New Report: The 2022 Gartner® Market Guide for IT Vendor Risk Management Solutions

Prevalent Achieves Record-Breaking First Half of 2022 with Over 50% Growth, Solidifying TPRM Leadership Position

Third-Party Risk Management Leader Closes H1 with Exceptional Customer Momentum and Best-in-Class NPS Score of 63, as Demand Soars
July 01, 2022
News h1 performance 0721

PHOENIX, AZ - July 1, 2022 – Prevalent, Inc., the company that takes the pain out of third-party risk management (TPRM), today announced significant new and existing customer traction, driving record-breaking revenues in every facet of the business for the first half of 2022. Prevalent:

  • Grew new business product revenue by more than 50% over H1 2021, with 90% growth in new customer acquisitions
  • Increased annual recurring revenue (ARR) by 57% YoY
  • Achieved a gross retention rate of over 90% and an industry-leading Net Promoter Score® of 63, demonstrating extremely high levels of customer satisfaction

“In the first half of this year, we continued to achieve strong results,” stated Kevin Hickey, CEO of Prevalent, Inc. “We partnered with our existing customers and saw continued expansion as they scaled and matured their TPRM programs. Our impressive new logo growth validates our approach to helping companies identify and remediate risk across every stage of the vendor lifecycle."

In H1 2022, Prevalent:

About Prevalent

Prevalent takes the pain out of third-party risk management (TPRM). Companies use our software and services to eliminate the security and compliance exposures that come from working with vendors and suppliers and throughout the third-party risk management lifecycle. Our customers benefit from a flexible, hybrid approach to TPRM, where they not only gain solutions tailored to their needs, but also realize a rapid return on investment. Regardless of where they start, we help our customers stop the pain, make informed decisions, and adapt and mature their TPRM programs over time.

Media Contact

Angelique Faul, Silver Jacket Communications, 513-633-0897, angelique@silverjacket.net