EQS Group Acquires Data Legal Drive to Enhance GDPR Compliance Software
EQS Group, a sustainability software firm backed by Thoma Bravo, has acquired Data Legal Drive. This acquisition will enhance EQS’s portfolio with SaaS-based GDPR compliance software. Financial details were not disclosed.
About Data Legal Drive
Founded in 2018 and based in Neuilly-sur-Seine, France, Data Legal Drive specializes in software for GDPR and anti-corruption compliance. The company serves over 10,000 customers and has a robust partner program.
About EQS Group
EQS Group, established in 2000 and headquartered in Munich, Germany, provides corporate compliance and investor relations software. The company, supported by Thoma Bravo since February 2024, employs around 600 people. In 2023, more than 2,800 new customers adopted EQS’s software to comply with the German Whistleblower Protection Act.
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Strategic Insights
EQS Group CEO Achim Weick emphasized the acquisition’s importance, stating, “The acquisition of Data Legal Drive will be a significant milestone for EQS Group and will bolster our expertise, particularly for GDPR compliance. Since the regulation came into force in 2018, the cumulative fines exceeded €4 billion, highlighting the ongoing demand for GDPR support. With our collective track record in compliance and technology innovation, we will be in an ideal position to expand our services and address our customers’ compliance needs even more comprehensively. We look forward to welcoming Data Legal Drive’s employees and customers to the EQS family as we work together to reinforce our leading position in the compliance SaaS market.”
Future Growth
Data Legal Drive’s CEO, Sylvain Staub, commented, “With the experience of EQS Group in building a comprehensive compliance platform, we believe they are the ideal partner for our next stage of growth. Our strategy is to become the leader in compliance in Europe. Given the potential of our respective targets, we were convinced that EQS Group was what we were looking for to achieve significant growth in this business. The power of our combined expertise and services, both in compliance and digital innovation, will bring immense additional value to our customers.”
Next Steps
The deal is expected to close in the coming weeks.
