Mitratech Solidifies Position in Enterprise Risk Software, Connecting AI-Enabled Third-Party Risk Management, Business Continuity Planning, & More
2024年10月3日 - 1:00AM
Mitratech, a global compliance technology leader for legal, risk,
and HR teams, is excited to announce the expansion of its leading
enterprise risk management platform with several technology
developments and the dual acquisition of two companies: Preparis, a
premier continuity planning platform for incident management and
emergency response, and Prevalent, a leader in unified third-party
risk management (TPRM). The advancements mark an inflection point
for Mitratech as heightened supply chain challenges and an
increasingly interconnected threatscape fuel the rising demand for
better cross-functional visibility and AI-powered risk management
capabilities.
"In today’s complex risk landscape, organizations increasingly
recognize that risks do not exist in isolation,” said Michael
Rasmussen, Founder of GRC 20/20 Research and internationally
recognized GRC pundit. “The cascading effects of interconnected
risks are growing in severity and scale, making it crucial for
businesses to move beyond siloed risk management approaches.
Mitratech’s announcement to connect AI-enabled risk review,
business continuity planning, and third-party risk management will
empower organizations with the necessary risk visibility. Without
this perspective, businesses are navigating the complexities of
today’s environment blindfolded, exposing themselves to unforeseen
vulnerabilities."
Mitratech has made several notable investments to its enterprise
risk management platform in 2024 focused on increasing risk
awareness and transparency, including anonymous hotline reporting
and compliance training, generative AI-based evidence
summarization, advanced document mapping, and sentiment analysis.
This ongoing commitment to organic development — alongside the
strategic acquisition of complementary technologies — has earned
the portfolio several industry achievements over the last twelve
months, including recognition as a three-time QKS Group SPARK™
Matrix GRC Market Leader, Five Telly Awards for Excellence in
eLearning and Compliance Training, and the positive industry
reception of the 2024 edition of Mitratech’s coveted State of
Ethics Reporting Hotlines Research Report.
“Flexibility is a necessity as companies are up against today’s
unpredictable business market and interconnected supply chain,”
said Mike Williams, Mitratech CEO. “We’re intentionally building a
risk and compliance platform that puts users back in control of
their crisis management and vendor networks with simplicity and
effectiveness. The tailored, self-guided nature of both Preparis
and Prevalent, along with their AI-focused innovation, makes them a
natural fit for Mitratech’s automated risk and compliance suite.
With these additions, our risk platform is even better positioned
to drive value for our customers, enabling resilience through a
modern platform that delivers everything they need for success —
all in one place.”
Mitratech acquired Prevalent from Insight Partners.
About Mitratech
Mitratech is a proven global technology partner for corporate
legal, risk, compliance, and HR professionals seeking to maximize
productivity, control expense, and mitigate risk by deepening
organizational alignment, increasing visibility, and spurring
collaboration across an enterprise. Mitratech serves over 20,000
organizations worldwide, spanning more than 160 countries.
For more information, visit: www.mitratech.com.
About Insight PartnersInsight Partners is a
global software investor partnering with high-growth technology,
software, and Internet startup and ScaleUp companies that are
driving transformative change in their industries. As of June 30,
2024, the firm has over $80B in regulatory assets under management.
Insight Partners has invested in more than 800 companies worldwide
and has seen over 55 portfolio companies achieve an IPO.
Headquartered in New York City, Insight has offices in London, Tel
Aviv, and the Bay Area. Insight’s mission is to find, fund, and
work successfully with visionary executives, providing them with
tailored, hands-on software expertise along their growth journey,
from their first investment to IPO. For more information on Insight
and all its investments, visit insightpartners.com or follow us on
X @insightpartners.
A video accompanying this release is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/6f02145d-241f-4cf0-9962-5a86bd0328a0