Demand for Third-Party Risk Management Automation, Channel Expansion Fuel Fourth-Straight Record Year
CONCORD, MASS. – January 8, 2019 – ProcessUnity, a leading provider of cloud-based applications for risk and compliance management, today announced that it finished 2018 with record revenues, led by demand for its flagship Third-Party Risk Management automation solution.
“By all measures, 2018 was a tremendous year for ProcessUnity. Our team builds and implements a great product that solves a complex problem for organizations large and small across many industries. Our customers are using our tools to power the most effective and efficient Vendor Risk Management programs and they are sharing their successes within their industries and peer networks,” said Sean Cronin, President of ProcessUnity. “Our references and new-customer growth are building brand recognition in the market which has led to channel growth, global expansion, industry accolades and a capital investment – putting us in a position for even more success in 2019 and beyond.”
ProcessUnity’s 2018 highlights include:
Customer Growth and Retention: In 2018, ProcessUnity doubled new subscription sales over 2017 and increased its customer retention rate to 94.8 percent. The growth is a direct result of the company’s channel expansion and focus on international markets. While financial services and heavy-regulated industries led demand, ProcessUnity continues to see growth in other markets including manufacturing, media and entertainment, high tech, life sciences and more. The impressive customer renewal rate continues to affirm the ongoing value of ProcessUnity’s solutions and service offerings.
Industry Recognition: ProcessUnity received the highest scores in two use cases in Gartner’s “Critical Capabilities for IT Vendor Risk Management” report. The report, written by Gartner analyst Christopher Ambrose, evaluates the capabilities of 11 Vendor Risk Management software providers and delivers product ratings and scores for key capabilities across multiple usage scenarios. Click here to access Gartner’s IT Vendor Risk Management report.
Major Product Enhancements: The company released numerous product updates throughout the year, focused on reducing administrative tasks, making users more efficient and maximizing their program effectiveness. The Fall 2018 Release alone introduced more than 50 new features and enhancements, that further extend platform configurability, enhance reporting, streamline assessment processes, and advance change management support for complex deployments.
Majority Growth Investment: In September, ProcessUnity announced it had received a majority growth capital investment from Long Ridge Equity Partners. The new capital is accelerating the company’s growth in the Third-Party Risk Management and Integrated Risk Management sectors. Long Ridge’s investment has and will continue to help enhance ProcessUnity’s global leadership position while allowing the company to build out new technologies and services to better serve its rapidly expanding customer base.
ProcessUnity’s suite of cloud-based solutions are designed to tackle numerous Governance, Risk and Compliance challenges, including Third-Party Risk Management, Policy & Procedure Management, Compliance Management and more. While each solution is unique in terms of the capabilities it provides, they all share similar characteristics that greatly benefit our customers: they are extremely easy to use; they are configurable by business users; and they deploy very quickly.
For more information on ProcessUnity, visit https://www.processunity.com.
###
About ProcessUnity
ProcessUnity is a leading provider of cloud-based applications for risk management and service delivery management. The company’s software as a service (SaaS) platform gives organizations the control to assess, measure, and mitigate risk and to ensure the optimal performance of key business processes. For public companies and regulated industries, ProcessUnity Risk Suite delivers effective governance and control, vendor risk mitigation, and regulatory compliance. For benefit plan administrators and other financial service firms, ProcessUnity Offer Management controls complex product offerings and strengthens client service experience. ProcessUnity is used by the world’s leading financial service firms and commercial enterprises. The company is headquartered outside Boston, Massachusetts. For more information, visit https://www.processunity.com.
Related Articles
ProcessUnity Unveils 2025 Third-Party Risk Management...
ProcessUnity Unveils 2025 Third-Party Risk Management Platform Innovation Plans On the heels of a momentous..
Learn MoreProcessUnity Introduces a Revolutionary Platform to...
Threat and Vulnerability Response Platform Utilizes Proprietary Threat Intelligence to Rapidly Identify Third-party Gaps and..
Learn MoreProcessUnity Recognized as a Leader in...
Leading research firm provides the company with the highest scores in the Current Offering and..
Learn MoreProcessUnity and Interos Partner to Enable...
