquisition of Build38 on March 2, 2026, adding mobile app protection technology to its cybersecurity portfolio.
- Build38’s SDK-based security capabilities will enhance OneSpan’s App Shielding offering with in-app, cloud, and AI-driven protections.
- The acquisition is not expected to materially affect OneSpan's full-year 2026 guidance.
- Build38 was founded in 2019 as a spin-off of Giesecke+Devrient and has attracted investments from multiple venture capital firms.
The big picture
OneSpan’s acquisition of Build38 underscores the growing importance of mobile security in the financial services sector, particularly as digital ecosystems evolve. The deal aligns with broader industry trends toward AI-driven threat intelligence and cloud-powered security solutions. With over 60% of the world’s 100 largest banks as customers, OneSpan is positioning itself to lead in securing high-value mobile channels against sophisticated attacks.
What we're watching
- Integration Challenges
- How OneSpan will integrate Build38’s technology and talent into its existing cybersecurity portfolio.
- Market Differentiation
- Whether the enhanced App Shielding capabilities will strengthen OneSpan’s position against competitors in mobile security.
- AI-Driven Security
- The pace at which AI-enabled defenses will evolve to address emerging threats, particularly AI-related risks.
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