OneTrust
 | |
| Company type | Private |
|---|---|
| Industry | Software |
| Founded | 2016 |
| Founder | Kabir Barday |
| Headquarters | Atlanta, Georgia |
Key people | Kabir Barday, Alan Dabbiere |
| Products | Privacy and security software |
| Website | www |
OneTrust, LLC is a privacy and security software provider.[1] The company is based in Atlanta, Georgia and was created in response to the increase in Internet privacy regulations.[2]
History
[edit]OneTrust was founded in 2016 by Kabir Barday.[3] The company’s software claims to assist companies in complying with international and domestic privacy laws.
The company reduced its workforce by 25% in June 2022, laying off 950 employees worldwide in response to the downturn in the capital markets.[4]
Controversy
[edit]November 2019, OneTrust patents invalidated as non-inventive, after litigation against AvePoint[5]
February 2023, OneTrust and Alan Debbiere, the Co-Chair of the OneTrust Board of Directors filed suit against founder Kabir Barday, alleging breach of fiduciary duties. [6]
Acquisitions
[edit]March 2019, London-based privacy and security regulatory research platform DataGuidance.[7]
June 2020, acquired data discovery and classification software company Integris Software in 2020.[8]
April 2021, acquired Artificial intelligence data-redaction company Docuvision, as well as security certification company Tugboat Logic, “whistleblowing” software company Convercent, and Planetly, which helps companies manage and track carbon emissions.[9]
References
[edit]- ^ McCabe, David (27 December 2021). "The Companies Benefiting From Fragmenting Internet Privacy Rules". The New York Times. Retrieved 18 April 2022.
- ^ Merken, Sara (8 March 2022). "OneTrust hires its first-ever legal and business affairs chief, from HP". Reuters. Retrieved 18 April 2022.
- ^ Castellanos, Sara (15 January 2021). "Enterprise Tech Startups Among Big Winners in Recent VC Deals". Wall Street Journal. Retrieved 19 April 2022.
- ^ Kanell, Michael (12 June 2022). "OneTrust cutting 950 jobs, cites less investor interest: Favor shifts to firms that are already profitable, CEO says". Atlanta Journal Constitution. Retrieved 18 July 2022.
- ^ Ball, Austin; Johnston, Matt (10 October 2019). "Privacy Management Patent Invalidated". Jones Day.
- ^ Armstrong, Zach (13 February 2023). "Atlanta's OneTrust CEO Sued by Co-Chair". Atlanta Business Journal. Retrieved 13 February 2023.
- ^ Saunders, Jessica (12 March 2019). "Atlanta's OneTrust acquires London-based regulatory research platform DataGuidance". Atlanta Business Journal. Retrieved 13 July 2022.
- ^ Merten, Paxtyn (29 June 2020). "Integris Software acquired, team to remain in Seattle". Puget Sound Business Journal. Retrieved 18 July 2022.
- ^ Williams, Trevor (10 December 2021). "Atlanta's OneTrust is Acquiring Planetly, a Berlin-based Carbon Management Platform for Companies". Global Atlanta. Retrieved 19 April 2022.