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OneTrust
American software company From Wikipedia, the free encyclopedia
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OneTrust is an American technology company headquartered in Atlanta, Georgia. It develops software for privacy, security, data governance, and responsible AI management.[2]
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History
OneTrust was founded in 2016 by Kabir Barday in Atlanta, Georgia, initially focusing on software to help organizations comply with emerging global privacy laws such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA).[3]
The company expanded its product offerings and entered adjacent markets such as third-party risk and security assurance through acquisitions. It also attracted investment to support international expansion and development of new tools related to compliance automation and data governance.[citation needed]
In June 2022, OneTrust laid off approximately 950 employees, or 25% of its workforce, citing changing investor priorities and market conditions.[4]
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Acquisitions
OneTrust has acquired several companies to expand its software offerings:
- March 2019: DataGuidance, a UK-based regulatory intelligence platform.[5]
- June 2020: Integris Software, focused on data discovery and classification.[6]
- April 2021: Docuvision (AI redaction), Tugboat Logic (security compliance), Convercent (ethics and whistleblowing), and Planetly (carbon tracking).[7][better source needed]
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References
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