DFIN Acquires Guardum, Strengthening Global Data Privacy and Redaction Capabilities
Thursday, December 16, 2021
Guardum's data intelligence platform helps to reduce risk, decrease costs, and enable corporations to identify and protect enterprise data quickly and efficiently
CHICAGO and LONDON, Dec. 13, 2021 /PRNewswire/ -- Donnelley Financial Solutions (NYSE: DFIN), a leading risk and compliance company, today announced it has acquired Guardum, a leading data security and privacy software provider that helps companies locate, secure, and control data. The acquisition strengthens DFIN's software solutions portfolio by making data security a competitive differentiator, enhancing regulatory compliance, safeguarding privacy, and improving data accuracy.
Guardum helps to solve one of the most pressing data problems companies face today: quickly locating personal information -- in many languages -- among vast stores of corporate data, implementing an agile workflow across data governance and GRC, and redacting that information either temporarily or permanently.
A Powerful Combination
One of Guardum's strengths is its ability to examine semi-structured and unstructured data in native document format -- eliminating the need to convert files. This is extremely useful during the due diligence phase of an acquisition. DFIN's Venue virtual data room, with Guardum's privacy tools, allows companies to meet global deal regulations and confidentially accelerate transactions by safeguarding critical documents and market sensitive information, tax data, employee personal data, and more.
In addition, regulations and guidelines involving personal data are becoming more stringent. The California Consumer Privacy Act (CCPA) and General Data Protection Regulations ((EU) 2016/679 GDPR) are two examples of government regulations that have increased the burden on many companies. As global regulators continue to create and modify data compliance rules, the need for data security will only increase.
"DFIN's industry-leading software solutions address the most challenging regulatory and compliance issues that companies face," said Craig Clay, president of Global Capital Markets at DFIN. "Incorporating Guardum's data security and public information technology into our platform creates privacy intelligence by identifying and protecting our clients' sensitive data, automating time-consuming processes, and reducing the risk of exposing sensitive data to comply with the growing number of privacy regulations in an ever-changing digital world."
"DFIN has a stellar reputation for providing the highest quality software solutions that help companies tackle their risk and compliance needs," said Rob Westmacott, co-founder at Guardum. "Working together, we will develop software solutions that will help lower overall compliance spending and significantly mitigate risk for organizations throughout the globe."
Eliminating the need for manual review processes allows executives to focus on higher priority aspects of any transaction. Businesses can now benefit from the following:
-- Speed and Efficiency: Up to 93 percent faster in helping to find and
redact data (versus manual)
-- Cost Reduction: Improved operational compliance, process, and
efficiencies
-- Scale: Eases the burden on Information Technology departments since the
technology is highly scalable, easy to use, and integrates with other
applications
-- Enhanced Security: Enhanced overall security extending beyond
general-purpose discovery or classification tools
These capabilities and benefits are a top priority for executives responsible for mergers and acquisitions; data protection officers; and compliance and legal experts; as well as human resources; security; and environmental, social, and governance (ESG) teams. More information can be found at https://www.dfinsolutions.com/solutions/data-protect.
About Donnelley Financial Solutions (DFIN)
DFIN is a leading global risk and compliance solutions company. We provide domain expertise, enterprise software and data analytics for every stage of our clients' business and investment lifecycles. Markets fluctuate, regulations evolve, technology advances, and through it all, DFIN delivers confidence with the right solutions in moments that matter. Learn about DFIN's end-to-end risk and compliance solutions online at DFINsolutions.com or you can also follow us on Twitter @DFINSolutions or on LinkedIn.
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SOURCE Donnelley Financial Solutions
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