OneTrust

Last updated
OneTrust, LLC
Company type Private
Industry Software
Founded2016;8 years ago (2016)
FounderKabir Barday
Headquarters Atlanta, Georgia
Key people
Kabir Barday, Alan Dabbiere
ProductsPrivacy and security software
Website www.onetrust.com

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]

Contents

History

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

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

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]

Related Research Articles

Pretty Good Privacy (PGP) is an encryption program that provides cryptographic privacy and authentication for data communication. PGP is used for signing, encrypting, and decrypting texts, e-mails, files, directories, and whole disk partitions and to increase the security of e-mail communications. Phil Zimmermann developed PGP in 1991.

<span class="mw-page-title-main">BlackBerry Limited</span> Canadian technology company

BlackBerry Limited is a Canadian software company specializing in cybersecurity. Founded in 1984, it developed the BlackBerry brand of interactive pagers, smartphones, and tablets. The company transitioned to providing software and services and holds critical software application patents.

<span class="mw-page-title-main">Gen Digital</span> Multinational software company

Gen Digital Inc. is a multinational software company co-headquartered in Tempe, Arizona and Prague, Czech Republic. The company provides cybersecurity software and services. Gen is a Fortune 500 company and a member of the S&P 500 stock-market index. The company also has development centers in Pune, Chennai and Bangalore. Its portfolio includes Norton, Avast, LifeLock, Avira, AVG, ReputationDefender, and CCleaner.

<span class="mw-page-title-main">Synopsys</span> American software company

Synopsys, Inc. is an American electronic design automation (EDA) company headquartered in Sunnyvale, California, that focuses on silicon design and verification, silicon intellectual property and software security and quality. Synopsys supplies tools and services to the semiconductor design and manufacturing industry. Products include tools for logic synthesis and physical design of integrated circuits, simulators for development, and debugging environments that assist in the design of the logic for chips and computer systems. As of 2023, the company is a component of the Nasdaq-100 and S&P 500 indices.

<span class="mw-page-title-main">Trend Micro</span> Japanese multinational cyber security company

Trend Micro Inc. is an American-Japanese cyber security software company. The company has globally dispersed R&D in 16 locations across every continent excluding Antarctica. The company develops enterprise security software for servers, containers, and cloud computing environments, networks, and end points. Its cloud and virtualization security products provide automated security for customers of VMware, Amazon AWS, Microsoft Azure, and Google Cloud Platform.

<span class="mw-page-title-main">Baker Hughes</span> Energy technology company

Baker Hughes Company is a global energy technology company co-headquartered in Houston, Texas and London, UK. As one of the world's largest oil field services, industrial and energy technology companies, it provides products and services to the oil and gas industry for exploration and production, as well as other energy and industrial applications. It operates in over 120 countries, with facilities in Australia, Brazil, Singapore, Malaysia, India, Dubai, Saudi Arabia, Italy, Germany, Norway, the United Kingdom and the United States.

<span class="mw-page-title-main">Motorola Solutions</span> American data communications and telecommunications equipment provider

Motorola Solutions, Inc. is an American technology, communications, and security company, headquartered in Chicago, Illinois. It is the legal successor of Motorola, Inc., following the spinoff of the mobile phone division into Motorola Mobility in 2011.

Intertrust Technologies Corporation is a software technology company specializing in trusted distributed computing. Intertrust’s product lines consist of a DataOps platform, Application protection and Content protection solutions. Much of Intertrust's digital rights management (DRM) business is based on the Marlin DRM technology, which Intertrust founded along with four consumer electronics companies: Sony, Panasonic, Philips, and Samsung.

Persistent Systems is an Indian multinational technology services company based in Pune. It is primarily engaged in cloud computing, internet of things, endpoint security, big data analytics and software product engineering services.

<span class="mw-page-title-main">Broadcom</span> American semiconductor company

Broadcom Inc. is an American multinational designer, developer, manufacturer, and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom's product offerings serve the data center, networking, software, broadband, wireless, storage, and industrial markets. As of 2023, some 79 percent of Broadcom's revenue came from its semiconductor-based products and 21 percent from its infrastructure software products and services.

<span class="mw-page-title-main">Intercontinental Exchange</span> American exchange and clearing house company

Intercontinental Exchange, Inc. (ICE) is an American multinational financial services company formed in 2000 that operates global financial exchanges and clearing houses and provides mortgage technology, data and listing services. Listed on the Fortune 500, S&P 500, and Russell 1000, the company owns exchanges for financial and commodity markets, and operates 12 regulated exchanges and marketplaces. This includes ICE futures exchanges in the United States, Canada, and Europe; the Liffe futures exchanges in Europe; the New York Stock Exchange; equity options exchanges; and OTC energy, credit, and equity markets.

<span class="mw-page-title-main">TIBCO Software</span> American enterprise software company

TIBCO Software Inc. is a business unit of Cloud Software Group that provides enterprise software. It has headquarters in Palo Alto and offices in North America, Europe, Asia, the Middle East, Africa and South America.

<span class="mw-page-title-main">Entrust</span> American digital security company

Entrust Corp., formerly Entrust Datacard, provides software and hardware used to issue financial cards, e-passport production, user authentication for those looking to access secure networks or conduct financial transactions, trust certificated for websites, mobile credentials, and connected devices. The privately-held company is based in Shakopee, Minnesota and employs more than 2,500 people globally.

<span class="mw-page-title-main">Qlik</span> Software company whose main products are QlikView and Qlik Sense

Qlik [pronounced "klik"] provides a data integration, analytics, and artificial intelligence platform. The software company was founded in 1993 in Lund, Sweden and is now based in King of Prussia, Pennsylvania, United States. Thoma Bravo made the company private in 2016.

<span class="mw-page-title-main">Telogis</span>

Telogis was a privately-held US-based company that develops location-based software to manage mobile resources. Telogis sold software as a service (SaaS) which incorporated location information into applications for fleet owners as well as geospatial software development toolkits.

<span class="mw-page-title-main">Digital Realty</span> American data center provider

Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation and interconnection services.

<span class="mw-page-title-main">DigiCert</span> Internet security company

DigiCert, Inc. is a digital security company headquartered in Lehi, Utah. DigiCert provides public key infrastructure (PKI) and validation required for issuing digital certificates or TLS/SSL certificates, acting as a certificate authority (CA) and trusted third party.

HyTrust, an Entrust company, is an American company. It specialized in security, compliance and control software for the virtualization of information technology infrastructure. The company was founded in 2007 and is based in Mountain View, California. Entrust Corp. acquired it in January 2021.

<span class="mw-page-title-main">Clarivate</span> American analytics company

Clarivate Plc is a British-American publicly traded analytics company that operates a collection of subscription-based services, in the areas of bibliometrics and scientometrics; business / market intelligence, and competitive profiling for pharmacy and biotech, patents, and regulatory compliance; trademark protection, and domain and brand protection. In the academy and the scientific community, Clarivate is known for being the company that calculates the impact factor, using data from its Web of Science product family, that also includes services/applications such as Publons, EndNote, EndNote Click, and ScholarOne. Its other product families are Cortellis, DRG, CPA Global, Derwent, CompuMark, and Darts-ip, and also the various ProQuest products and services.

Zscaler, Inc. is an American cloud security company based in San Jose, California. The company offers cloud-based services to protect enterprise networks and data.

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.