Mitratech completed the acquisition of Preparis and Prevalent from Insight Partners.

Mitratech, a compliance technology leader for legal, risk, and HR teams, completed the acquisition of Preparis, a premier continuity planning platform for incident management and emergency response, and Prevalent, a leader in unified third-party risk management, from Insight Partners, a private equity firm. Financial terms were not disclosed. “Flexibility is a necessity as companies are up against today’s unpredictable business market and interconnected supply chain. We’re intentionally building a risk and compliance platform that puts users back in control of their crisis management and vendor networks with simplicity and effectiveness. The tailored, self-guided nature of both Preparis and Prevalent, along with their AI-focused innovation, makes them a natural fit for Mitratech’s automated risk and compliance suite. With these additions, our risk platform is even better positioned to drive value for our customers, enabling resilience through a modern platform that delivers everything they need for success — all in one place," Mike Williams, Mitratech CEO.