Prevalent
Prevalent is an AI-powered third-party risk management platform that automates vendor risk assessments, continuous monitoring, and remediation for mid-market and enterprise organizations managing 50–500+ vendors across regulated industries.
- Company typePrivate
- Founded2004
- HeadquartersPhoenix, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Prevalent does
Prevalent, operating as Mitratech Prevalent, is an AI-powered third-party risk management (TPRM) software platform that automates vendor risk assessments, continuous monitoring, and remediation across the full vendor lifecycle — from sourcing and onboarding through SLA management and offboarding. The platform is built on a library of 800+ assessment templates and uses AI to auto-complete questionnaires, calculate inherent and residual risk scores, and correlate assessments with continuous monitoring feeds covering cyber threats, financial problems, regulatory findings, and reputational concerns. A complementary Vendor Intelligence Network provides on-demand access to thousands of pre-completed standardized risk reports on third parties, and an optional Managed Services layer lets customers outsource program execution.
The solution is sold to mid-market and large enterprise organizations managing 50–500+ vendors, with particular traction in financial services, healthcare, government, and manufacturing — verticals with heavy regulatory and third-party due diligence obligations. Prevalent was founded in 2004 and is headquartered in Phoenix, Arizona; it is now a product line within Mitratech, Inc., a private enterprise software company whose broader portfolio spans legal operations, GRC, and HR compliance. Prevalent has been recognized as a Vendor Risk Management Leader by Quadrant Knowledge Solutions' SPARK Matrix for four consecutive years.
Revenue is generated primarily through annual enterprise subscriptions to the TPRM platform, supplemented by managed services revenue. Distribution is handled through Mitratech's direct enterprise field sales organization, with lead generation driven by content marketing, webinars, the Interact user conference, and a "Request a Demo" motion on prevalent.net. The platform is delivered globally with support in English, Spanish, German, French, and Simplified Chinese, and is integrated into Mitratech's broader GRC ecosystem alongside adjacent compliance and risk modules.
Prevalent firmographics
Firmographics- Name
- Prevalent
- Legal name
- Mitratech, Inc.
- Website
- https://prevalent.net
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Prevalent is an AI-powered third-party risk management platform that automates vendor risk assessments, continuous monitoring, and remediation for mid-market and enterprise organizations managing 50–500+ vendors across regulated industries.
- Ownership category
- akta.pro rank
Prevalent industry classification
Industry- Product category
- Third-Party Risk Management Software
- NAICS
- Software Publishers (5132)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Third-Party/Vendor Risk Management (TPRM/VRM) (HDADAIAE)
- akta.pro secondary industries
- Third-Party/Vendor Risk & Due Diligence (TPRM, continuous monitoring) (FSAGAFAJ), Third-Party & Supply Chain Exposure Monitoring (HDADAHAJ), Third-Party/Vendor Risk & Due Diligence (BPAHAFAG)
Keywords
Where Prevalent is headquartered
LocationHeadquarters
- HQ city
- Phoenix
- HQ country
- United States
- HQ region
- North America
Markets served
Prevalent business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Software Subscription (TPRM Platform): Prevalent generates revenue through subscription-based licensing of its AI-powered third-party risk management software platform. The solution is delivered as a unified, cloud-based platform with options for expert managed services to complement the software. Revenue is derived from enterprise licensing agreements with annual or multi-year subscription terms, typically sold as part of Mitratech's broader GRC portfolio.
- Managed Services: Prevalent offers expert managed services to help customers optimize and mature their TPRM programs. These professional services complement the software platform and are delivered by Mitratech's expert teams to oversee the third-party risk lifecycle on behalf of customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise subscription with managed services option |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
Prevalent product offering
Product offeringCore offering
Prevalent delivers a Third-Party Risk Management (TPRM) platform that automates vendor risk assessments, continuous monitoring, and remediation across cyber, privacy, ESG, and operational risk domains. The offering combines SaaS software with a shared Third-Party Intelligence Network and managed services that let enterprises evaluate, monitor, and remediate third-party risk at scale.
Product overview
Prevalent is a unified, AI-powered third-party risk management (TPRM) solution offered by Mitratech. The core product is the Prevalent TPRM Software platform, which combines automated, standardized risk assessments with continuous risk monitoring and remediation management across the entire third-party lifecycle. This core platform is complemented by two supplementary offerings: Third-Party Intelligence Networks (providing on-demand access to thousands of completed, standardized risk reports on companies) and Third-Party Risk Managed Services (expert services to help optimize and mature TPRM programs). The solution addresses the complete vendor lifecycle including sourcing & selection, intake & onboarding, SLA & performance management, inherent risk scoring, continuous monitoring, assessment & remediation, and offboarding & termination.
