ProcessUnity, a Boston, MA-based provider of cloud-based applications for third-party risk and cybersecurity risk management, acquired CyberGRX, a Denver, CO-based third-party risk Exchange company.
The amount of the deal was not disclosed. Under the terms of the transaction, ProcessUnity and its investors acquired CyberGRX, whose existing shareholders participated in the deal and will retain a minority stake.
With the acquisition, the combined company will continue to offer both products to new and existing customers.
Led by CEO Fred Kneip, CyberGRX provides third-party threat intelligence, predictive risk insights, outside-in scanning and scoring, and a portfolio-wide view of security gaps. As a result, cybersecurity professionals can plan appropriately, make decisions confidently, and sleep soundly. CyberGRX is used by brands around the globe and was designed with partners including Aetna, Blackstone, and MassMutual.
Led by CEO Sean Cronin, ProcessUnity is a provider of cloud-based applications for third-party risk and cybersecurity risk management. Its platform unifies how organizations assess, measure, and mitigate risk through automation. Built by a team of risk experts and implemented within enterprises, ProcessUnity solutions align programs and people to create a well-rounded defense against critical business risks.
FinSMEs
17/07/2023