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Drata to Acquire SafeBase, Accelerating Trust Management in Enterprise GRC

Feb 11, 2025•10 months ago

Acquiring Company

Drata

Acquired Company

SafeBase

San DiegoSan FranciscoInformation TechnologySoftware

Description

Drata, the leading Trust Management platform, has entered into a definitive agreement to acquire SafeBase, the leading Trust Center solution for the enterprise. This acquisition is aimed at integrating both companies' shared vision of being the go-to 'trust layer' between companies, driving seamless, transparent relationships with the most comprehensive Trust Management Platform.

Company Information

Company

Drata

Location

4660 La Jolla Village Drive, Suite 100

San Diego, California, United States

About

Drata says it can get companies SOC 2-compliant faster and keep them in compliance for longer by integrating with popular business tools and cloud services to get a better picture of a company’s security posture. Now with a new round of $25 million at Series A in the bank, Drata said it’s expanding its compliance platform to also include ISO 27001, another core security standard used all over the world to help companies protect their systems and safeguard data.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed