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OneTrust

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American software company
OneTrust, LLC
Company typePrivate
IndustrySoftware
Founded2016; 9 years ago (2016)
FounderKabir Barday
HeadquartersAtlanta, Georgia
Key peopleKabir Barday, Alan Dabbiere
ProductsPrivacy and security software
Websitewww.onetrust.com

OneTrust, LLC is a privacy and security software provider. The company is based in Atlanta, Georgia and was created in response to the increase in Internet privacy regulations.

History

OneTrust was founded in 2016 by Kabir Barday. 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.

Controversy

November 2019, OneTrust patents invalidated as non-inventive, after litigation against AvePoint

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.

Acquisitions

March 2019, London-based privacy and security regulatory research platform DataGuidance.

June 2020, acquired data discovery and classification software company Integris Software in 2020.

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.

References

  1. McCabe, David (27 December 2021). "The Companies Benefiting From Fragmenting Internet Privacy Rules". The New York Times. Retrieved 18 April 2022.
  2. Merken, Sara (8 March 2022). "OneTrust hires its first-ever legal and business affairs chief, from HP". Reuters. Retrieved 18 April 2022.
  3. Castellanos, Sara (15 January 2021). "Enterprise Tech Startups Among Big Winners in Recent VC Deals". Wall Street Journal. Retrieved 19 April 2022.
  4. 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.
  5. Ball, Austin; Johnston, Matt (10 October 2019). "Privacy Management Patent Invalidated". Jones Day.
  6. Armstrong, Zach (13 February 2023). "Atlanta's OneTrust CEO Sued by Co-Chair". Atlanta Business Journal. Retrieved 13 February 2023.
  7. Saunders, Jessica (12 March 2019). "Atlanta's OneTrust acquires London-based regulatory research platform DataGuidance". Atlanta Business Journal. Retrieved 13 July 2022.
  8. Merten, Paxtyn (29 June 2020). "Integris Software acquired, team to remain in Seattle". Puget Sound Business Journal. Retrieved 18 July 2022.
  9. 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.
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