Prevalent

Overview

Prevalent is a company operating within the Computers and Technology sector, specifically focusing on information technology and software solutions. With a workforce of 51 employees and reported revenue of $32 million, Prevalent specializes in third-party risk management (TPRM) solutions. A notable case study highlights Prevalent's engagement with Moelis Asset Management, an investment advisory firm that faced challenges related to third-party risk due diligence following new regulatory requirements. Moelis developed a manual process for vendor assessments but struggled with maintaining a centralized record and continuous monitoring of vendor risks. Prevalent provided a solution through its TPRM platform and managed services, enabling Moelis to establish a centralized risk register, enhance visibility into vendor risks, and ensure compliance with regulatory demands. This case study illustrates Prevalent's expertise in addressing the complexities of vendor risk management in the financial services industry, showcasing its role in facilitating effective risk assessment and monitoring processes for organizations.

Industry