ClusterSeven Acquired by Mitratech: It’s About Supporting Client Success
There’s exciting news in the GRC software marketplace: on January 29, 2020, ClusterSeven was officially acquired by Mitratech, and we’re thrilled to be able to announce it.
At Mitratech, we’re a proven global technology partner for corporate compliance and legal professionals. By adding ClusterSeven’s capabilities to our existing portfolio of software solutions, we’ll now be able to offer a solutions suite that’s head-and-shoulders above what’s been previously available.
The reason behind this? There’s an acute need for GRC teams to have a full-spectrum toolkit in hand for mitigating information-based risk. With ClusterSeven as part of our product family, Mitratech can supply a set of solutions that’s truly “end-to-end.” By that, I mean that users’ capabilities in data privacy protection and information governance can extend throughout their enterprise, even into everyday operations and processes.
New capabilities for all clients
Clients of both companies will now be able to manage regulatory obligations across their various markets, analytically predict possible compliance issues, enjoy enterprise-wide oversight of all of the data, documents, content, and digital assets in their company (even those not controlled by IT), quickly and easily draft, communicate, and verify compliance with policies and procedures, and use intuitive tools to embed compliance in workflows used every day across the entire organization.
The need for more sophisticated yet easy-to-use solutions for data privacy and information governance has become immediate over the past few years. Improved tools are needed to satisfy new data privacy legislation like GDPR, the CCPA, and a confusing patchwork of statutes among U.S. states and other countries and regions. There’s also a labyrinth of financial and accountability regulation, from Sarbanes-Oxley to ARGA to SMR, arising all around the globe.
Untangling those complexities, ensuring compliance and mitigating risk is becoming far more challenging for companies. So we’re aiming to simplify it by becoming a single source for the most advanced and effective compliance solutions available from any provider, anywhere.
In service of client success
At Mitratech, we pride ourselves on being a client-centric company, ready to adapt our products and services as their needs change. It’s why we’re relied upon by 40% of the Fortune 500 and over 500,000 users in over 160 countries.
That’s also how ClusterSeven conducts itself. Both teams may develop superior software and provide amazing support, but for both, the real product that matters most is client success. Assembling a revolutionary new solutions suite, with ClusterSeven joining our tested and trusted existing risk management products, is a major step forward in delivering that success for them.