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PHOENIX, Jan. 13, 2021 /PRNewswire/ Prevalent, Inc., the company that takes the pain out of third-party risk management (TPRM), today announced a very strong 2020, setting the stage for an exceptional 2021. In 2020, Prevalent:
Grew worldwide new business revenue every quarter, with annual new business up near 30%
Realized 43% growth in existing accounts
Achieved 74% growth in annual recurring revenue (ARR) for customers acquired since the introduction of the new Prevalent Platform
Increased average deal size by 37%
Grew its Vendor Threat Monitor solution by 76%, as customers continued to unify their assessment and continuous monitoring solutions for closed-loop risk correlation and reporting