OneTrust Blog (2024)

FAQs

What does OneTrust actually do? ›

OneTrust builds the platform that simplifies trust transformation across privacy, security, and ethics – so companies big and small can collaborate seamlessly and put trust at the center of their operations and culture.

OneTrust really a trustworthy solution for Manage the Data Security and privacy management. It is very got data governance for data fir any organization.

OneTrust was founded in 2016 by Kabir Barday. Barday created OneTrust in response to business needs to comply with the European Union's General Data Protection Regulation, a law requiring websites to ask users if they agree to have their data tracked.

Barday said the Atlanta-based trust intelligence firm has already balanced growth and profitability and now plans to strengthen its financial controls and processes and recruit a majority independent board to prepare for an eventual initial public offering.

Who are OneTrust competitors? OneTrust is a popular tool that helps to manage security risks. However, it has a few limitations. If you are looking for a OneTrust alternative security compliance automation space, consider Sprinto, Hyperproof, Secureframe, or Vanta.

Kabir Barday is the Founder, CEO, and Chairman of the Board of OneTrust.

Around the world in 2024, over 56,893 companies have started using OneTrust as governance-risk-and-compliance tool. Companies using OneTrust for governance-risk-and-compliance are majorly from United States with 30,949 customers. 63.63% of OneTrust customers are from the United States.

OneTrust customers are supported by the largest and fastest growing team of dedicated privacy management technology platform professionals with 500 employees across six global offices.

Generation Investment Management joins OneTrust's existing investors, including Insight Partners, Coatue, TCV, Sands Capital, and Franklin Templeton.

Is OneTrust a good company to work for? ›

OneTrust has an employee rating of 2.9 out of 5 stars, based on 1,103 company reviews on Glassdoor which indicates that most employees have an average working experience there. The OneTrust employee rating is 22% below average for employers within the Information Technology industry (3.7 stars).

OneTrust is the largest and most widely used technology platform to operationalize privacy, security and third-party risk management.

In 2019, OneTrust became a unicorn.

It's not surprising since the company had more than $70 million in revenue in 2019 and a staggering 48,337% three-year growth rate. Barday joined Endeavor in March of 2021, meeting with founders who have been through an IPO and now run public companies.

Is OneTrust publicly traded? OneTrust remains a privately held company and cannot be accessed on major public exchanges such as NASDAQ or NYSE. Accredited investors can invest in the top private companies like OneTrust before they IPO via secondary marketplaces such as Hiive.

“OneTrust boasts an unmatched commitment to innovation with over 300 approved patents in mid-2023…” the report states.

OneTrust simplifies third-party management by enabling greater control and visibility throughout the entire third-party lifecycle, helping you effectively manage third parties across your enterprise — and embed risk management into your enterprise trust strategy.

OneTrust Cookie Consent allows your organization to do a complete discovery of the cookies, local storage, and tags that are currently being offered on your website. This provides insight into the ways in which your organization is capturing a site visitor's personal information when they browse your site.