Privacy engineering firm Privitar today announced the opening of its Singapore office to support the APAC region. Over the last year, the company has rapidly expanded in response to the growing demand for software products employing leading privacy enhancing techniques. Privitar is leading the development of innovative, ethical data use with an uncompromising approach to data privacy. Its software helps eliminate the threat of advanced privacy attacks and protects data using the latest privacy techniques. Gartner recognised Privitar in its September 2018 Cool Vendors in Banking report.
The firm works with leading public and private sector organisations and has recently secured a strategic investment from Citi made public on Monday 10th December. Citi is joining existing Privitars shareholders, Partech, Salesforce Ventures, CME Ventures, Illuminate Financial Management and IQ Capital. Since its launch in 2014, Privitar has operated across industries (including financial services, telecommunications, pharmaceutical and government) and has secured high profile customers in the FTSE100, including NHS Digital.
Tho Yeong Chien, Executive Director of the APAC region, Privitar, commented: Organisations in Asia are waking up to the importance of data privacy. International regulation, combined with a growing mistrust of those who handle our information, is shaping how we use, share and handle data.
We have the ability to get incredibly valuable insights from advanced analytics and machine learning, but to really do so, we have got to treat data responsibly.
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This is a really good time for us to focus and educate the market on the importance of data privacy, and Im personally very excited to be part of Privitar, leading the business for Privitar in Singapore.
Jason du Preez, CEO of Privitar, commented: As we can see with increasing regulations around the world, data privacy is now a global concern. In the process of responding to the demands of global markets for privacy software solutions, it is paramount that we are on the ground in strategic regions to serve our customers effectively. Our new office in Singapore will help us achieve this goal.
Privitar provides data-privacy software to companies and public sector organisations around the world to protect sensitive data and enable ethical data analysis. Privitar’s software accelerates and automates the provision of privacy-preserving data, helping customers extract more business value from their data, generate data-driven insights, and drive innovation.
Privitar was established in 2014 with headquarters in London and offices in New York and Paris. The company raised $16m in a Series A funding round in July 2017, with support from existing investors IQ Capital, 24Haymarket and Illuminate Financial and new funding from Partech Ventures, CME Ventures and Salesforce Ventures.
Privitar hosts an annual community event –In:Confidence– with luminary privacy experts and commentators and contributes regularly to the public discourse on privacy matters. You can read and subscribe to the latest news and opinions from Privitar here.
For more information, please visit www.privitar.com
Source: Gartner, Cool Vendors in Banking, Don Free, Stessa Cohen, Ali Merji, Nicole Sturgill, 18 September 2018.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartners research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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Clementine Boyer Duroselle