Drata Acquires SafeBase to Strengthen GRC Portfolio

Summary: Drata, a trust management platform provider, has announced its acquisition of SafeBase to enhance vendor risk management and streamline security reviews. Valued at approximately 0 million, the deal aims to integrate Drata’s compliance automation with SafeBase’s security questionnaire capabilities. This move comes amid rising regulatory pressures and increased reliance on AI tools, as the companies strive to establish a comprehensive Trust Management Platform.

Affected: Drata and SafeBase

Keypoints :

• Drata and SafeBase aim to create a comprehensive Trust Management Platform.
• The acquisition is expected to close by the end of the month, valued at around 0 million.
• SafeBase significantly reduces the time needed to complete security questionnaires, potentially by up to 98%.
• SafeBase has prominent customers, including CrowdStrike, LinkedIn, and T-Mobile.
• Increased market demand is driven by stricter regulations and a growing dependence on technology.