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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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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 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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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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Warren, New Jersey – December 17, 2015 – Prevalent, Inc. was recently recognized as a Finalist in the Small Business category in the 2015 NJBIZ Business of the Year awards program. The award program, produced by NJBIZ, New Jersey’s premier business news publication, is presented by EisnerAmper LLP and sponsored by Wilmington Trust and M&T Bank.

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By Emil Kranz, VTM Analyst at Prevalent, Inc.     

The newly proposed Dodd-Frank rewrite, which is currently part of the $21 billion funding bill being deliberated by the Senate, would cause a shakeup in the riskiness of third-party relationships with banks and financial services organizations which have less than $500 billion of assets on their books, causing companies to have to reevaluate their risk profiles.

In 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act was enacted to tighten the regulations imposed on Financial Institutions following the 2008 financial crisis. The major issues addressed within Dodd Frank were: increase capital reserve requirements, creation of the Consumer Financial Protection Bureau (CFPB), and increased transparency in derivative trading.

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By Robin Slade, as featured on the Shared Assessments Blog and RSA Blog

Today’s companies are outsourcing more critical functions as part of their business operations in today’s complex environment. Every member of the supply chain must be evaluated to ensure they are properly protecting systems and data. With hackers specifically targeting third parties as a way to get to outsourcers’ data, this further emphasizes the need for rigorous information security and risk management programs.

The service provider control evaluation process has long been inefficient and costly. The verification performed during the onsite assessment is a necessary component to ensure sufficient third party controls in place, but today this process is time and resource intensive, inefficient and a burden on both the outsourcer and the service provider.

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Customers are said to realize a 3x improvement in the number of assessments they can perform while reducing costs by 30-50%

By  | NetworkWorld

Companies today are outsourcing more business processes and data handling to third parties, especially cloud service providers. According to Skyhigh Networks, the average number of SaaS applications in use within enterprise organizations is now up to 923—a 21% increase over 2014.

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Prevalent Teams with Aileen Griffith, Former Official of the Federal Reserve Bank of NY, to Outline Four Key Steps in Operationalizing the “Three M’s of Vendor Risk”

Warren, New Jersey – May 20, 2015 – Vendor risk and cyber threat intelligence innovator Prevalent is advocating four best practices to help banks and financial services organizations properly manage vendor risk. The key findings were derived from a recent Prevalent webinar with Aileen Griffith, a former official with the Federal Reserve Bank of New York, who oversaw the implementation of the Bank’s first enterprise vendor risk management program, and include:

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Jonathan Dambrot, Prevalent CEO, and Brad Keller, Director of Third-Party Risk & Compliance recognized with a Special Achievement Award; Andy Hout, Third-Party Risk & Compliance Consultant received the 2015 Shared Assessments Founders Award

Warren, New Jersey – May 5, 2015 – Vendor risk and cyber threat intelligence innovator Prevalent today announced that its CEO, Jonathan Dambrot and Brad Keller, Director of Third-Party Risk and Compliance were presented with a Special Achievement Award by Shared Assessments, and Andy Hout, Third-Party Risk and Compliance Consultant, was recognized with the 2015 Shared Assessments Founders Award, during the Shared Assessments Summit 2015, held April 29-30, 2015 in Baltimore, MD.

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