Integration to unify third-party risk management across the enterprise and increase confidence in cyber and..
Learn MoreProcessUnity Introduces Industry’s All-In-One Third-Party Risk...
Completes Integration with Global Risk Exchange; Augments Resources to Extend Coverage to More Outsourced Service..
Learn MoreThe Boston Globe Names ProcessUnity a...
Learn MoreProcessUnity Named Winner of the Black...
Company recognized for having the potential to achieve a $1B valuation ProcessUnity, provider of comprehensive..
Learn MoreProcessUnity Achieves ISO/IEC 27001 Certification for...
Leader in helping organizations manage third-party risk verifies its data security practices with compliance for..
Learn MoreProcessUnity and CyberGRX Combine to Form...
Combined Company Integrates the Full Third-Party Risk Lifecycle, Enabling a Collaborative Risk Assessment Process Between..
Learn MoreProcessUnity Closes 2022 with Significant Growth,...
Record-Setting Year Shaped by Third-Party Risk Management Innovation, Demand for Cybersecurity Performance Management Tools Concord,..
Learn MoreThe Boston Globe Names ProcessUnity a...
Magazine honors the best employers in Massachusetts CONCORD, MASS - DECEMBER 07, 2022 – ProcessUnity,..
Learn MoreProcessUnity Acquires AI/NLP Technology from ISMS...
Extends Artificial Intelligence Capabilities for Analyzing Third-Party Risk Data CONCORD, MASS. – NOVEMBER 01, 2022..
Learn MoreProcessUnity 2022 Customer Summit Highlights Trends,...
Thought Leadership Conference Returns In-Person: Customers, Partners and Industry Experts Collaborate on Risk Innovation, Third-Party..
Learn MoreThe Boston Globe Names ProcessUnity a...
Magazine honors the best employers in Massachusetts CONCORD, MASS - DECEMBER 02, 2021 – ProcessUnity,..
Learn MoreProcessUnity Announces Significant Growth Investment from...
CONCORD, MASS – SEPTEMBER 28, 2021 – ProcessUnity, a leading provider of third-party risk and..
Learn MoreProcessUnity Wins Two Global InfoSec Awards...
Awards Validate Market Authority with Recognition in IT Vendor Risk Management, Third-Party Risk Management CONCORD,..
Learn MoreProcessUnity 2021 Virtual Customer Summit Features...
Thought Leadership Conference Goes Online to Connect Customers, Partners and Industry Experts on Risk and Compliance Innovations CONCORD, MASS. – May 18,..
Learn MoreProcessUnity Enhances Third-Party Risk Management Programs...
ProcessUnity Vendor ESG Intelligence Leverages Environmental, Social and Governance (ESG) Ratings for Informed Vendor Due..
Learn MoreProcessUnity and HCL Technologies Partner to...
ProcessUnity Vendor Risk Management Platform to Power HCL Managed Services for Third-Party Risk Management CONCORD,..
Learn MoreProcessUnity Launches Vendor Screening Intelligence Powered...
Offering Accelerates and Informs Vendor Onboarding, Due Diligence and Ongoing Monitoring CONCORD, MASS. – April..
Learn MoreProcessUnity Extends Third-Party Risk Management Market...
Demand for Next-Generation Vendor Risk Automation Tools, Partner Ecosystem Expansion Pace Fast Start to 2021..
Learn MoreProcessUnity Launches Vendor Identity Intelligence to...
Targeted Intelligence Provides Crucial Insight into Vendor Identity and Ownership for Onboarding and Due Diligence CONCORD, MASS. – April 5, 2021 – ProcessUnity, a leading..
Learn MoreProcessUnity VRM Essential Edition Brings Full-Featured...
New Offering Brings New Levels of Efficiency and Expertise to Small Vendor Risk Management Teams..
Learn MoreIdaho Central Credit Union Selects ProcessUnity...
Automates Workflows, Assessments and Due Diligence with Vendor Cyber Intelligence Solution CONCORD, Mass., March 09,..
Learn MoreProcessUnity Introduces Third-Party Risk Assessment Service...
Third-Party Risk Assessment Outsourcing Service Increases Scale, Extends Risk Expertise and Reduces Risk from Vendors..
