Third-party risk management platform Prevalent announced its acquisition of U.K.-based risk and compliance firm 3GRC.
With the acquisition, Prevalent plans to build upon its products, services. and expertise while expanding its presence to the United Kingdom. Terms of the deal have not been disclosed.
3GRC’s technology will compliment Prevalent’s risk monitoring, assessment, and evidence-sharing platform with its own innovative solution for both internal and external parties.
3GRC was founded in 2015 and serves clients in the finance, banking, insurance, media, retail, and legal industries. The entire 3GRC team will stay on board and remain located in Basingstoke, Hampshire, in the United Kingdom and Cary, N.C., in the United States. Prevalent plans to hire in Hampshire to further expand its U.K. presence.