Warren, NJ – February 19, 2019 – Prevalent, Inc., the only unified platform for managing third-party risk, today announced the appointment of Kevin Hickey as Chief Executive Officer and the creation of three new C-suite positions. Joining Hickey are Brad Hibbert, Brendan Evers and Mike Yaffe in the roles of Chief Strategy Officer, Chief Revenue Officer and Chief Marketing Officer respectively. Hickey succeeds Prevalent founder and former CEO Jonathan Dambrot, who ushered the company through years of solid growth and will remain on the Board of Directors.
These changes set the stage for significant growth, as third-party risk management remains top of mind for businesses of all kinds and sizes. Hickey has led multiple companies through large-scale growth, holding CEO positions at eEye Digital Security, NetPro Computing, Homebid.com and, most recently, BeyondTrust.
“The market validates that assessment due diligence combined with continuous monitoring is the right approach to understanding and managing risk,” said Hickey. “Perfecting what works has allowed Prevalent to steadily grow and evolve, and now we’re looking toward the future. As we watch our growth accelerate, we are confident we have the best people in place to effectively and efficiently take us to the next level. I am really looking forward to getting to work.”
The positions of CSO, CRO and CMO are first-time roles for the company, further indicative of its sustained success and commitment to the future. All four new team members join from BeyondTrust, the global leader in Privilege-Centric Security, where they worked together to successfully grow the business into a globally-recognized market leader.
“We are thrilled to have Hickey, Hibbert, Evers and Yaffe joining the team at Prevalent,” said Michael Triplett, Managing Director, Insight Venture Partners. “This is wonderful news for our current and prospective clients, and our entire internal team. The next phase of growth is on the horizon, and we’re now expertly positioned to take advantage of the opportunity. The dream team we’ve assembled is impressive, and we’re looking forward to further elevating Prevalent and its products.”
Founded in 2004, Prevalent has seen tremendous growth in both customers and revenue, fueling strategic product development and accelerating continued go-to-market expansion in key geographies, customers and industries.
Prevalent helps enterprises manage risk in third-party business relationships. It is the industry’s only purpose-built, unified platform that integrates a powerful combination of automated assessments, continuous monitoring, and evidence sharing for collaboration between enterprises and vendors. No other product on the market combines all three components, providing the best solution for a highly functioning, effective third-party risk program. To learn more, please visit www.prevalent.net.