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TORONTO DATA-PRIVACY COMPLIANCE FIRM NYMITY ACQUIRED BY U.S. RIVAL

Nov 20, 2019 - The Globe and Mail (Canada)
Mergers and Acquisitions

Nymity Inc., a Toronto-based software company in the burgeoning field of data-privacy compliance, has been acquired by TrustArc Inc., its larger U.S. rival.

Nymity founder and sole owner Terry McQuay said he sold his 17-year-old company after deciding last summer "to look at options to take it to the next level."

His company's software platform helps corporate customers comply with various privacy laws in part by flagging any shortcomings in how they collect, store and use customer d...