Donnelly Financial Solutions (NYSE: DFIN), a risk and compliance company, has acquired Guardum, a data security and privacy software provider.
The deal strengthens DFIN’s software services portfolio by making data security a competitive differentiator, enhancing regulatory compliance and improving data accuracy. Guardum assists data companies with quickly locating personal information among vast stores of corporate data.
Guardum examines semi-structured and unstructured data in native document format, removing the need to convert files. The combined firm with DFIN’s venue virtual data room will allow customers to meet global regulations and accelerate transactions by safeguarding critical documents.
“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,” commented Craig Clay, president of global capital markets at DFIN.