Press Releases
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Series C Financing Round Led by Insight Venture Partners to Drive Growth and Continued Product Innovation

WARREN, NJ (November 17, 2016) – Prevalent, Inc., the leader in Third-Party Risk Assessment, Monitoring, and Collaboration, announced today it has closed a $60 Million Series C round led by private equity and venture capital firm Insight Venture Partners. The new capital will be used to fuel the company’s continued global expansion and product innovation.

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The Industry’s First Behind-the-Firewall Insight

Warren, New Jersey – September 15, 2016 – Prevalent, Inc., the leader in Third-Party Risk Management and Vendor Threat Intelligence, today announced the availability of its proprietary VendorThreatIQ™ product, which introduces 2 new industry risk scores – Threat Investment Quotient (TIQ) and Potential Threat Impact (PTI) – that are now included in Prevalent’s Vendor Threat Monitor (VTM) product.

“The cyber security world has changed dramatically in the past few years,” offered Norman Menz, Prevalent CTO and Co-Founder. “The ability of a vendor to prevent an attack is nearly irrelevant when considering their security posture.  Rapid detection and isolation of an attack is imperative, as external penetration of defenses by today’s sophisticated threats is almost a foregone conclusion.”

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Leader in Vendor Risk Management Adds Universities to Rapidly Expanding List of Vendor Networks

Warren, New Jersey – June 22, 2016 – Prevalent, Inc., the leader in Third-Party Risk and Vendor Threat Intelligence, today announced the launch of the Higher Education Vendor Network (HEVN), the next in a series of vendor networks initiated by Prevalent that reduce costs, risk, and overhead for both vendors and their customers. Big Ten powerhouses Ohio State and Penn State Universities are leading the charge with additional schools being added in the coming months.

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Placement Based on Ability to Execute and Completeness of Vision

Warren, New Jersey – May 16, 2016 – Prevalent, the third-party risk management and cyber threat intelligence innovators, today announced that it remains the only ‘Visionary’ in the 2016 Gartner Magic Quadrant for IT Vendor Risk Management.1 This is the second consecutive time that Prevalent was included as a Visionary in this Magic Quadrant.

“Prevalent once again is named the only Visionary in the Magic Quadrant, and we are proud of this accomplishment,” noted Norman Menz, CTO and Co-Founder of Prevalent. “We believe our success is driven not only by the innovative nature of our products and their exclusive focus on third-party risk, but also the extensive expertise we have assembled in-house.”

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Leading Third-Party Risk Management Innovator to Expand Market Footprint in Response to Accelerating Demand

Warren, New Jersey – May 11, 2016 – Prevalent, Inc., the leader in Third-Party Risk and Vendor Threat Intelligence, today announced the launch of the Prevalent Partner Program – a network of reseller partners that will now be able to satisfy their customers’ rapidly growing need for Third-Party Risk Management and expertise.

“We consistently monitor the evolving needs of our customers and research the marketplace for technology partnerships that complement our efforts to provide the highest levels of service to our customers”, noted Doug Close, CISSP, VP Engineering at Sayers. “Our partnership with Prevalent is a textbook example of that approach as we have seen an explosion in Third-Party Risk requirements and Prevalent is the premier company in that space.”

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By Austin Kilgore | Editor in Chief at National Mortgage News

Pleasanton, California – February 29, 2016 – With lenders and servicers now shouldering greater responsibility for their vendors’ actions, mortgage companies have had to rethink the way they evaluate their business risks and manage compliance.

The higher standards mandated by the Consumer Financial Protection Bureau and other regulators have created an environment where it’s no longer acceptable for lenders and servicers to solely focus their attention on evaluating and responding to risks on the individual loan level. Rather, mortgage companies must approach compliance at the organizational level, including thorough scrutiny of their vendors’ risk management practices. (more…)

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The Industry’s First Third-Party Risk, Collaborative Assessment, and Threat Intelligence Monitoring SaaS Platform

Warren, New Jersey – February 26, 2016 – Prevalent today announced the launch of its Third-Party Risk, Collaborative Assessment, and Threat Intelligence Monitoring Software-as-a-Service platform designed for ‘Smarter’ risk management. Based on Version 4.0 of Prevalent’s award-winning Vendor Risk Manager (VRM) technology, Prevalent Synapse™ delivers on the promise of next generation integrated capabilities of the company’s VRM and Vendor Threat Monitor (VTM) platforms; now integrated and enabling virtually any form of Collaborative Assessment, data supply chain, and associated workflows.

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With more than two decades of software and channel sales experience, Devin Archer will lead the IT Security innovator’s transformation into a channel-driven sales and delivery organization

Warren, New Jersey – January 27, 2016 – Prevalent, the third-party risk and vendor threat intelligence innovators, today announced that software and channel sales veteran Devin Archer has joined as Director of Channel Sales. In this newly created role, Archer will focus on the development, enablement and execution of programs that will help Prevalent transform into a channel-driven organization.

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A Membership Program Designed for Law Firms to Assess Third-Party Service Providers for Security and Data Risks

Warren, New Jersey – January 19, 2016 – Prevalent today announced the launch of the Legal Vendor Network (LVN), a membership-based program designed specifically for law firms to assess and monitor third-party vendors for security and data risk.  In addition to other benefits, members gain access to a vendor risk platform for the standardization of assessment, a centralized repository for access to previously provided vendor assessment information across the network of participating law firms, and continuous threat intelligence monitoring of their vendors.

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Spring Mountain Capital Leads Latest Equity Financing Round to Accelerate Company Growth and Product Innovation

Warren, New Jersey – January 13, 2016 – Prevalent, Inc., a leader in vendor risk management and cyber threat intelligence, today announced it has raised $8 million in a Series B financing led by Spring Mountain Capital, with participation from existing investor Fulcrum Equity Partners. With the new investment, Jamie Weston, a Managing Director in Spring Mountain Capital’s Private Equity Group, will join Prevalent’s Board of Directors.

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