ProcessUnity offers a SaaS platform for risk and compliance management, with flagship Vendor Risk Management and a Cybersecurity Program Management (CPM) product aimed at CISOs. Its Vendor Risk Management automates the third-party risk lifecycle while CPM provides a single platform to evaluate and remediate cybersecurity risk, schedule and automate activities, and report on control effectiveness. Hundreds of organizations, including leading financial services firms and commercial enterprises, use its configurable cloud tools. Following the investment, the company plans rapid product development, international expansion, and continued investments in its people and talent. The transaction is positioned to accelerate ProcessUnity’s market-leading position in third-party risk and cybersecurity management. ProcessUnity is headquartered outside of Boston, Massachusetts. ProcessUnity provides cloud-based software for risk management, with configurable SaaS tools for Third-Party Risk Management, Policy & Procedure Management, and Compliance Management. Its Vendor Cloud automates vendor onboarding, due diligence and assessment, replacing manual spreadsheets and legacy systems. The platform gives organizations a holistic view of their vendor population, including visibility into vendor security practices, policies and performance to mitigate brand and reputational risk. The company said it has seen a record number of new global brands select ProcessUnity in 2018 and is serving a rapidly expanding customer base. ProcessUnity intends to use new growth capital to accelerate expansion in Third-Party Risk Management and Integrated Risk Management and to build out new technologies and services. The company is headquartered outside Boston, Massachusetts. ProcessUnity is a Concord, Massachusetts-based risk management software company led by president and CEO Todd Stone. It offers two core SaaS solutions: Risk Suite, which addresses information security threats and regulatory mandates, and Service Delivery Risk Management (SDRM) for financial service providers. The company’s customers range from large commercial enterprises to independent consultants. ProcessUnity raised $5m in a Series C financing. The company intends to use the capital to expand marketing and sales of its SaaS solutions. Its products target increased complexity, cost pressures, delivery risk, and regulatory requirements in financial services and other sectors. ProcessUnity is a privately-held risk management solutions company based in Waltham, MA. It offers a comprehensive suite of on-demand solutions to help companies assess, measure, and mitigate risk. The company's offerings emphasize strong IT governance and information security risk management. Specific solutions include IT/information security controls management, IT regulatory management and standards mapping, enterprise threat assessments, breach law analysis, and vendor information risk management. Financially, ProcessUnity recently raised $920,000 of a planned $1 million funding round in a debt and options financing, with nine backers participating though the filing does not identify them.

Total raised

$6M

Funding rounds

4

Latest round

Series C

Latest activity

Apr 2013