Prevalent has partnered with TBDCyber, a cybersecurity management consulting firm, to offer comprehensive third-party risk management (TPRM) programs.

The partnership combines Prevalent's TPRM platform with TBDCyber's consulting expertise to help clients develop, implement, and mature their TPRM programs. The collaboration aims to streamline compliance, enhance risk visibility, and improve organizational resilience against third-party threats.

The joint offering includes program assessment, design, implementation, automated data collection on vendors, and third-party risk as a service. This partnership will deliver enhanced expertise and technological solutions for more effective and efficient TPRM programs.

Analyst QuickTake: In the recent past, Prevalent has focused on establishing and enhancing its TPRM offerings. Earlier this month, the company partnered with 360factors to combine the latter's Predict360 software suite with its Third Party Risk Management Platform, offering mid-market organizations comprehensive TPRM tools. In June 2024, the company also announced updates to its third-party risk management platform, which included AI functionalities aimed at simplifying risk evaluation and threat monitoring associated with vendors and suppliers.