Differentiator
Problem solved
Functional benefit
Products and services
- Prevalent TPRM Platform SaaS platform for third-party risk management that automates vendor risk assessments, continuous monitoring, compliance mapping, and remediation workflows for enterprise and mid-market organizations.
- Third-Party Intelligence Networks Shared intelligence network that allows customers to access and contribute vendor risk evidence about commonly used third parties, reducing duplicated assessment work and accelerating due diligence.
- Third-Party Risk Managed Services Managed services offering in which Prevalent's team operates and runs third-party risk programs on behalf of customers, including vendor assessments, monitoring, and remediation support.
Quantifiable outcome
- Assessment turnaround time reduced from weeks to days
- +2 more outcomes
Companies that use Prevalent
Customer profileNamed customers1 record
Segments5 records
Ideal customer profiles2 records
Prevalent technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature6 records
Prevalent partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights5 records
Prevalent competitors and assessment
Company assessmentDirect peers
- ProcessUnity: ProcessUnity is a dedicated TPRM platform with vendor onboarding, inherent risk scoring, and continuous monitoring capabilities that overlap almost entirely with Prevalent's core offering.
- OneTrust: OneTrust's Third-Party Risk Management module directly competes with Prevalent in automated vendor assessments, continuous monitoring, and TPRM workflows across enterprise customers, including financial services.
- Venminder: Venminder is a focused TPRM vendor offering vendor risk assessments, continuous monitoring, and managed services — closely overlapping with Prevalent's product positioning and target buyer.
Emerging players
- Panorays: Panorays focuses on automated third-party security risk assessments and continuous monitoring, with AI-driven questionnaire automation comparable to Prevalent's AI-powered assessment engine.
- SecurityScorecard: SecurityScorecard provides continuous external cyber risk monitoring and vendor ratings that complement or compete with Prevalent's continuous monitoring and intelligence network capabilities.
- LogicGate Risk Cloud: LogicGate offers a flexible GRC platform with configurable third-party risk management workflows, competing with Prevalent for mid-market and enterprise buyers seeking customizable TPRM programs.
- Bitsight: Bitsight delivers continuous vendor cyber risk ratings and third-party risk workflows, overlapping with Prevalent's continuous monitoring and inherent risk scoring features.
Broad incumbents
- RSA Archer (now Regnology/Regnify): Archer is an established enterprise GRC/IRM platform with a vendor risk management offering, often competing with Prevalent in large banks, insurers, and other regulated institutions.
- Diligent (formerly Galvanize/ACL): Diligent's GRC platform includes third-party risk management capabilities integrated with broader risk, audit, and compliance workflows, making it a broad incumbent alternative to Prevalent for enterprise buyers.
- ServiceNow Integrated Risk Management (IRM): ServiceNow's IRM suite includes a Vendor Risk Management module embedded in its broader GRC platform, competing against Prevalent especially with enterprises that already standardize on ServiceNow for ITSM and workflows.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Prevalent social profiles
Digital presencePrevalent financial estimates
Financial estimateRevenue estimate
Valuation estimate
Prevalent leadership team
Management profileNumber of profiles
Profiles6 records
Prevalent funding detail
Funding detailFunding overview
Funding rounds4 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Prevalent M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Prevalent
What does Prevalent do?
Prevalent delivers a Third-Party Risk Management (TPRM) platform that automates vendor risk assessments, continuous monitoring, and remediation across cyber, privacy, ESG, and operational risk domains. The offering combines SaaS software with a shared Third-Party Intelligence Network and managed services that let enterprises evaluate, monitor, and remediate third-party risk at scale.
Is Prevalent a public or private company?
Prevalent is a private company. It is classified as corporate owned and is currently operating.
When was Prevalent founded?
Prevalent was founded in 2004. It employs 101 to 250 people.
Where is Prevalent based?
Prevalent is headquartered in Phoenix, United States, in the North America region.
How does Prevalent make money?
Two revenue lines are on record. Software Subscription (TPRM Platform) is the primary driver. The others are managed Services.
Who are Prevalent's main competitors?
Direct peers on record are ProcessUnity, OneTrust and Venminder. Emerging players are Panorays, SecurityScorecard, LogicGate Risk Cloud and Bitsight. Broad incumbents are RSA Archer (now Regnology/Regnify), Diligent (formerly Galvanize/ACL) and ServiceNow Integrated Risk Management (IRM).
Does Prevalent have an API?
No public API is recorded for Prevalent.
What industry is Prevalent in?
Prevalent's product category is Third-Party Risk Management Software. Its primary akta.pro industry code is HDADAIAE, Third-Party/Vendor Risk Management (TPRM/VRM), with a secondary code of FSAGAFAJ, Third-Party/Vendor Risk & Due Diligence (TPRM, continuous monitoring). Its NAICS code is 5132 and its SIC code is 7372.