Press Releases
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Market Leaders in Third Party Risk Management and Assessment Launch Third Party Network; Deliver Life Cycle Solution for Vendor Risk Management

WARREN, NJ and SANTA FE, NM (October 25, 2017) – Prevalent, Inc., the leader in Third Party Risk Management (TPRM), and Shared Assessments, the trusted source in Third Party Risk Assurance, today announced the launch of a joint Third Party Network pilot program to the UK and Europe.

The Third Party Network combines Prevalent’s award-winning TPRM Platform, the first unified, cross-sector third party risk management platform, and Shared Assessments’ member-driven standardized assessment tools, certification, and thought leadership programs.  Leveraging more than two decades of third party risk management expertise, the partnership provides UK and European enterprises with a powerful solution to build, expand, and continuously monitor their vendor risk management programs over their entire life cycle.

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Former Aetna Security Executive Brenda Ferraro Joins Prevalent

WARREN, NJ (Marketwired – Sep 13, 2017)  Prevalent, Inc., the leader in Third-Party Risk Management and Vendor Threat Intelligence, today announced the appointment of Brenda Ferraro as Senior Director, Networks and CYBERFIT®. In this new role, Brenda will work closely with Prevalent’s healthcare, legal, financial, and higher education vertical networks to provide collaborative and economical solutions. In addition, she will continue to grow Prevalent’s vertical networks portfolio into sectors particularly vulnerable to third party risk.

The regulated healthcare industry, with its valuable Protected Health Information (PHI), is one of the most highly targeted sectors for data breaches and hacks. According to a recent Ponemon study, 89% of surveyed healthcare organizations experienced a data breach over the last two years, costing the industry an estimated $6.2 billion dollars. As much as 63% of all data breaches now occur through third party suppliers.

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Industry Veteran to Drive Strategic Vision, Next Generation Design for Third-Party Risk Management Leader

WARREN, NJ (August 29, 2017) – Prevalent, Inc., the leader in Third Party Risk Management and Vendor Threat Intelligence, today affirmed its commitment to advancing deeper protection against third party threats with the appointment of Van Ice as Chief Software Architect.   In this new executive position, Ice will build on Prevalent’s extensive customer and design experience to lead the next generation vision, architecture and strategic roadmap for Prevalent’s award-winning third party risk management platform.

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Market Leader In Third-Party Risk Management and Cyber Threat Monitoring Poised to Expand Its Strategic Innovation Roadmap, Support Rapid Growth.

WARREN, NJ (Marketwired – Aug 14, 2017) – Prevalent, Inc., the leader in Third-Party Risk Management and Vendor Threat Intelligence, today announced the appointments of Brian Harvell as Vice President of Engineering and Jared Feinberg as Senior Director of Threat Intelligence. Each brings a track record of distinguished accomplishment to Prevalent, which has experienced sharply accelerated growth and demand for its award-winning Synapse Exchange™, the first unified, cross-sector third-party risk management platform.

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Market demand fuels expansion to Boston and Washington D.C.

WARREN, NJ (August 1, 2017) – Prevalent, Inc.,the leader in third-party risk management, announced today that Network Products Guide, a leading technology research and advisory guide, has named Prevalent’s Synapse Exchange™ the Gold Winner for Best Vendor Risk Management in the 12th Annual 2017 IT World Awards®.

“Prevalent’s Synapse Exchange™ was purpose-built to solve the need for more cost-effective, scalable solutions for third and fourth party vendor risk management,” said Jonathan Dambrot, CEO, Prevalent. “We’re honored to be recognized by the IT World judges for our continued innovation in managing today’s complex vendor ecosystem.”

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Becomes Only Vendor in Leader Quadrant Exclusively Focused on Third-Party Risk

WARREN, NJ (July 12, 2017) – Prevalent, Inc., the leader in Third-Party Risk Management, today announced that it has been named a Leader in the 2017 Gartner Magic Quadrant for IT Vendor Risk Management.1

“We are delighted that Gartner has identified Prevalent as a leader in this growing IT security market with this year’s analysis,” said Norman Menz, Chief Technology Officer and Co-Founder, Prevalent.  “Third-Party Risk is a serious problem for organizations everywhere and it’s growing. Prevalent is positioned to help solve this problem through the innovative nature of our technology, products, and the expertise of our team. We’re very proud of this recognition.”

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Acquisition of Datum Security Solution Helps Close Dangerous Gap in SMB Third-Party Risk Exposure

WARREN, NJ (June 13, 2017) – Prevalent, Inc., the leader in Third-Party Risk Management and Cyber Threat Intelligence, today announced the acquisition of Datum Security, the leader in Third-Party Risk Validation for small and medium-size business.

“Our objective has always been to provide a comprehensive suite of solutions for vendor risk management to our customers, from enterprise assessment software to vendor evidence sharing networks, to continuous monitoring,” said Jonathan Dambrot, CEO, Prevalent.  “The Datum Security acquisition will help our customers greatly reduce the risk exposure resulting from small to medium sized vendors.”

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600+ Financial IT, Security and Compliance Professionals Show Clear Progress in Closing Readiness, Compliance Gaps, According to Prevalent Poll

WARREN, NJ (Marketwired – Apr 20, 2017) – Prevalent, Inc., the leader in Third-Party Risk Management and vendor threat intelligence, today announced findings of its flash poll of IT, security and compliance professionals in banking and finance. The survey was conducted in March 2017 in conjunction with its American Banker “The State of NY Strikes Again” thought leadership webinar on New York State’s new Cybersecurity Requirements (23 NYCRR 500).

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WARREN, NJ–(Marketwired – Mar 28, 2017) – Prevalent, the industry leader in third-party vendor risk management solutions, and its strategic partner, The Santa Fe Group, have jointly committed to funding an MBA scholarship for information technology security professionals at The Pennsylvania State University’s online World Campus.

The IT Security Industry Online MBA Scholarship in the Penn State World Campus is designed to benefit IT professionals by providing financial assistance to pursue the Online MBA degree through the World Campus at Penn State. (more…)

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Vendor Risk Management Industry Pioneer Wins Cybersecurity Excellence Award, 50-100 Employee Category

WARREN, NJ (Marketwired – Feb 13, 2017) – Prevalent, Inc., the leader in Third-Party Risk Management and Vendor Threat Intelligence, today announced it has received the Cybersecurity Excellence Award as the Fastest Growing Cybersecurity Company in the 50 to 100 employee category.

Prevalent is tackling one of the most potentially damaging root causes of cyber security threats: third-party vulnerabilities. It is the only company that offers a complete, purpose built, integrated suite of solutions for third party risk management, from automated assessment software to continuous threat monitoring, and leading edge vendor evidence sharing networks. The company launched its first 3rd party risk management product in 2012, and recently closed a $60MM Series C round of funding with Insight Venture Partners.

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