Enterprise technology platform company OneTrust announced today an agreement to acquire ethics and compliance cloud software provider Convercent, adding to its suite of trust-based solutions.
The Convercent Ethics Cloud Platform is used by more than 750 enterprise customers, including Airbnb, Under Armour, Kimberly-Clark, and TimeWarner, to manage their complex and advanced global ethics programs. Capabilities encompass whistleblowing, policy management, disclosure management, analytics and benchmarking, and learning.
Patrick Quinlan, CEO, Convercent, said:
“At Convercent, we passionately believe that driving ethics to the center of business can build a better world. Becoming a part of OneTrust is a natural fit. Just as ethics programs must exist within all functions of a business, ethics and compliance programs too are more effective as a part of a broader trust framework. We’re delivering on this greater vision with OneTrust. We’re grateful to the Convercent community of employees, customers, partners, and families, who have worked alongside us, and now as a part of OneTrust we can deliver for our community faster and bolder than ever before.”
The agreement comes shortly after the launch by OneTrust of its ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. solution, OneTrust ESG, aimed at enabling companies to power their ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. programs, including identifying internal and supplier risk, understanding compliance gaps, setting sustainability goals, leveraging ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. frameworks, and building and exporting reports.
Kabir Barday, OneTrust CEO, said:
“Convercent brings innovative ethics and compliance customer programs into the OneTrust platform. The technology fits seamlessly into the OneTrust platform, and our vision to build trust as the technology fabric within an organization. We’re excited to welcome Convercent’s team of experts, customers, and CONVERGE community into the OneTrust family and work together to make trust a competitive advantage.”
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