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Prevalent Positioned as the Leader in the 2023 SPARK Matrix for Vendor Risk Management by Quadrant Knowledge Solutions

Prevalent Positioned as the Leader in the 2023 SPARK Matrix for Vendor Risk Management by Quadrant Knowledge Solutions
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Third-Party Risk Management Leader Kicks Off 2021 with Record-Breaking First Quarter

Prevalent, Inc., the company that takes the pain out of third-party risk management (TPRM), today announced that on the heels of an excellent 2020, the company achieved a record-breaking first quarter of 2021. In Q1 2021, Prevalent: Grew its new customer business by 111% over Q1 2020 Grew its existing customer add-on/expansion business by 53% over Q1 2020 Grew Vendor Threat Monitor revenue by nearly 20x over Q1 2020 After finishing an exceptional 2020, I m thrilled to see the continued success and momentum in 2021, stated Kevin Hickey, CEO of Prevalent, Inc. It s clear from our first quarter results that companies continue to choose Prevalent to build or expand their third-party risk management programs, and are turning to us to unify their assessment and continuous monitoring for closed-loop risk correlation and reporting in the face of growing numbers of security incidents, compliance problems and supply chain failures.

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