NEW YORK, Nov. 28, 2016 /PRNewswire/ -- Spring Mountain Capital is pleased to announce the sale of its interest in Prevalent, Inc., a leader in third-party risk management and vendor threat intelligence, to Insight Venture Partners. Prevalent provides third-party risk management and continuous threat intelligence monitoring solutions that companies use to monitor and assess the IT risks posed by their vendors and third parties. Prevalent's software solutions allow companies to more efficiently manage the vendor assessment process and gain more objective, contextualized, and real-time information on their vendors. Spring Mountain Capital led Prevalent's Series B financing in January 2016, with participation from existing investor Fulcrum Equity. "We seek to invest in leaders within innovative technology sectors," said John L. ("Launny") Steffens, founder of Spring Mountain Capital. "As the first company to deliver a robust vendor assessment automation platform, we believe that Prevalent is a prime example of such a partnership." "We are pleased to announce the successful sale of our interest in Prevalent in less than 10 months," said Jamie Weston, Managing Director of Spring Mountain Capital and Prevalent board member. "Our initial investment in Prevalent was predicated on the anticipated growth in the sector, the uniqueness of the product offering and the traction of the business. However, we primarily invested based on the talent and vision of Jonathan Dambrot and Norman Menz. Upon investing we could not have asked for a more productive and collaborative partnership. We are confident they will continue to build Prevalent into the de facto leader in vendor risk management." Since the Series B financing, Prevalent launched the Legal Vendor Network, a membership-based program designed for law firms to assess and monitor third-party vendors through a centralized data repository. Prevalent furthered its strategy to develop vertical vendor networks that dramatically reduce the overhead associated with third-party risk mitigation with the launch of its Higher Education vendor risk network in June. Prevalent also released its VendorThreatIQ™ product, which introduced two new risk scores that provide unprecedented insight into vendors' ability to protect their data in today's threat environment.