The Quercus team, led by Andrew Clegg and Kevin Walkinshaw, advised the Board of CPP (DataGuidance), an in-depth and up-to-date privacy and security research platform, on the sale of the company to OneTrust.
OneTrust offers a dedicated privacy management technology platform used by more than 2,500 customers to implement their privacy, security and third-party risk programs, automatically generating the specific record keeping needed to demonstrate compliance with privacy regulations including GDPR, California Consumer Privacy Act (CCPA) and Brazil LGPD.
The deal will enable DataGuidance to access additional expertise in the provision of privacy management solutions, and accelerate sales growth and geographic expansion.
Financial details have not been disclosed.
Andrew Clegg, Quercus Partner said:
“DataGuidance is a special business and we have enjoyed working with the team on this important deal. The privacy intelligence and data market is particularly active at present given the increasing focus on personal data and privacy and we anticipate further M&A activity. OneTrust represents an excellent fit for DataGuidance; they have an ambitious growth strategy and their sales experience and financial strength provide the support necessary to take the business to the next level.”
Alasdair Douglas, Chairman of DataGuidance added:
“We are very grateful to the Quercus team for their support. Andy and Kevin guided us through the sale process very professionally, providing strategic advice, pragmatic solutions and first-rate execution capability throughout.”