Third Party Risk Management

This month I discuss Mitratech’s acquisition of Prevalent from Insight Partners.

This move extends Mitratech’s risk management platform into third party and supplier risk, unlocking new cross-sell opportunity with Risk and Compliance Officers globally. Prevalent joins Mitratech’s fulsome GRC suite covering policy, ethics & compliance, ESG, IT and cyber risk. Prevalent’s AI-powered 3PRM capability aligns with Mitratech’s goal of streamlined legal, risk, and HR ops and their recent Ask ARIES launch. Mitratech continues to execute an effective M&A growth strategy, including acquisitions of Preparis, Hot Docs, Mineral, Syntrio, Trakstar and Circa over the last 24 months.

Who else is rolling up 3PRM:

→ Bitsight x Cybersixgill (Moody’s)

→ Ncontracts x Venminder (Hg)

→ Exiger x aDolus + Ion Channel (Caryle, Insight Partners)

→ ProcessUnity x CyberGRX (Marlin)

→ Sphera x SupplyShift (Blackstone)

Origination tip of the month:
→ Track your outbound emails by starring (Gmail) or flagging (Outlook). Treat these like unread emails for outbound to ensure timely follow-up.