The 2021 Gartner® Magic Quadrant™ for IT Vendor Risk Management Tools – Prevalent Named a Leader Again

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Prevalent Named an IT VRM Tools Leader

Prevalent is thrilled to be named a Leader again in the 2021 Magic Quadrant for IT Vendor Risk Management Tools.

Making Sense of a Crowded Leaders Quadrant

As you read this year’s Magic Quadrant report, you’ll notice that there are 10 vendors in the Leaders quadrant. How do you differentiate between vendors when so many are considered Leaders?

Strongest Vision Among Pure VRM Specialists Means You Will Be Ready for Tomorrow

“Completeness of Vision” in the Magic Quadrant includes current and future market direction, innovation, customer needs, and competitive forces and how well they map to the Gartner view of the market. We believe this market is evolving rapidly, and providers with a strong vision today are best positioned to deliver on the emerging use cases and capability requirements of tomorrow.

Prevalent believes that knowing where the market is headed, having a strategy in place to address customer needs, and building a rich roadmap of innovative new features are hallmarks of visionary solutions. Prevalent believes it features the strongest vision among pure-play vendor risk management specialists.

Combination of Vision and Execution Across All Use Cases Equals a Successful Program Today

Vision is essential for the future, but execution is about what you are delivering to customers today. With a recognized platform, vendor risk assessment services, and a vendor intelligence network, Prevalent believes we deliver the most flexible option for customers to focus on their vendor risks today.

In a tightening market, Prevalent’s primary focus on solving VRM challenges delivers what we believe are specialized intelligence, unification and a programmatic process that the other providers can’t match.

Why Prevalent for Vendor Risk Management?

We believe we are differentiated in the VRM market by offering:

• The most complete solution: We deliver unmatched flexibility and expertise by equipping you with a) a platform that automates vendor assessments; b) the largest network of completed, standardized vendor surveys and intelligence for accelerating risk identification and management; and c) the ability to outsource your vendor risk management activities to our team of experts – all backed by our fully integrated continuous monitoring solution to complement vendor assessments.
• Proven return on investment (ROI): Prevalent customers have reported identifying risks 44% faster, reducing manual work by 50%, and increasing productivity by a factor of 3-4 by leveraging our solutions.
• Comprehensive use case coverage: Not only does Prevalent assess vendor cybersecurity and data privacy risks, but also addresses non-cybersecurity concerns such as ESG, anti-bribery, modern slavery, supply chain resilience and more, integrating findings into a single solution for comprehensive risk review and analysis.

Customers choose Prevalent because they get fast time-to-value, backed by deep VRM capabilities that only a VRM specialist can deliver. Request a personalized demo, and we’ll prove it to you!

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This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Prevalent.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner, Magic Quadrant for IT Vendor Risk Management Tools, Joanne Spencer, Edward Weinstein and Luke Ellery, August 30, 2021.

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