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      "text": "Underfollowed transition story with attractive Software growth driving significant margin expansion; Exceptionally strong customer base with trusted relationships; New cloud-based platform enables significant cross-sell opportunity; Criticality of technology very high relative to small company size; Large Total Addressable Market (\"TAM\"); Highly strategic asset at forefront of identity & mobile cybersecurity; Deeply undervalued relative to peers",
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      "text": "Source: Company Presentation (Investor Day, 12/4/19), Legion Partners' Estimates",
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      "text": "We believe OSPN stock has tremendous valuation potential",
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      "text": "Why Did We Invest in OneSpan?",
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