DFIN Acquires Guardum, Strengthening Global Data Privacy and Redaction Capabilities

Rhea-AI Summary

Donnelley Financial Solutions (NYSE: DFIN) announced the acquisition of Guardum, a data security and privacy software provider, on December 13, 2021. This strategic move enhances DFIN's software portfolio by improving data security, regulatory compliance, and data accuracy. Guardum's tools enable faster data localization and redaction, crucial for meeting stringent regulations like CCPA and GDPR. The integration aims to reduce compliance costs, improve efficiency by up to 93%, and bolster security measures. DFIN's president highlighted the acquisition as pivotal in addressing current challenges in regulatory compliance.

Positive

• Acquisition of Guardum strengthens DFIN's software solutions portfolio.
• Improves data security and regulatory compliance capabilities.
• Enhances efficiency with data processing up to 93% faster.
• Cost reduction in operational compliance and processes.
• High scalability and ease of integration with existing applications.

Negative

• None.

CHICAGO and LONDON, Dec. 13, 2021 /PRNewswire/ -- Donnelley Financial Solutions (NYSE: DFIN), a leading risk and compliance company, today announced it has acquired Guardum, a leading data security and privacy software provider that helps companies locate, secure, and control data. The acquisition strengthens DFIN's software solutions portfolio by making data security a competitive differentiator, enhancing regulatory compliance, safeguarding privacy, and improving data accuracy.

Working together, we will develop software solutions that will help lower compliance spending and mitigate risk

Guardum helps to solve one of the most pressing data problems companies face today: quickly locating personal information — in many languages — among vast stores of corporate data, implementing an agile workflow across data governance and GRC, and redacting that information either temporarily or permanently. 

A Powerful Combination
One of Guardum's strengths is its ability to examine semi-structured and unstructured data in native document format — eliminating the need to convert files. This is extremely useful during the due diligence phase of an acquisition. DFIN's Venue virtual data room, with Guardum's privacy tools, allows companies to meet global deal regulations and confidentially accelerate transactions by safeguarding critical documents and market sensitive information, tax data, employee personal data, and more.

In addition, regulations and guidelines involving personal data are becoming more stringent. The California Consumer Privacy Act (CCPA) and General Data Protection Regulations ((EU) 2016/679 GDPR) are two examples of government regulations that have increased the burden on many companies. As global regulators continue to create and modify data compliance rules, the need for data security will only increase.

"DFIN's industry-leading software solutions address the most challenging regulatory and compliance issues that companies face," said Craig Clay, president of Global Capital Markets at DFIN. "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."

"DFIN has a stellar reputation for providing the highest quality software solutions that help companies tackle their risk and compliance needs," said Rob Westmacott, co-founder at Guardum. "Working together, we will develop software solutions that will help lower overall compliance spending and significantly mitigate risk for organizations throughout the globe."

Eliminating the need for manual review processes allows executives to focus on higher priority aspects of any transaction. Businesses can now benefit from the following:

• Speed and Efficiency: Up to 93 percent faster in helping to find and redact data (versus manual)
• Cost Reduction: Improved operational compliance, process, and efficiencies
• Scale: Eases the burden on Information Technology departments since the technology is highly scalable, easy to use, and integrates with other applications
• Enhanced Security: Enhanced overall security extending beyond general-purpose discovery or classification tools

These capabilities and benefits are a top priority for executives responsible for mergers and acquisitions; data protection officers; and compliance and legal experts; as well as human resources; security; and environmental, social, and governance (ESG) teams. More information can be found at https://www.dfinsolutions.com/solutions/data-protect.

About Donnelley Financial Solutions (DFIN)
DFIN is a leading global risk and compliance solutions company. We provide domain expertise, enterprise software and data analytics for every stage of our clients' business and investment lifecycles. Markets fluctuate, regulations evolve, technology advances, and through it all, DFIN delivers confidence with the right solutions in moments that matter. Learn about DFIN's end-to-end risk and compliance solutions online at DFINsolutions.com or you can also follow us on Twitter @DFINSolutions or on LinkedIn.

 

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SOURCE Donnelley Financial Solutions

FAQ

What is the purpose of DFIN's acquisition of Guardum?

The acquisition aims to enhance DFIN's data security and privacy software capabilities, improving regulatory compliance and data accuracy.

How does the acquisition impact DFIN's software solutions?

It broadens DFIN's software portfolio, making data security a competitive differentiator and addressing complex regulatory challenges.

What are the expected benefits of the Guardum acquisition for DFIN?

The expected benefits include improved operational efficiencies, faster data processing, and reduced compliance costs.

When was the acquisition of Guardum by DFIN announced?

The acquisition was announced on December 13, 2021.

What regulations increase the need for data security that DFIN is addressing?

Regulations such as the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR) increase the need for robust data security solutions.