Privitar, a privacy-preserving data processing platform, has announced the acquisition of regulatory intelligence platform Kormoon for an undisclosed sum.
Founded in 2020, UK-based Kormoon provides a regulatory intelligence platform that analyzes the data usage behavior of companies to determine and automate necessary actions to achieve compliance with privacy regulations such as the GDPR and CCPA.
Through this acquisition, Privitar aims to use Kormoon’s repository of data privacy rules across 46 jurisdictions to automate policies in its own data provisioning platform. The company deems this repository as a “strategic asset”—something that would take it years to build on its own.
Privitar will make available Kormoon’s regulatory intelligence to users of Privitar by the end of the year, although it’s unclear whether Kormoon’s offerings will continue to be sold as a separate product in the long term.
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