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Drata Acquires SafeBase for $250 Million

security and compliance

•

18 hours ago

Summary

Drata acquires SafeBase for $250M, expanding its trust management offerings. The acquisition brings together two customer-obsessed companies focused on delivering tools enterprises need to succeed. Drata aims to create a seamless ecosystem of trust, governance, risk, and compliance solutions.

Key Points

The acquisition combines Drata's security compliance automation platform with SafeBase's software security review capabilities to provide customers with a comprehensive trust management solution.
SafeBase's AI-powered security questionnaire solution will be integrated into Drata's platform to enable automated security questionnaires and streamline the process for organizations.
Drata aims to create a seamless ecosystem of trust, governance, risk, and compliance solutions to help enterprises build and scale trust, unlock growth, and achieve success.

Why It Matters

The acquisition highlights the growing importance of trust management in enterprise governance, risk, and compliance. The combined capabilities of Drata and SafeBase will enable organizations to streamline their security questionnaires and focus on building trust with stakeholders.

Author

Kyle Wiggers

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