ProcessUnity Acquires AI/NLP Technology from ISMS

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CONCORD, Mass., Nov. 01, 2022 (GLOBE NEWSWIRE) — ProcessUnity in the present day introduced it has acquired Artificial Intelligence and Natural Language Processing expertise from ISMS Solutions (“ISMS”), a premier supplier of technology-assisted compliance options. The patented expertise will lengthen ProcessUnity’s market-leading Third-Party Risk Management platform, permitting organizations to evaluate giant volumes of vendor due diligence responses.

“Organizations spend a significant portion of their overall effort reviewing and verifying vendor assessment questionnaires and the associated policies and procedures that accompany them. It’s a labor-intensive process that lacks uniformity across teams,” stated Sean Cronin, Chief Executive Officer at ProcessUnity. “Our acquisition of the ISMS technology will apply meaningful artificial intelligence capabilities to vendor due diligence data, quickly comparing and scoring assessment information against established industry standards.”

ProcessUnity will incorporate the ISMS expertise into its Third-Party Risk Management software program platform to permit organizations to quickly overview vendor due diligence responses. In addition to assessing extra third events extra successfully in much less time, the expertise will guarantee consistency throughout vendor danger opinions.

Peter Chung, Managing Director at Marlin, and Hemal Patel, Principal at Marlin, added, “ProcessUnity has identified a compelling use case for artificial intelligence that solves one of the toughest tasks associated with pre- and post-contract vendor due diligence. We’re excited to add ISMS’ capabilities to the ProcessUnity platform and extend the company’s leading position in the market.”

Massumi + Consoli LLP served as authorized advisor to ProcessUnity. TD Securities served as monetary advisor, and Loeb & Loeb LLP served as authorized advisor to ISMS Solutions.

About ProcessUnity

ProcessUnity is a number one supplier of cloud-based purposes for danger and compliance administration. The firm’s software program as a service (SaaS) platform offers organizations the management to evaluate, measure, and mitigate danger and to make sure the optimum efficiency of key business processes. ProcessUnity’s flagship answer, ProcessUnity Vendor Risk Management, protects firms and their manufacturers by lowering dangers from third-party distributors and suppliers. ProcessUnity helps clients successfully and effectively assess and monitor each new and present distributors – from preliminary due diligence and onboarding by means of termination. Headquartered exterior of Boston, Massachusetts, ProcessUnity is utilized by the world’s main monetary service corporations and business enterprises. For extra data, go to www.processunity.com.

About Marlin Equity Partners

Marlin Equity Partners is a world funding agency with over $8.2 billion of capital below administration. The agency is targeted on offering company dad and mom, shareholders and different stakeholders with tailor-made options that meet their business and liquidity wants. Marlin invests in companies throughout a number of industries the place its capital base, business relationships and in depth community of operational assets considerably strengthen an organization’s outlook and improve worth. Since its inception, Marlin, by means of its group of funds and associated firms, has efficiently accomplished over 200 acquisitions. The agency is headquartered in Los Angeles, California with a further workplace in London. For extra data, please go to www.marlinequity.com.

About ISMS Solutions

ISMS Solutions is the premier supplier of technology-assisted compliance options. ISMS Solutions’ instruments incorporate machine studying to permit firms to extra rapidly and cost-effectively obtain and keep compliance with safety requirements with the intention to stay within the provide chain and higher serve their clients.


        



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