Editor's Note: This story is part of Atlanta Business Chronicle's Pacesetter Awards, a series where we recognize the fastest-growing private companies in metro Atlanta. OneTrust LLC is the fastest-growing company in the technology category.
OneTrust LLC, the fourth overall fastest-growing company in 2022 and the fastest growing in the tech category, has been on a solid trajectory over the last year.
“I see it accelerating, which is hard to do at scale,” said Tim McAdam, general partner at TCV, an investor that led OneTrust’s $300 million Series C funding round in 2020. “These guys are defying physics right now and with very high-quality customers, too.”
OneTrust has 12,000 customers across the globe, serving 80% of the Fortune 100, CEO Kabir Barday said. Its customers are also diverse in size.
“The thing that’s been interesting about this business,” McAdam said, “is that the software that the company has built is universally applicable, so it’s not like it’s just targeted at big companies or just targeted at small companies. All companies who are doing business online have to abide by rules and regulations.”
OneTrust is the fastest-growing software company ever in the TCV portfolio, McAdam said.
Sandy Springs-based OneTrust has more than 3,000 employees; 1,000 are in Atlanta. Its goals are measured with two bottom lines, said Barday: its impact on people and the planet, and its financial success.
Pacesetter Awards: Technology
OneTrust LLC
Principal: CEO Kabir Barday
Founded: 2016
Headquarters: Sandy Springs
“The overarching kind of business initiative that we’re working toward is creating, defining and owning an entirely new category of enterprise software called trust management that’s all around helping companies do good for people and the planet, and having that be a globally ubiquitous mission-critical infrastructure of every company around the world,” Barday said.
OneTrust acquired five companies last year to expand its portfolio of offerings. “Some of those include things like ethics and culture, and the importance of that associated with trust; carbon and [Environmental, Social and Governance] platforms for companies to help be more transparent with their carbon consumption, their [Diversity, Equity, and Inclusion] initiatives, their social responsibility initiatives, all these kinds of things. We really expanded a lot in the breadth of what we do holistically,” said Chief Strategy Officer Blake Brannon.
Barday said growing the company as a first-time founder and CEO, and dealing with a pandemic along the way, “has been extremely challenging and at the same time, incredibly rewarding, both personally and professionally.”
With tech products around privacy, security, ethics and sustainability, as well as a variety of customers, the company is complex, he added. The regulations around cybersecurity and other issues also impact how the company is run.
“If you’d told me when I started the company we have to do all that and do it through a pandemic, through an economic crisis, through a humanitarian crisis, through these massive changes in mental health and burnout, through issues with social justice, in the city of the birthplace of the civil rights movement and as soon as we thought we were through the other side of it, then there’s a war in Europe and inflation, I cannot state clearly enough how challenging it has been, but through that really shines our resilience,” Barday said.
“We’ve become a better company," he said. "I’ve become a better leader, we’ve had a better team and we’re a more rewarding environment to work in because of that.”