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Bitsight Announces Intent To Acquire Thirdpartytrust To Simplify And Modernize Third-Party Risk Management Throughout The Entire Vendor Lifecycle

Aug 04, 2022•about 3 years ago

Acquiring Company

BitSight

Acquired Company

ThirdPartyTrust

BostonSoftwareRisk ManagementNetwork SecurityCyber SecuritySecurityInformation TechnologyRisk ManagementCyber SecuritySecuritySoftware

Description

BitSight, the Standard in Security Ratings, announced today its intent to acquire ThirdPartyTrust, a comprehensive Third-Party Risk Management (TPRM) platform which automates the processes of vendor assessment and onboarding. By integrating ThirdPartyTrust into its existing TPRM solutions, BitSight provides an end-to-end third-party risk management solution that delivers real-time insights to drive strategic decision-making throughout the entire vendor lifecycle.

Company Information

Company

BitSight

Location

Boston, Massachusetts, United States

About

Bitsight is the global leader in cyber risk management, providing unparalleled insight into risk and threat exposure across organizations' extended attack surfaces. The company's powerful asset mapping capabilities, alongside real-time threat insights, empower security leaders to stay ahead of emerging threats.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
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Post-acquisition investment
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