OneTrust, an Atlanta-based privacy software company valued at nearly $3 billion, has acquired Seattle startup Integris Software.
Founded in 2016, Integris helps companies manage personal information and meet compliance mandates such as the California Consumer Privacy Act (CCPA) or General Data Protection Regulation (GDPR) in Europe.
OneTrust — also founded in 2016 — is a similar, larger player in the market. It was drawn to Integris’ artificial intelligence-based technology.
OneTrust has already folded the Integris product into its OneTrust DataDiscovery offering, with the technology used for tasks such as monitoring compliance during cloud migrations and managing data governance. It will keep the company’s 20-person team intact at its existing Seattle office.
“After evaluating dozens of discovery technologies, we identified Integris Software as having best in class technology and team that will combine with OneTrust to accelerate our innovation and benefit our customers,” OneTrust CEO Kabir Barday said in a statement.
Integris CEO Kristina Bergman, previously a principal at Ignition Partners and a manager at Microsoft, co-founded Integris with Raghu Gollamudi, who is now CTO. Former CTO and co-founder Uma Raghavan moved to an advisory role; another co-founder, veteran entrepreneur Frank Martinez, is no longer with the company.
“Integris Software is excited to be a part of the OneTrust family and join the world’s leader in privacy, security, and governance,” Bergman said in a statement.
Integris raised $16 million from Workday Ventures, Madrona Venture Group, Amplify Partners and Aspect Ventures.
OneTrust raised $210 million at a $2.7 billion valuation this past February. The company — with 6,000 customers and 1,500 people employed across 12 global offices — has acquired four companies in recent years and Crunchbase reported that it planned to use the most recent round of capital to fuel additional acquisitions.
An October study found that companies could spend up to $55 billion in initial compliance costs for CCPA, which went into effect on Jan. 1.
