Business Update: OneTrust to acquire ethics and compliance leader Convercent

OneTrust have announced they have signed a definitive agreement to acquire ethics and compliance software leader Convercent. The news adds on their deep investments in building the technology platform of trust, bringing together teams across privacy, security, ethics and compliance, data governance, GRC, third-party risk, and ESG into a unified platform to make trust a competitive advantage.

Convercent’s leading cloud ethics platform, 750 customers, 150 employees, and global CONVERGE user community will see an influx of investment from OneTrust as a part of their global base of 8,000 customers and 1,500 employees.

Building the Technology Fabric of Trust

Major changes over the last several years have made trust and transparency more critical than ever. Massive amounts of personal data collection and processing, major advancements in AI and personalization, and customer demand to work with companies they trust all add to these market shifts.

Businesses are taking notice, and shifting traditional governance and compliance programs into trust programs, and how trust can be a competitive advantage. Building trust, however, cannot be managed within one department or function. It takes privacy, security, ethics and compliance, data governance, GRC, third-party risk, and ESG to align and work together to build business outcomes.

That’s what OneTrust have built. The single, agile platform that brings together all the components that make a company trusted. OneTrust take away the complexity of managing trust across departmental silos with agile workflows, centralized policies, and unified user experiences to operationalize trust and make it a competitive differentiator.

Ethics & Compliance Software Leader Convercent

Bringing Convercent into the OneTrust platform will add key ethics and compliance functionality into the OneTrust platform of trust.

More than 750 companies use Convercent’s cloud ethics and compliance solutions to drive ethics into the center of business. Some of the most innovative ethics and compliance programs, such as Airbnb, Under Armour, Kimberly-Clark, and TimeWarner, leverage Convercent’s whistleblowing, policy management, disclosure management, analytics and benchmarking, and learning technology applications across the business.

Better Together: OneTrust and Convercent

With OneTrust and Convercent coming together, customers don’t have to compromise when it comes to centralizing on a platform of trust. Business functions across privacy, ethics, and compliance, security, data governance, GRC, third-party risk, and ESG all get to use an innovative platform that makes trust a competitive differentiator.

Hear it from one of their joint customers, Kurt Drake, the Chief Ethics & Compliance Officer at Kimberly-Clark.

“Kimberly-Clark is continuously focused on improving our integrity culture, because building trust with our employees, consumers, and stakeholders provides a competitive advantage. A key component of that focus is having centralized programs and platforms that provide metrics and insights in delivering better results and value for our customers and stakeholders. As customers of both Convercent and OneTrust, there is strategic value in bringing the two platforms together, allowing the integration of metrics and reporting, which drives further insights and value for Kimberly-Clark.” 

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