Company Research Report: Venminder

Company Overview

• Name: Venminder

• Mission: Venminder is committed to providing innovative third-party risk management solutions and services that enable organizations to efficiently and effectively manage their vendor-related risks.

• Founded By: No information is available.

• Key People:

• Michael Berman - Chief Executive Officer, Ncontracts

• James Hyde - Chief Executive Officer, Venminder

• Kelly Vick - President

• Jim Ciortan - Chief Sales Officer

• Cindy Horn - Chief Operations Officer

• Aaron Kirkpatrick - Chief Information Security Officer

• Michael Campbell - Chief Accounting Officer

• Brian Adams - Chief Technology Officer

• Deirdre Grubbs - Chief Marketing Officer

• Headquarters: No information is available.

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Venminder is known for being an industry leader in third-party risk management solutions, providing comprehensive software and managed services to help businesses assess, monitor, and mitigate vendor risks.

Products

• Vendor Lifecycle Management:

• Manages third-party risk activities across onboarding, ongoing management, and offboarding.

• Key features include:

• Streamlined vendor onboarding

• Centralized tracking and reporting for contracts and vendor relationships.

• Automated workflows and oversight task management.

• Risk Assessments:

• Allows users to perform detailed risk assessments on vendors, covering aspects like financial health and cybersecurity.

• Key features include creating custom risk assessment questions, progress monitoring, and generating risk rating reports.

• Outsource Vendor Control Assessments:

• Offers due diligence assessments with qualified risk ratings and reviews from Venminder experts.

• Continuous Monitoring:

• Provides risk intelligence data to monitor cybersecurity, business health, financial viability, and more.

• Venmonitor™:

• A tool to centralize risk intelligence data across various domains for enhanced vendor screening and monitoring.

Recent Developments

• Ncontracts Acquisition: Venminder was acquired by Ncontracts via an Hg buyout, expanding its governance, risk, and compliance solutions capabilities.

• New Product Launches:

• Venmonitor™, a central intelligence tool for third-party risk monitoring across various domains.

• (August 2024) New Dashboards Module for enhanced vendor performance tracking and risk management.

• Recent Features:

• Launch of a new contract redlining feature for streamlined vendor risk management.

• Enhanced System and Organization Controls (SOC) Assessment to strengthen vendor control evaluations.

• Partnerships: No new partnerships information is available.

This report provides a concise overview of Venminder's operations, focusing on its executive leadership, service offerings, and latest advancements to underscore its leadership in third-party risk management. No additional commentary is included to keep the focus on data-driven insights.