Fulcrum-backed Prevalent hires chief strategy officer

Prevalent, which is backed by Fulcrum Equity Partners, has hired Matthew Hicks as chief strategy officer. Hicks is the former executive-in-residence at Grandbanks Capital. Headquartered in Warren, NJ, Prevalent is a provider of third-party risk and vendor threat intelligence solutions.

PRESS RELEASE

WARREN, N.J.–(BUSINESS WIRE)–Prevalent, the third-party risk and vendor threat intelligence innovators, today announced Matthew Hicks has been hired as Chief Strategy Officer (CSO). In this role, Hicks will work closely with the company’s co-founders to accelerate Prevalent’s corporate development efforts by capitalizing on the recent four million dollar equity investment made by Fulcrum Equity Partners and uncovering new business opportunities and strategic alliances.

“We are delighted that Matt has joined the Prevalent team,” says Jonathan Dambrot, CEO and Co-Founder of Prevalent. “His proven expertise in financial management, business development and strategic alliances will be instrumental in taking our company to the next level. Furthermore, his background in information security will help us to ensure that our value proposition is being clearly communicated, and that we are meeting our business goals and objectives.”

Prior to joining Prevalent, Hicks served in a number of high-profile roles including the Executive in Residence for Grandbanks Capital where he originated and evaluated venture stage investments in cyber security, cloud and big data companies, as well as the head of corporate development, M&A and strategic investments at RSA Security, the Security Division of EMC.

“Prevalent has a unique solution that addresses one of the most pressing security issues today and putting businesses of all sizes and verticals and their customers at risk,” says Hicks. “It’s an exciting opportunity to lead the strategy and corporate business development of such an innovative and forward-looking company.”

Earlier in his career, Hicks was a Co-founder, President and COO at several early stage technology companies including Arigo, a pioneer in the global vendor compliance arena. He was also a venture investor at Redleaf Ventures and led numerous venture capital investments in the Technology Group at GE Equity, the private equity arm of General Electric.

Hicks received his MBA from the FW Olin Graduate School of Business at Babson College with a concentration in entrepreneurial finance.

For more information regarding Prevalent visit www.prevalent.net; email info@prevalent.net; or call 877-PREVALENT.

About Prevalent
Prevalent is a vendor risk and cyber threat intelligence innovator with a reputation for developing cutting-edge technologies and highly-automated services that are proven to help organizations reduce, manage and monitor the security threats and risks associated with third-party vendors. www.prevalent.net

 

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