Tugboat Logic by OneTrust, a leading security assurance company, announced today its software-as-a-service (SaaS) solution is launching an additional instance of the Tugboat Logic product with data centre and hosting services.
This hosting service will be located in the European Union, as with cyberthreats on the rise, organisations have increasing concerns regarding data storage and localisation, the company said in a statement. Many businesses in the EU require data storage in a local geographical region to meet business and compliance standards.
However, not storing data in the EU can increase friction during the sales process or when entering partnership conversations. Often, organizations prefer their data to live in the EU as it is viewed as a more trusted data location. Tugboat Logic helps businesses prepare for audits in half the time and at a fraction of the cost. Its new EU data center allows organizations located in or providing services to the EU to reduce worry and risk associated with non-compliance, potentially accelerating their growth and compliance ROI (Return on Investment).
“Tugboat Logic is excited to announce this new data center and enable the capacity for our European clients or those doing business within the EU to meet their regulatory and IT compliance needs,” according to Ray Kruck, Chief Executive Officer of Tugboat Logic. For 2022 and beyond, our EU data center extends our cloud infrastructure to support the European market in order to meet local data residency requirements, added Kruck.
Further, Tugboat Logic’s infrastructure investment in the EU data center reinforces its commitment to protecting customer data and signals the expansion of its global footprint. Now, EU organizations can experience the power of a remote-work-friendly solution that enables customers to implement InfoSec programs, manage compliance tasks and projects, collaborate with auditors, automate evidence collection, and achieve continuous compliance while storing their customer data within the EU in adherence with local regulations.
“As Tugboat Logic increases our growth in Europe, it is important for us to address the key data residency concerns of our customers by providing an EU regional data centre. In addition, this underscores our commitment to privacy regulations such as GDPR as a core element of your overall InfoSec program,” said Patrick Murray, Chief Product Officer at Tugboat Logic. Tugboat Logic’s expansion in the EU market provides peace of mind regarding data residency to address these concerns.