Datavant Acquires Trace
Datavant Acquires Trace Data to drive GDPR compliance in connectivity of health data
NEW YORK, N.Y. and EDINBURGH, Scotland, Sept. 18, 2024 – Datavant, the leader in healthcare data connectivity, today announced its acquisition of Trace Data, a UK-based privacy consultancy who helps organisations secure their sensitive data and comply with regulations like the General Data Protection Regulation (GDPR). This strategic acquisition will enable Datavant to support clients and partners in complying with data protection laws like GDPR and aligning with data and AI governance frameworks.
Today, organisations struggle to unlock disparate patient data while meeting privacy requirements and GDPR standards. There is an opportunity to establish a robust industry standard for health data exchange under the GDPR, EU AI Act, and other European regulations. Bringing Trace Data’s expertise together with Datavant’s will greatly enhance this vision, and ultimately enhance data liquidity without compromising on privacy or security between the various silos of European health data.
“Our acquisition of Trace Data is a testament to our commitment to expanding our global presence and enhancing our ability to connect health data on a global scale,” said Arnaub Chatterjee, President and GM, Life Sciences, Ecosystem and Public Sector at Datavant. “Trace Data's software and advisory services will serve as a critical enabler for Datavant to create strong privacy solutions and continue to accelerate data connectivity on a global scale.”
The acquisition of Trace Data marks a significant milestone in Datavant’s growth strategy, particularly in the European market. Trace is a privacy boutique with global reach which has built deep relationships with years of experience serving clients in public and private institutions across the UK, Europe and Canada. By integrating Trace Data’s expertise, Datavant will offer GDPR-centric privacy and data governance as a service for healthcare organisations worldwide.
“We are excited to join forces with Datavant and contribute to their mission of connecting the world’s health data,” said Sorcha Lorimer, Founder of Trace Data. “Our shared vision of breaking down data silos and enabling businesses to create strong data privacy systems will accelerate innovation in European healthcare data connectivity, leading to better outcomes for organisations and patients at scale.”
About Datavant
Datavant makes the world's health data secure, accessible, and usable. Datavant is a data platform company for healthcare whose products and solutions enable organisations to move and connect data securely. Through proprietary technology, the world's most robust healthcare network, and value-added services we protect, connect, and deliver the world's health data. Datavant enables more than 60 million healthcare records to move between thousands of organisations, more than 70,000 hospitals and clinics, 70% of the 100 largest health systems, and an ecosystem of 500+ real-world data partners.
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