UST Global acquires ComplyUSA to boost privacy and compliance offerings
US-based technology firm UST Global has acquired ComplyUSA, a comprehensive compliance assessment and privacy automation platform.
ComplyUSA claims to be at the forefront of the customer data privacy and compliance movement.
The implementation of the General Data Protection Regulation (GDPR) and California Consumer Privacy Act of 2018 (CCPA), both aims to strongly protect individuals about their personal data and apply to businesses that collect, use or share consumer data, whether the information was obtained online or offline.
ComplyUSA will integrate into UST Global’s privacy and compliance suite of offerings, with existing tools like Ctrl-Data, data discovery and comprehensive assessment solution, as well as a subject access request (SAR) automation. The companies did not disclose the financial details of the deal.
“Privacy laws are now in a state of flux both at the state level and at a federal level causing a significant ‘known unknown’ impact on our clients. Automation is critical to effectively manage varying SAR workloads. ComplyUSA is a complete automation led solution that assists companies not only in managing privacy compliance but also in unlocking the value of customer data by building trust,” said Niranjan Ramsunder, Chief Technology Officer, UST Global in a statement released by the company.
This is the second acquisition of the California-based technology firm this year. Earlier, in October, the firm announced the acquisition of the information technology consulting firm SCM Accelerators, as part of a major growth initiative to lead their SAP business.
Founded in 1998, UST Global provides advanced computing and digital services to large private and public enterprises around the world. Its clients include companies in banking and financial services, insurance, healthcare, retail, manufacturing, shipping, technology, semi-conductor and telecom.
“With UST’s global presence and focus on innovation, and ComplyUSA’s expertise in consumer privacy, we can offer large-scale enterprises with a unique managed service offering that combines high-quality consumer experience with a cost-efficient outcome-based pricing model,” said Scott Hines of ComplyUSA.
UST Global has operations in Thiruvananthapuram, Kerala and recently inaugurated a new office space in Kochi’s World Trade Centre building. It claims to have around 15,000 associates across India.