InCountry, the data compliance platform helping companies go global by using their apps in more countries, announced today its new platform helping companies streamline the data compliance process for operating in or expanding into China through collaboration with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group.
On August 20th, China passed its Personal Information Protection Law (PIPL), which includes strict guidelines on situations where cross-border data transfers can occur. The illegal processing of personal data or failure to adopt necessary measures to protect personal data will see companies hit with fines of up to $7.7 million or 5% of the preceding year's revenue. With these guidelines and penalties in place, data residency and data compliance become a virtual requirement for companies doing business in China.
Companies will be able to achieve compliance with PIPL and China's other data regulations thanks to InCountry's data residency platform, which will keep their regulated data within China's borders and stored on the Alibaba Cloud. Thus, enterprises can continue using their existing applications based outside of China while ensuring the regulated data they handle is stored securely and made accessible in compliance with local regulations.
This ability is invaluable to companies using SaaS applications like ServiceNow or Salesforce, which do not localize data within China on their own. InCountry's data residency-as-a-service platform, together with Alibaba Cloud, will help to ensure companies are handling regulated data appropriately and compliantly without any disruptions or alterations to their SaaS instance.
“We're looking forward to creating a robust data residency compliance solution through our partnership with Alibaba Cloud, the leading cloud provider in the Asia-Pacific region,” remarked Peter Yared, CEO and Founder of InCountry. “As SaaS enterprises and multinationals expand into the regions, we've positioned ourselves to help these businesses localize the data they use without having to repeatedly re-build their full-stack, ultimately helping them create new revenue streams while scaling internationally.”
As PIPL has recently passed and the issue of data residency a major topic for businesses worldwide, companies should look for a capable and streamlined solution to address the issue. With Alibaba Cloud's long track record of success and intimate knowledge of the Chinese market and InCountry's data residency expertise, the joint solution will allow companies to address this issue without needing to build and maintain their own compliance infrastructure, a major victory for companies trying to comply with PIPL as soon as possible.
Key Benefits:
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A quick and efficient way to comply with data residency regulations: Businesses can use the platform to localize the necessary data without worrying about their original infrastructure.
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Seamless integration: API-level integration allows for a simple and standardized data protection and provisioning at scale.
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Global-scale: Regardless of location, InCountry's availability in 90+ countries means enterprises can set the solution once and comply with regulations worldwide.
About InCountry
InCountry is a data residency-as-a-service platform helping companies use their apps in more countries with global data residency and compliance so they can scale amidst an era where global data regulations are constantly and unpredictably changing. InCountry is backed by Caffeinated Capital, Felicis Ventures, Arbor Ventures, Ridge Ventures, Bloomberg Beta, Charles River Ventures, Global Founders Capital, Parade Ventures, Mubadala Ventures, Accenture Ventures, and MState. To learn more, visit incountry.com.
— WebWireID279861 —