Learn MoreProcessUnity Introduces Third-Party Risk Assessment Service...
Third-Party Risk Assessment Outsourcing Expands Risk Expertise for Greater Scale, Enhances Business Insight into Vendors and..
Learn MoreProcessUnity Introduces Cybersecurity Program Management Solution
Industry's First Comprehensive, Prepackaged Solution to Effectively Manage an Organization's Cybersecurity Program CONCORD, MASS. – December 1, 2020 – ProcessUnity, a leading..
Learn MoreProcessUnity and Dun & Bradstreet Partnership...
Data Integration Provides Expanded Insight into Financial Health of Vendors and Suppliers CONCORD, MASS. – October 20, 2020 – ProcessUnity, a leading provider of cloud-based applications for..
Learn MoreMeridian Bank Selects ProcessUnity to Streamline...
Automated Workflows, Assessments and Processes Modernize Third-Party Risk Management CONCORD, MASS. – October 14, 2020 – ProcessUnity, a leading provider of cloud-based applications for risk and compliance..
Learn MoreProcessUnity and RiskRecon Partner to Provide...
Partnership increases visibility into the security of key business partners Concord, MA, and Salt Lake..
Learn MoreProcessUnity Vendor Risk Management Now Available...
CONCORD, MASS. – SEPTEMBER 8, 2020 – ProcessUnity, a leading provider of cloud-based applications for..
Learn MoreProcessUnity Launches Vendor Financial Intelligence Powered...
Offering Provides Crucial Insight into Financial Health of Vendors and Suppliers CONCORD, MASS. – JULY..
Learn MoreProcessUnity’s Amanda Giroux Honored as One...
Director of Alliances at ProcessUnity Recognized as an Influential Channel Leader for the Second Consecutive..
Learn MoreProcessUnity Introduces Vendor Intelligence Suite, Launches...
First in a Series of ProcessUnity Vendor Intelligence Capabilities Integrates Cybersecurity Ratings for Complete Vendor..
Learn MoreEdna Conway Joins the ProcessUnity Board...
New Appointment Adds Cybersecurity and Risk Management Expertise CONCORD, MASS. – April 22, 2020 –..
Learn MoreProcessUnity Wins Two Awards for Vendor...
ProcessUnity Named Next-Gen Leader of Third-Party Risk Management and IT Vendor Risk Management CONCORD, MASS...
Learn MoreBusinesses Can Quickly Assess Third Parties...
Complimentary Questionnaire Provides Baseline for Third-Party Risk Management Teams to Survey Vendor Populations CONCORD, MASS...
Learn MoreProcessUnity Expands Vendor Risk Management Software...
New Out-of-the-Box Configuration Provides Quick-to-Deploy, Comprehensive Solution for Third-Party Risk Management CONCORD, MASS. – February..
Learn MoreProcessUnity Extends Vendor Risk Management Market...
Third-Party Risk Management Automation Demand, Increased Industry Recognition Fuel 2019 Results CONCORD, MASS. – January..
Learn MoreElaine Beitler Joins the ProcessUnity Board...
New Appointment Amplifies Vendor Risk Management Momentum CONCORD, MASS. – December 17, 2019 – ProcessUnity,..
Learn MoreProcessUnity Positioned by Gartner in the...
ProcessUnity Achieves the Highest Overall Position for Ability To Execute CONCORD, MASS. – December 4,..
Learn MoreProcessUnity Promotes Sean Cronin to CEO
CONCORD, MASS. – November 19, 2019 – ProcessUnity, a leading provider of cloud-based software for..
Learn MoreThe Boston Globe Names ProcessUnity a...
Magazine Honors the Best Employers in Massachusetts CONCORD, MASS. – November 18, 2019 – ProcessUnity,..
Learn MoreProcessUnity Awarded Two Cyber Defense Global...
Award Recognition Further Validates ProcessUnity’s Leadership in Vendor Risk Management CONCORD, MASS. – October 23,..
Learn MoreProcessUnity and Sila Partner to Deliver...
Sila Adds ProcessUnity’s Industry-Leading Third-Party Risk Management Platform to its Portfolio CONCORD, MASS. – October..
