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Related Party | 12 Months Ended
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Dec. 31, 2020
Related Party |
Related Party | Note 20 – Related Party ​ Agreements with Related Parties ​ The Company entered into an agreement to provide e-signature and secure agreement automation services to Cox Automotive in the fourth quarter of 2020. Marianne Johnson is an Executive Vice President and the Chief Product Officer at Cox Automotive. Ms. Johnson has served on the OneSpan Board of Directors since March 2020. The amount of revenue recognized for e-signature and secure agreement automation services during the year ended December 31, 2020 was $0.1 million, and is included in subscription revenue. The amount receivable as of December 31, 2020 was $0.4 million. In the fourth quarter of 2020, the Company expanded the scope of its agreement for subscription SMS services purchased from Twilio, Inc. Marc Boroditsky is the Chief Revenue Officer of Twilio, Inc. and has a direct ownership interest in Twilio, Inc. Mr. Boroditsky has served on the OneSpan Board of Directors since June 2019. The Company has entered into various immaterial agreements to purchase SMS services from Twilio, Inc. prior to 2020. The total amount paid to Twilio, Inc. during the year ended December 31, 2020 was $0.4 million and is included in cost of goods sold. The amount payable at December 31, 2020 was less than $0.1 million.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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