Jan 29, 2020   SOURCE: PR NewsWire

Prevalent Ends 2019 with Strong Fourth Quarter, Poised for Substantial Growth in 2020

PHOENIX, Jan. 29, 2020 /PRNewswire/ -- Prevalent, Inc., the company that transforms how you manage third-party risk, today announced a strong fourth quarter with over 88 percent worldwide sales growth, and 170 percent customer growth, setting the stage for significant expansion in 2020.

Prevalent's 2019 highlights include:

    --  The appointment of Kevin Hickey to chief executive officer. Hickey has
        led multiple companies through large-scale growth, holding CEO positions
        at eEye Digital Security, NetPro Computing, Homebid.com and BeyondTrust.
        Brad Hibbert, Brendan Evers and Mike Yaffe also joined the executive
        team in the roles of chief strategy officer, chief revenue officer and
        chief marketing officer respectively.
    --  The acquisition of UK-based 3GRC. With this acquisition Prevalent
        delivers world-class third-party risk management solutions while
        expanding its presence to the UK. Customers have access to the most
        comprehensive, single-view third-party risk management platform, with
        the most standardized questionnaire options available, and
        fully-integrated continuous monitoring for a 360-degree view of risk.
    --  Recognition as a "visionary" in the Gartner Magic Quadrant for IT Vendor
        Risk Management for IT Vendor Risk Management Tools. According to
        Gartner, "Visionaries have a solid understanding of the market, and can
        affect the course of technological developments in the market. They are
        actively progressing against an aggressive product roadmap that extends
        support to additional regulatory and nonregulatory compliance and risk
        management needs, including support for the integration of IT VRM with
        IRM."
    --  Named the Gold Winner for Vendor Risk Management in the 2019
        Cybersecurity Product Awards category, for offering the only
        comprehensive solution for managing vendor risk.

"2019 was a big year for Prevalent," stated Hickey. "We spent the first half of the year building a team and strategy for success, and the second half executing on that strategy. Although it was extremely rewarding to finish the year strong, there is much more work to do. As companies recognize the need for a comprehensive third-party risk management program, we are in a position to drive greater adoption with our award-winning solution and lead the market."

About Prevalent

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.

Media Contact
Angelique Faul
513-633-0897
angelique@silverjacket.net

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SOURCE Prevalent, Inc.