Increased annual recurring revenue (ARR) by 33% over 2021
Maintained a gross retention rate exceeding 90% demonstrating extremely high levels of customer satisfaction
"I'm so impressed with our team's accomplishments in 2022 and look forward to starting the new year strong," stated Kevin Hickey, CEO of Prevalent. "As companies continue to face new third-party risks and supply chain challenges due to continued cyberattacks and an unstable economy, we are committed to driving innovation, ensuring companies have the best solution available for staying resilient against today's third-party threats and business disruptions."
In the second half of 2022, Prevalent:
Expanded its global footprint through partnerships withRenaissance in Ireland andHalodata in Southeast Asia.
ReleasedPrevalent Platform v3.28, featuring new natural language processing (NLP) and machine learning (ML)-based document analysis and custom dashboards to simplify evidence review and vendor management.
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 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, [email protected]
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