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Related Party
 12 Months Ended
Dec. 31, 2021
Related Party  
Related Party

Note 20 – Related Party

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Agreements with Related Parties

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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 years ended December 31, 2021 and 2020 was $0.3 million and $0.1 million, respectively, and is included in subscription revenue. The amount receivable as of December 31, 2021 and 2020 was $0 million and $0.4 million.

The company purchases subscription SMS services 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 2020. The total amount paid to Twilio, Inc. during the year ended December 31, 2021 was $0.8 million and is included in cost of goods sold. The amount payable at December 31, 2021 was less than $0.1 million. The total amount paid to Twilio, Inc. during the year ended December 31, 2020 was $0.4 million and the amount payable at December 31, 2020 was less than $0.1 million