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Fulcrum Equity Partners and Spring Mountain Capital Invest $8 Million in Series B Growth Capital in PrevalentWARREN, N.J., Jan. 22, 2016 /PRNewswire/ -- Prevalent Inc. ("Prevalent"), a leader in vendor risk management and cyber threat intelligence analytics, announced last week it has raised $8 million in Series B financing from Fulcrum Equity Partners and Spring Mountain Capital. The round augments a 2014 Series A round by Fulcrum Equity Partners. The funds will be primarily invested in growing Prevalent's sales and marketing organization, which is focused on selling its proprietary software products and related services, along with continued software development. "We're excited and honored to partner with Fulcrum Equity Partners and Spring Mountain Capital to continue our growth strategy," said Jonathan Dambrot, CEO and co-founder of Prevalent. "We're also excited to welcome Jamie Weston, partner at Spring Mountain Capital, to our board of directors." "Last year was a record year for us and with this new funding, we're well positioned to rapidly expand our global reach and accelerate the development of our leading software and threat intelligence platform," added Norman Menz, CTO and co-founder of Prevalent. Founded in 2004, Prevalent is a leader in third-party risk management and continuous threat intelligence monitoring, providing solutions that companies use to monitor and assess the IT risks posed by their vendors and third parties. Prevalent's software allows companies to more efficiently manage the vendor assessment process and gain more objective, contextualized and real-time information on their vendors. Gartner recently named Prevalent a Visionary for IT Vendor Risk Management. "We're ery pleased to back the world-class team at Prevalent as they continue on their strong growth trajectory," said Jim Douglass, partner at Fulcrum. "We look forward to the company's innovative advancements in 2016 and beyond." About Prevalent About Fulcrum Equity Partners About Spring Mountain Capital
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/fulcrum-equity-partners-and-spring-mountain-capital-invest-8-million-in-series-b-growth-capital-in-prevalent-300208451.html SOURCE Fulcrum Equity Partners |