Learn MoreProcessUnity Expands Contract Management Capabilities in...
New Contract Terms Tracking Provides Greater Visibility into Vendor Commitments and Obligations CONCORD, MASS. –..
Learn MoreProcessUnity Recognized as a Leading Provider...
CONCORD, MASS. – August 29, 2019 – ProcessUnity, a leading provider of cloud-based applications for..
Learn MoreElements Alternative and ProcessUnity Announce Strategic...
Elements Alternative adds industry-leading ProcessUnity platform to its portfolio CONCORD, MASS. – July 19, 2019..
Learn MoreProcessUnity and DVV Solutions Partner to...
DVV Solutions Adds Industry-Leading ProcessUnity Platform to Its Expanding Managed Services Portfolio CONCORD, MASS. –..
Learn MoreProcessUnity Updates Intelligent Risk and Compliance...
Flexible, Powerful Automation Makes Risk and Compliance Programs More Effective and Efficient CONCORD, MASS. –..
Learn MoreProcessUnity Launches New Partner Program to...
Provides Technology and Co-Marketing Support to Help Partners Solve Business Governance Challenges CONCORD, MASS. –..
Learn MoreProcessUnity’s Amanda Giroux Honored as One...
Director of Alliances at ProcessUnity Recognized as an Influential Channel Leader CONCORD, MASS. – May..
Learn MoreNew Risk and Compliance Platform Release,...
ProcessUnity Customers, Partners and Industry Experts Gather to Shape Best Practices in Risk and Compliance CONCORD,..
Learn MoreEY, BitSight and RapidRatings to Sponsor...
Leading Organizations to Share Expertise and Best Practices at Signature Risk and Compliance Conference CONCORD, MASS...
Learn MoreProcessUnity Vendor Risk Management Update Extends...
Industry-Standard Assessment Combined with Powerful Automation Tools Enhance Vendor Risk Management Speed and Efficiency CONCORD,..
Learn MoreRegistration Opens for 2019 ProcessUnity Customer...
Customers, Partners and Industry Experts to Gather to Share Best Practices in Risk and Compliance..
Learn MoreProcessUnity Launches Newest Version of Its...
Enhanced Workflow Capabilities, Dashboard Visualizations, Assessment Automation and Formalized Change Management Highlight the Fall 2018..
Learn MoreProcessUnity Recognized in Gartner Critical Capabilities...
CONCORD, MASS. – November 14, 2018 – ProcessUnity, a leading provider of cloud-based applications for..
Learn MoreProcessUnity Appoints New Board Members to...
CONCORD, MASS, -- October 30, 2018 - ProcessUnity, a leading provider of cloud-based solutions for..
Learn MoreProcessUnity Announces Majority Growth Capital Investment...
CONCORD, MASS. – September 18, 2018 – ProcessUnity, a leading provider of cloud-based software for..
Learn MoreProcessUnity Vendor Risk Management Update Adds...
Industry-Standard Assessment Combined with Powerful Automation Tools Enhance Vendor Risk Management Speed and Efficiency CONCORD,..
Learn MoreProcessUnity Continues Fast Growth in 2017
Partner Ecosystem and Demand for Third-Party Risk Management Automation Fuel Third-Straight Record Year CONCORD, MASS...
Learn MoreFarmer Mac Selects ProcessUnity for Third-Party...
CONCORD, MASS. – October 31, 2017 – ProcessUnity, a leading provider of cloud-based solutions for..
Learn MoreProcessUnity Introduces New Version of its...
Fall 2017 Release Includes More Configuration Options, Tools to Reduce Vendor Risk Management Fatigue CONCORD,..
Learn MoreNew Risk and Compliance Platform Release,...
ProcessUnity Customers, Partners and Industry Experts Gather to Discuss Best Practices in Risk and Compliance..
Learn MoreProcessUnity Extends 2017 Customer Summit with...
CONCORD, Mass., September 22, 2017 - ProcessUnity, a leading provider of cloud-based solutions for risk management,..
Learn MoreProcessUnity Appoints Sean Cronin, Richard Wastcoat...
CONCORD, Mass., September 7, 2017 - ProcessUnity, a leading provider of cloud-based solutions for risk management,..
