ProcessUnity acquires AI/NLP technology from ISMS

CONCORD, Mass., Nov. 01, 2022 (GLOBE NEWSWIRE) — ProcessUnity announced today that it has acquired artificial intelligence and natural language processing technology from ISMS Solutions (“ISMS”), a leading provider of technology-enabled compliance solutions . The patented technology will extend ProcessUnity’s market-leading third-party risk management platform and enable companies to assess large volumes of supplier due diligence responses.

“Organizations devote a significant portion of their overall effort to reviewing and verifying supplier assessment questionnaires and associated policies and procedures. It’s a labor-intensive process that lacks consistency across teams,” said Sean Cronin, chief executive officer at ProcessUnity. “Our acquisition of ISMS technology will apply powerful artificial intelligence capabilities to vendor due diligence data, quickly comparing and scoring scoring information against established industry standards.”

ProcessUnity will integrate ISMS technology into its third-party risk management software platform to enable companies to quickly review vendor due diligence responses. Not only will the technology enable more effective third-party assessments in less time, but it will also ensure consistency across all vendor risk reviews.

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 most challenging vendor due diligence challenges. We are excited to add ISMS capabilities to the ProcessUnity platform and extend the company’s leadership position in the market.”

Massumi + Consoli LLP acted as legal counsel to ProcessUnity. TD Securities acted as financial advisor and Loeb & Loeb LLP acted as legal advisor to ISMS Solutions.

About ProcessUnity

ProcessUnity is a leading provider of cloud-based risk and compliance management applications. The company’s Software as a Service (SaaS) platform gives organizations the control to assess, measure and mitigate risk and ensure optimal performance of critical business processes. ProcessUnity’s flagship solution, ProcessUnity Vendor Risk Management, protects businesses and their brands by reducing third-party and supplier risk. ProcessUnity helps clients effectively and efficiently assess and monitor both new and existing vendors, from initial due diligence and onboarding to termination. Headquartered outside of Boston, Massachusetts, ProcessUnity is used by the world’s leading financial services and retail organizations. Visit http://www.processunity.com for more information.

About Marlin Equity Partners

Marlin Equity Partners is a global investment firm with over $8.2 billion of capital under management. The company is focused on providing parent companies, shareholders and other stakeholders with customized solutions that meet their business and liquidity needs. Marlin invests in companies across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly enhance a company’s prospects and add value. Since its inception, Marlin has successfully completed over 200 acquisitions through its group of funds and affiliates. The company is headquartered in Los Angeles, California with an additional office in London. Visit www.marlinequity.com for more information.

About ISMS solutions

ISMS Solutions is the leading provider of technology-enabled compliance solutions. ISMS Solutions tools incorporate machine learning to enable companies to achieve and maintain security compliance faster and more cost-effectively to stay in the supply chain and better serve their customers.

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