Nymity Announces Acquisition of SiteSystems, a Software Development Company
Strategic acquisition to expand Nymity’s capability to provide software solutions to privacy management customers, tripling its capacity for development of new solutions
TORONTO, Canada, 9 December 2014 - Nymity, a leading provider of accountability, risk, and compliance privacy software solutions, is pleased to announce the acquisition of SiteSystems Inc., a software development company. This acquisition further deepens Nymity’s technology footprint and expands its ability to provide game-changing compliance software solutions for its current and future customers.
As part of the acquisition, SiteSytems CEO and founder, Oleg Lemeshko, joins the Nymity team as CTO, bringing over 15 years of experience as a leader in creative application development. “The Nymity acquisition represents a perfect synergistic fit for us. As a long-term, strategic business partner with Nymity, this represents an obvious evolution for us. I am excited to join a market leading company, whose commitment to delivering unprecedented end-user experiences is one I share,” said Mr. Lemeshko.
Terry McQuay, President of Nymity Inc., said, "This strategic acquisition underscores our commitment to the privacy compliance market and our focus on strengthening our digital technology capabilities. SiteSystems brings to the table a highly specialized team and we are delighted to welcome this talent. The marriage of Nymity’s research and compliance expertise with the technology development capabilities of SiteSystems is extremely powerful and helps us to execute on our vision of providing a one-stop, authoritative solution for privacy offices in businesses anywhere in the world."
Privacy offices around the world are challenged in managing the dynamic regulatory landscape within which their organizations must operate and comply. This acquisition will enable Nymity to take two of its proven software solutions, PrivaWorks, a privacy compliance research solution, and Attestor, a world-leading data privacy management solution, to the next level while invoking innovative, new solutions. Nymity will release a new version of Nymity LawTables shortly, which allows organizations to quickly identify and download the legal requirements for over 500 privacy laws around the world. Further software releases such as the new PIA solution will be announced shortly.
The staff, as well as all business, operations, and IP of SiteSystems, will now operate and provide services as Nymity, where it will support Nymity’s existing customers. Nymity also plans to use the acquisition as a base to significantly expand its operations to more than triple its code capacity and innovation to support continued global market growth.