TrustArc has announced the acquisition of fellow privacy technology provider Nymity, as the San Francisco-based firm looks to drive the development of next-generation, tech-driven privacy products.
The move will see Nymity’s line of products integrated into the TrustArc platform, with its Privacy Management Accountability Framework aligned with TrustArc’s own Privacy and Data Governance Framework.
As a result, organisations now have access to an integrated suite of accountability, risk and compliance products that address records of processing and data inventories, assessments, as well as data subject rights management.
This freshly-combined pool of industry expertise and intelligent technology represents the “ideal approach” to meeting growing data privacy requirements around the world, TrustArc said.
“Our vision in coming together as one company is to deliver fresh, novel approaches to enable organisations of any size, sector, or region to drive value for customers, employees and shareholders,” said Chris Babel, TrustArc CEO.
Since 2002, the Toronto-based Nymity has built a reputation for delivering robust practical privacy research and accountability products for organisations around the world - including its globally-recognised accountability framework embedded into its offerings.
By acquiring the provider, TrustArc said it is further establishing Canada as a key development centre, with operations now based out of Toronto and Vancouver. The pair are also combining operations in Europe to further support businesses in GDPR compliance, as well as complex regional and cross-border obligations.
“Nymity is thrilled to become part of the TrustArc team. Together, our organisations can deliver unmatched privacy insights that drive a simple, visionary approach to data privacy and compliance,” commented Terry McQuay, president and founder of Nymity.
“We will continue to offer customers the Nymity and TrustArc solutions and services as we work to align our organisations and powerful platforms and frameworks.”
Financial terms of the takeover were not disclosed.