Learn MoreBitSight Provides ProcessUnity Customers Access to...
CAMBRIDGE and CONCORD, Mass., August 2, 2017 - BitSight, the Standard in Security Ratings, and ProcessUnity,..
Learn MoreVyStar Credit Union Selects ProcessUnity Vendor...
CONCORD, MASS. – July 25, 2017 – ProcessUnity, a leading provider of cloud-based solutions for..
Learn MoreProcessUnity Recognized by Gartner as a...
CONCORD, MASS. – July 20, 2017 – ProcessUnity, a leading provider of cloud-based solutions for..
Learn MoreRapidRatings, ProcessUnity Partnership Helps Organizations Gain...
Technology integration delivers Financial Health analytics to the third-party due diligence process NEW YORK, NY..
Learn MoreProcessUnity and NominoData Partner to Enrich...
CONCORD, MASS. – MAY 2, 2017 – ProcessUnity, a leading provider of cloud-based solutions for..
Learn MoreCadence Bank, N.A. Selects ProcessUnity Vendor...
CONCORD, MASS. – March 14, 2017 – ProcessUnity, a leading provider of cloud-based solutions for..
Learn MoreProcessUnity Updates Risk and Compliance Management...
Newest Version of Cloud-based Suite Expands Reporting and Dashboard Capabilities; Increases Configuration Options CONCORD, MASS...
Learn MoreSecurityScorecard Provides ProcessUnity Vendor Risk Customers...
Technology partnership offers, within one single platform, a comprehensive look into risk of doing business..
Learn MoreDemand for Third-Party Risk Management and...
Cloud-Based Risk Solutions Drive Record Customer and Revenue Growth in 2016 CONCORD, MASS. – January..
Learn MoreProcessUnity Updates Risk and Compliance Management...
Newest Version of Cloud-based Suite Adds SLA Tracking, Customer-Defined Subject Areas and Microsoft Word Integration..
Learn MoreProcessUnity to Host TRID Compliance and...
CONCORD, MASS. – May 10, 2016 – ProcessUnity, a leading provider of cloud-based applications for..
Learn MoreProcessUnity Hosts Inaugural Customer Summit
Industry Experts and Customers Gather to Discuss Top Trends in Third-Party Risk and Offer Management..
Learn MoreProcessUnity Integrates its Third-Party Risk Management...
SIG Integration Improves Assessment Accuracy, Shortens Response Times and Reduces Administrative Burdens for Both Organizations..
Learn MoreGlobal Lending Services Selects ProcessUnity for...
CONCORD, MASS. – March 22, 2016 – ProcessUnity, a leading provider of cloud-based applications for..
Learn MoreProcessUnity and Argos Risk Partner to...
Integration Delivers 24/7 Real-Time Risk Mitigation for Vendor Risk Management MINNEAPOLIS, MN AND CONCORD, MA..
Learn MoreProcessUnity and CastleHill Partner to Deliver...
CONCORD, MASS. – February 16, 2016 – ProcessUnity and CastleHill Managed Risk Solutions today announced..
Learn MoreProcessUnity Introduces Cloud-Based Policy and Procedure...
Online System Streamlines Policy Creation, Distribution, Certification and Updates CONCORD, MASS. – January 25, 2016..
Learn MoreDemand for Third-Party Risk Management, Product...
Cloud-Based Risk Solutions Power Record Customer and Revenue Growth in 2015 CONCORD, MASS. – January..
Learn MoreProcessUnity Names Sean Cronin President
Promotion Reflects Record 2015 Results and Customer Success Metrics Concord, Mass. — January 5, 2016..
Learn MoreSafety Insurance Group Selects ProcessUnity for...
CONCORD, MASS. – December 16, 2015 – ProcessUnity, a leading provider of cloud-based solutions for..
Learn MoreViewpost Selects ProcessUnity Vendor Cloud for...
CONCORD, MASS. – December 15, 2015 – ProcessUnity, a leading provider of cloud-based applications for..
Learn MoreVendor Risk Management Portal, Analytics Database...
Newest Version of Cloud-based Risk and Compliance Platform Streamlines Vendor Self-Assessments, Powers Advanced Analytics CONCORD,..
