Security Firm OneSpan Opens R&D in Montreal

Security firm from Chicago is opening a center in Montreal to do their R&D. They will be investing $9m to operate the center there.

This is on top of their existing office there where they employ 150 employees. This new addition should add another 100 hires.

Company claims to have over 10,000 clients and employs over 600 employees worldwide.

Data breaches, identity theft, and financial fraud have become all too common features of our modern digital life. OneSpan is dedicated to protecting people from financial fraud and stopping billions of dollars in losses for consumers, banks, and businesses.

Our new Montréal R&D centre and the city’s world class technical talent will play a prominent role in ensuring OneSpan remains at the forefront in preventing fraud in the global financial services industry.

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Scott Clements

Chief Executive Officer, President, and Director at OneSpan

This is a big win for Quebec government who had their share of controversy in the last few months. This shows that current Quebec government can attract foreign investment into the province.

Eric Girard, Quebec’s Minister of Finance, said that “It is essential to develop high-level expertise in personal data and information protection in Québec. Cybersecurity and data protection remain a priority of our government.”

Montreal is well known in the world for its amazing game development contribution with companies like Ubisoft and Eidos. Now they can add two more to their list: artificial intelligence and cyber security.

It is impressive to see that Montreal IT work-force has increased from 100,000 to 150,000 in less than a decade.

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