INSUBCONTINENT EXCLUSIVE:
GDPR, and the newer California Consumer Privacy Act, have given a legal bite to ongoing developments in online privacy and data protection:
organizations navigate those rules is announcing a huge round of funding
OneTrust, which builds tools to help companies navigate data protection and privacy policies both internally and with its customers, has
capitalization and backing sends a signal to the market and in particular to larger organizations of its stability and staying
power.Currently, OneTrust has around 3,000 customers across 100 countries (and 1,000 employees), and the plan will be to continue to expand
its reach geographically and to more businesses
own IP in the area of privacy protection.OneTrust offers technology and services covering three different aspects of data protection and
privacy management.Its Privacy Management Software helps an organization manage how it collects data, and it generates compliance reports in
line with how a site is working relative to different jurisdictions
Then there is the famous (or infamous) service that lets internet users set their preferences for how they want their data to be handled on
The third is a larger database and risk management platform that assesses how various third-party services (for example advertising
providers) work on a site and where they might pose data protection risks.These are all provided either as a cloud-based software as a
service, or an on-premises solution, depending on the customer in question.The startup also has an interesting backstory that sheds some
light on how it was founded and how it identified the gap in the market relatively early.Alan Dabbiere, who is the co-chairman of OneTrust,
would come on to help the new startup grow.Airwatch made a relatively quick exit, I pointed out
His response: the plan is to stay the course at OneTrust, with a lot more room for expansion in this market
of view, that essentially presents 1,000 business opportunities.Indeed, there is obvious growth potential to expand not just its funnel of
recently fined breach at British Airways), as well as tools to help stop that once identified.While there are a million other companies also
tailwinds around GDPR and the upcoming CCPA make this an opportune time for growth
