PHOENIX, January 12, 2022 / PRNewswire / – Prevalent, Inc., the company that takes the pain away External Risk Management (TPRM), today announced a record year 2021, which lays the foundation for an extraordinary 2022 and at the same time further confirms the company’s leadership position. Building on the company’s dynamics from the first three quarters, prevalent:

  • Total billings up 41% in fourth quarter 2021 versus fourth quarter 2020, driven by an exceptional 232% growth in add-on sales from existing customers
  • Increased customer satisfaction in the 4th quarter of 2021, as evidenced by a market-leading +59 NPS®
  • Annual Recurring Revenue (ARR) increased more than 30% compared to 2020, with partner-sourced bookings up 181% year-over-year

“For the past eighteen months, companies have been tasked with maintaining their own business resilience while dealing with an unprecedented increase in third-party cybersecurity attacks, supply chain disruptions and new compliance requirements,” said Kevin Hickey, CEO of Prevalent. “Prevalent has responded to the call to help companies counter risks at every stage of the vendor lifecycle. Our significant growth in 2020 clearly shows that customers depend on and trust us to ensure their business operations are not disrupted by third parties. I am very proud of the work this team has done so far and look forward to a successful year 2022. “

In 2021 predominant:

Introducing category-defining solutions and features that help companies stay one step ahead of third-party risk

Publish free resources to help security, procurement, and risk management teams take control of third party risk

Building on its leadership position in the third party risk management market

About Prevalent
Prevalent facilitates third-party risk management (TPRM). Organizations use our software and services to eliminate the security and compliance risks associated with working with vendors, suppliers, and other third parties throughout the vendor risk management lifecycle. Our customers benefit from a flexible, hybrid TPRM approach in which they not only receive solutions tailored to their needs, but also realize a quick return on investment. Regardless of where they start, we help our clients stop the pain, make informed decisions, and customize and mature their TPRM programs over time.

Media contact

Angelique Faul
Communication with silver jacket
[email protected]

SOURCE Prevalent, Inc.


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