OneTrust to Acquire Tugboat Logic Security Assurance and Certification Automation Platform
Tugboat Logic Enables Companies of All Sizes to Gain Trust and Competitive Differentiation from Certifications Such As SOC 2, ISO 27001, and more
OneTrust, the category-defining enterprise platform to operationalize trust, announced it signed a definitive agreement to acquire Tugboat Logic, a technology platform that simplifies and automates information security assurance and audit readiness for dozens of security frameworks such as ISO 27001, SOC 2, CMMC, HIPAA, and PCI DSS.
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As a part of OneTrust, Tugboat Logic will deliver a security platform companies can grow into. For smaller security teams, Tugboat Logic provides advanced automation and intelligence capabilities that help them build security programs and win business. As programs evolve, companies can mature into OneTrust’s suite of enterprise GRC solutions that reduce the overhead and inefficiencies of legacy GRC tools. OneTrust will also accelerate Tugboat Logic’s growth globally and into adjacent OneTrust offerings, including privacy, ethics and compliance, ESG, third-party risk, and data governance.
As a part of OneTrust, Tugboat Logic will deliver a security platform companies can grow into.
The GRC market is evolving beyond reactive, overly complex, and segmented approaches to quantifying and managing risk. Organizations of all sizes should have access to the competitive benefits of innovative solutions that demonstrate strong security practices. OneTrust is committed to simplified, automated, and data-driven risk management that better positions customers to demonstrate assurance, remain resilient, and improve governance throughout all stages of growth.
The planned addition of Tugboat Logic into the OneTrust portfolio adds a new entry point into the platform. Tugboat Logic helps growing companies – regardless of their size or maturity level – realize the business value and internal compliance benefits of achieving compliance standards like ISO 27001 and SOC 2. The AI-driven platform uses an automated framework to help companies from growing startups to enterprises regardless of security budgets use a simple, automated platform to gain the competitive advantage of security certifications.
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Tugboat Logic’s technology, 800 customers, and 140 employees will see increased investment as a part of OneTrust, building its solutions as a part of the community of over 10,000 OneTrust customers and 2,000 employees across 13 global offices.
“Any business that uses data is now a regulated business, and regardless of size, these companies are held to the same risk compliance and certification standards as sophisticated programs,” said Kabir Barday, OneTrust CEO. “Tugboat Logic simplifies security assurance and certification automation to help growing companies easily demonstrate why they can be trusted and give a level of assurance about their security and compliance posture. We’re excited to welcome Tugboat Logic into the OneTrust family and bring the competitive advantage of risk compliance to more companies around the globe.”
“Enterprises of all sizes will benefit from this strategic move by both Tugboat Logic and OneTrust,” said Ray Kruck, CEO and Founder of Tugboat Logic. “The combined companies will deliver the most complete security, privacy, and GRC offerings available at compelling price points and backed by world-class subject matter experts. From the beginning, our vision for security assurance was to help companies get secure, build trust, and gain a competitive advantage. We’re excited to now be able to realize that vision more fully together with OneTrust.”
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