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Drata to Acquire SafeBase in $250 Million Deal

Security and compliance automation solutions provider Drata announced on Tuesday that it has entered into a definitive agreement to acquire SafeBase, a company known for its trust center platform. SecurityWeek has been told that Drata is acquiring SafeBase in a $250 million deal. Drata, which was valued at $2 billion after raising $200 million in Series C funding in 2022, has developed a cloud-based platform designed to help organizations find and fix compliance issues. The platform can streamli...

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