Prevalent, a Warren, NJ-based provider of third-party risk and vendor threat intelligence solutions, received a $4m strategic growth equity investment from Fulcrum Equity Partners.
The company intends to use the funds to grow and expand sales, marketing and technical teams, advance its third-party risk and vendor threat management technologies, and accelerate its proprietary professional services.
Founded in 2004 by CTO Norman Menz and CEO Jonathan Dambrot, Prevalent provides vendor risk and cyber threat intelligence solutions for Fortune 1,000 organizations, as well as the needs of small and midsize businesses to reduce, manage and monitor the security threats and risks associated with third-party vendors.
Earlier this year, the company has introduced its vendor threat intelligence platform, Vendor Threat Monitor™ (VTM), which works in combination with its Vendor Risk Manager (VRM)TM to allow organizations and IT professionals to continuously and proactively monitor key threat vectors from third-party providers across several relationship risk areas including data risk, operational risk, financial risk and brand risk.
FinSMEs
18/06/2014