OneTrust, LLC is a privacy and security software provider. The company is based in

Atlanta, Georgia Atlanta ( ) is the capital and most populous city of the U.S. state of Georgia. It is the seat of Fulton County, the most populous county in Georgia, but its territory falls in both Fulton and DeKalb counties. With a population of 498,715 ...

and was created in response to the increase in internet privacy regulation and laws. As of March 2022, OneTrust had more than 12,000 customers, and had a valuation of $5.3 billion.

History

OneTrust was founded in 2016 by Kabir Barday. Barday created OneTrust in response to business needs to comply with the European Union’s

General Data Protection Regulation The General Data Protection Regulation (GDPR) is a European Union regulation on data protection and privacy in the EU and the European Economic Area (EEA). The GDPR is an important component of EU privacy law and of human rights law, in partic ...

, a law requiring websites to ask users if they agree to have their data tracked. The company’s software provided

data mapping In computing and data management, data mapping is the process of creating data element mappings between two distinct data models. Data mapping is used as a first step for a wide variety of data integration tasks, including: * Data transformatio ...

and self-assessment tools intended to show businesses how they comply with international and domestic privacy laws. OneTrust’s initial services also included risk evaluation, consent management, breach response and

cookie A cookie is a baked or cooked snack or dessert that is typically small, flat and sweet. It usually contains flour, sugar, egg, and some type of oil, fat, or butter. It may include other ingredients such as raisins, oats, chocolate chips, n ...

compliance. After California passed the

California Consumer Privacy Act The California Consumer Privacy Act (CCPA) is a state statute intended to enhance privacy rights and consumer protection for residents of California, United States. The bill was passed by the California State Legislature and signed into law by Jer ...

in 2018, demand for privacy and security software increased, leading OneTrust to expand to offer toll-free numbers to manage consumer requests for personal data. OneTrust’s software also deploys pop-up website banners or menus asking consumers if they agreed to have their data tracked. In March 2019, OneTrust acquired London-based privacy and security regulatory research platform DataGuidance. OneTrust acquired data discovery and classification software company Integris Software in 2020. Artificial intelligence data-redaction company Docuvision was acquired by OneTrust in 2021, as well as security certification company Tugboat Logic, “whistleblowing” software company

Convercent Convercent is a Denver, Colorado-based software company that helps companies design and implement compliance programs. The company's Convercent governance, risk management and compliance (GRC) software integrates the management of corporate compli ...

, and Planetly, which helps companies manage and track carbon emissions. In May 2022, the company released an automated “trust intelligence” platform designed to ensure data security, and help companies manage and understand

governance, risk management, and compliance Governance, risk management and compliance (GRC) is the term covering an organization's approach across these three practices: governance, risk management, and compliance. The first scholarly research on GRC was published in 2007 by Scott L. Mitc ...

, privacy, ethics, and

environmental, social, and corporate governance ESG (environmental, social, and corporate governance) data reflect the negative externalities (costs to others) caused by an organization with respect to the environment, to society and to corporate governance. ESG data can be used by investor ...

programs. The company reduced its workforce by 25% in June 2022, laying off 950 employees worldwide in response to the downturn in the capital markets. As of July 2023, OneTrust had more than 14,000 customers, and had a valuation of $4.5 billion.

Products

OneTrust specializes in

business to business Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not separate ...

security, data governance, internet and privacy compliance software. As of April 2021, the company held 140 patents.

References

{{reflist Companies based in Atlanta Software companies of the United States Privately held companies based in Georgia (U.S. state)