Contact: Andrea Justad, 630-670-2758
andrea@headfirstenterprises.com
MILWAUKEE, MAY 2, 2017, ThirdPartyTrust, the leading vendor risk management platform provider, announced completion of its $1 million seed investment round earlier this year. This funding, which included participation from top ranked accelerator, gener8tor and other investors, will expand their client facing platform as well as their sales and marketing capabilities.
“This is an exciting milestone for us,” said founder and CEO, Anders Norremo. “The interconnected network of vendors required to do business today causes a variety of unforeseen risks. From HVAC service providers to payment processors, the systemic impact is deeply unnerving. ThirdPartyTrust’s VISION platform provides enterprises and vendors with more transparency to see where they share risk and simple ways to work together to manage it.”
Sales in the fourth quarter nearly quadrupled and the market pull already in 2017 shows no sign of stopping.
“With ThirdPartyTrust, gener8tor saw an opportunity to invest in a team with a compelling background in enterprise security and a software-as-a-service product that resonates with the security needs of our enterprise partners.” – Joe Kirgues, Co-Founder, gener8tor
With prominent healthcare, financial services and technology clients joining ThirdPartyTrust’s platform, it has become clear that the value is universally understood across a wide span of industries.
New partnership alliances with SecurityScorecard and Argos Risk signal a desire by industry peers to showcase their capabilities on the ThirdPartyTrust VISION platform. These collaborations provide more vendor insights for ThirdPartyTrust’s clients and use the VISION platform to enhance brand visibility with more users.
“As the former CEO of a manufacturing company with hundreds of outside vendors, I can attest to the importance of protecting sensitive data outside of my control. ThirdPartyTrust’s platform allows executives like me to manage those relationships and have peace of mind that my vendors place as much importance on cyber security as I do. I’m happy to be a part of Anders’ team of investors that are helping him tackle this critical need.” – John W. Miller, Arenberg Holdings
Founder and CEO, Anders Noremo is an information technology and security practitioner passionate about finding innovative approaches to manage, monitor and mitigate the vendor security risks of the fast growing digital business landscape. Working with both enterprises and vendors to streamline their processes to keep up with their specific industry and security requirements, ThirdPartyTrust’s vendor risk management platform enables seamless sharing of security related information. The user interface provides real-time insights and collaborative workflow to make improvements and updates simple for businesses to protect their customers as technology evolves.
Prior to ThirdPartyTrust, Anders served as Vice President at Firm58, where he ran deployment services and customer support. Previously, he worked at Accenture, where he managed large-scale enterprise implementations.
For more information, visit ThirdPartyTrust today.
About gener8tor
Through their programs in Milwaukee and Madison, gener8tor has made approximately ten investments a year in high-growth startups, since 2012. Consistently ranked among the Top 15 accelerators in the country, gener8tor expanded in 2016. They have been running programs in Milwaukee and Madison for a few years, but have expanded into the Beloit and Minneapolis-St. Paul markets. More information about their program is
available here.
