ProcessUnity announces significant growth investment from Marlin Equity Partners

By Edlyn Cardoza

ProcessUnity, a leading provider of third-party risk and cybersecurity management software solutions, recently announced a majority-control growth investment from Marlin Equity Partners. The transaction will enable ProcessUnity to further extend its market-leading position via rapid product development, international expansion and continued investments in its people and talent. Long Ridge Equity Partners, the company’s majority shareholder since 2018, will retain a significant minority stake. 

“We are incredibly proud of the world-class business ProcessUnity has become over the past several years. With a focus on innovation, trust and alleviating vendor, partner, and third-party service provider risk for our customers, we have been able to rapidly scale our client base, expand our geographic footprint and deliver industry-leading software,” said Sean Cronin, CEO of ProcessUnity. “Marlin’s investment recognizes the strong organization we have built and positions the company to accelerate expansion and extend its leadership position. We look forward to partnering with Marlin and Long Ridge in this next chapter of our growth.” 

Hundreds of organizations worldwide rely on ProcessUnity’s highly configurable, easily deployable cloud-based tools to protect against internal and external cyber and information security risks. The company’s Vendor Risk Management software has consistently been recognized as an industry-leading solution that automates the third-party risk management lifecycle from end-to-end, while its Cybersecurity Program Management (CPM) product offers a single, comprehensive platform for centrally managing an organization’s entire cybersecurity program. Designed specifically for the Chief Information Security Officer, ProcessUnity CPM is the industry’s first comprehensive, prepackaged platform to allow businesses to evaluate and remediate cybersecurity risk effectively, schedule and automate cyber-related activities and analyze and report on cybersecurity control effectiveness across the company. Together, ProcessUnity’s customers have access to a powerful cloud suite that enables businesses to understand and manage risks across applications, systems and third parties. 

“ProcessUnity offers a leading solution with a proven ability to address the increasingly complex external security threats businesses are currently facing today,” said Peter Chung, a Managing Director at Marlin. Hemal Patel, a Principal at Marlin, added, “We are enthusiastic to partner with and support the management team through Marlin’s deep bench of operating resources and industry expertise to further scale operations, expand the customer base and deliver rapid innovation in the swiftly changing ecosystem for third-party risk and cybersecurity management software.” 

“Long Ridge is proud to have partnered with Sean and the ProcessUnity management team over the last several years of exceptional growth. Looking forward, the vendor risk management market is still in the early innings, and we believe ProcessUnity is uniquely positioned to shape its development and build on its market-leading position,” said Kevin Bhatt, a Managing Partner at Long Ridge. “We are thrilled to continue supporting the company in partnership with Marlin through its next phase of growth.” 

Raymond James & Associates served as ProcessUnity’s lead financial advisor, and DC Advisory served as co-advisor. ProcessUnity’s legal advisor was Faegre Drinker Biddle & Reath. Union Square Advisors LLC and Harris Williams acted as financial advisors, and Latham & Watkins served as legal advisors to Marlin. 

Recently, IBS Intelligence reported that 2021 has been a breakthrough year for Drawbridge. The company secured a growth equity investment from Long Ridge Equity Partners in early 2021 and named FinTech industry pioneer Scott DePetris President & Chief Operating Officer (COO) and appointed him to the Board of Directors.