PHOENIX, Jan. 12, 2022 /PRNewswire/ — Prevalent, Inc., the company that takes the pain out of third-party risk management (TPRM), today announced a record-breaking 2021, laying the groundwork for an exceptional 2022 while further validating the company’s leadership position. Expanding on the company’s momentum from the first three quarters, Prevalent:
- Grew total billings in Q4 2021 by 41% over Q4 2020, driven by an exceptional 232% growth in existing customer add-on sales
- Increased Q4 2021 customer satisfaction, evidenced by a market-leading +59 NPS®
- Grew annual recurring revenue (ARR) by more than 30% over 2020, with partner originated bookings growing by 181% year over year
“Over the last eighteen months, companies have been tasked with maintaining their own business resilience while dealing with an unprecedented increase in third-party cybersecurity attacks, supply chain disruptions and new compliance requirements,” stated Kevin Hickey, CEO of Prevalent. “Prevalent has answered the call, helping companies address risk at every stage of the vendor lifecycle. Our significant growth over 2020 clearly demonstrates that customers depend on and trust us to ensure that…
