M&A Deal Summary

Drata Acquires Oak9

On May 2, 2024, Drata acquired internet software and services company Oak9

Acquisition Highlights
  • This is Drata’s 1st transaction in the Internet Software and Services sector.
  • This is Drata’s 2nd transaction in the United States.
  • This is Drata’s 1st transaction in Illinois.

M&A Deal Summary
Date 2024-05-02
Target Oak9
Sector Internet Software and Services
Buyer(s) Drata
Deal Type Add-on Acquisition

Target

Oak9

Chicago, Illinois, United States
Oak9 is a cloud-native security platform and released a new capability in beta to seamlessly bring continuous compliance into the software development lifecycle. Oak9 is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Drata

San Diego, California, United States
Category Company
Sector Information Technology
DESCRIPTION

Drata is a security and compliance automation platform that continuously monitors and collects evidence of a company’s security controls, while streamlining workflows to ensure audit-readiness. Drata is based in San Diego, California.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Illinois) 1 of 1
Country (United States) 2 of 2
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-09 Harmonize

San Mateo, California, United States

Harmonize integrates disparate business systems across IT, HR, and others, to streamline the employee lifecycle from beginning to end. Harmonize was founded in 2022 and is based in San Mateo, California.

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