Learn MoreGateway Mortgage Group Selects ProcessUnity for...
CONCORD, MASS. – November 10, 2015 – ProcessUnity, a leading provider of cloud-based applications for..
Learn MoreProcessUnity Launches Newest Version of its...
Salesforce and Microsoft Office Integration, Third-Party Risk Management Enhancements Highlight Summer 2015 Release CONCORD, MASS...
Learn MoreProcessUnity Infographic: Where are Benefit Plan...
CONCORD, MASS. – December 4, 2014 – ProcessUnity today introduced a visual guide to help..
Learn MoreNTFN Selects ProcessUnity Vendor Cloud for...
CONCORD, MASS. – November 18, 2014 – ProcessUnity, a leading provider of cloud-based applications for..
Learn MoreProcessUnity Introduces Third-Party Risk Management Solution...
CONCORD, MASS. – November 10, 2014 – ProcessUnity today introduced Vendor Cloud Community Bank Edition..
Learn MoreProcessUnity and Deloitte to Co-Present at...
Presentation will outline steps for achieving service delivery excellence for retirement services providers WHO: ProcessUnity..
Learn MoreSurvey: Understanding Service Value is the...
Executives from Retirement, Health and Insurance, and Equity Compensation Organizations Sound Off to Improve Client..
Learn MoreGRC Expert Sean Cronin Joins ProcessUnity...
Signals Growing Market Demand for Vendor Risk Management Solutions CONCORD, MA — ProcessUnity, a leading..
Learn MoreProcessUnity Expands SDRM Team With Key...
ProcessUnity, a leading provider of cloud-based application software, today announced key additions to its team..
Learn MoreProcessUnity to Host “The Vendor Manager’s...
Enterprise risk management expert John Nye will examine ways to manage vendor risk and implement..
Learn MoreAndrew Cacossa Joins ProcessUnity to Lead...
Prominent GRC Sales Leader Accelerates Company Expansion ProcessUnity, a leading provider of cloud-based application software,..
Learn MoreJohn Nye to Speak on Risk...
Session will highlight the importance of improving and refining enterprise security processes WHO: John Nye,..
Learn MoreOCC Risk Management Guidance October 2013
The Office of the Comptroller of Currency recently sent a bulletin regarding third party relationship..
Learn MoreRisk Management Expert John Nye Joins...
Risk Assessment and Security Industry Veteran to Lead Risk Suite Business Concord, MA — September..
Learn MoreProcessUnity Introduces SDRM Service Delivery Risk...
SDRM Delivers an Innovative Platform for Financial Service Providers to Control Service Offerings for Greater..
Learn MoreLisa Weil Named to SPARK Institute’s...
ProcessUnity Vice President Will Help Shape National Policy for the Retirement Services Industry Washington, DC..
Learn MoreLisa Weil Joins ProcessUnity Leadership Team
Financial services industry executive to lead SDRM business Concord, MA — April 30, 2013 —..
Learn More“Venture Funding Arrives On Time for...
The Worcester Business Journal covered ProcessUnity’s recent funding announcement: For the first time in its..
Learn MoreProcessUnity Raises $5 Million, Round Led...
Funding to Boost Marketing and Distribution of Company’s Risk Management Solutions Concord, MA — April..
Learn MoreProcessUnity & KLC Consulting Offer Integrated...
Concord, MA, April 23, 2012 – ProcessUnity and KLC Consulting today announced a partnership to..
Learn MoreAbout Us
ProcessUnity is a leading provider of cloud-based applications for risk and compliance management. The company’s software as a service (SaaS) platform gives organizations the control to assess, measure, and mitigate risk and to ensure the optimal performance of key business processes. ProcessUnity’s flagship solution, ProcessUnity Vendor Risk Management, protects companies and their brands by reducing risks from third-party vendors and suppliers. ProcessUnity helps customers effectively and efficiently assess and monitor both new and existing vendors – from initial due diligence and onboarding through termination. Headquartered outside of Boston, Massachusetts, ProcessUnity is used by the world’s leading financial service firms and commercial enterprises. For more information, visit www.processunity.com.