Expent Inc GTM brain
Expent built AI-assisted vendor lifecycle and procurement software and has been acquired by Hyperproof.
category
Vendor lifecycle and third-party risk managementmarket profile
- text: Expent originally described a marketplace for faster software procurement, subsequently expanding into vendor lifecycle and risk management.
- text: Hyperproof acquired Expent, connecting its governance and compliance platform with vendor and third-party risk management.
- text: Procurement automation competes for budget by reducing approval friction while coordinating risk reviews.
personas
- title: Head of procurementpains:
- Software purchase requests and vendor reviews get delayed across multiple stakeholders
- Needs purchasing control without forcing employees through opaque processes
- title: Third-party risk or security leaderpains:
- Vendor assessments consume time across security, procurement and suppliers
- Risk evidence and renewals can become disconnected from intake
- title: Vendor management or legal leadpains:
- Contract and renewal information is scattered across systems
- Approval bottlenecks create late reviews and reduce negotiating time
icp
- text: Organizations with a substantial software vendor base and cross-functional procurement, legal, finance, IT and security reviews are a likely fit; size thresholds are not disclosed.
- text: GRC teams aiming to tie ongoing vendor assessments to procurement are relevant to the acquired product's positioning.
objections
- objection: We already use a purchasing platform.response: Map the existing intake, security, contract and renewal steps against the current Hyperproof offering and establish where it adds coverage.
- objection: What happened to the standalone product after acquisition?response: Confirm current packaging, support, integrations and contracting directly with Hyperproof.
competitors
- name: Zipwhy: AI procurement and approval workflows with risk management overlap.
- name: Taloflowwhy: Technology vendor evaluation and procurement alternative identified by CB Insights.
- name: Omneawhy: AI procurement platform addressing purchasing processes and vendor management.
influencers
- name: Srikanth Veeraraghavanurl: https://www.linkedin.com/in/srikanth-veeraraghavan-426bb825why: Expent co-founder who discusses vendor lifecycle and the acquisition.
keywords
- software procurement workflow
- vendor lifecycle management
- third party risk management software
- vendor security assessment
- procurement intake automation
- vendor renewal management
voice
- practical
- speed and control oriented
- risk aware
signals
- text: A procurement organization is standardizing intake and cross-functional vendor reviews.
- text: A risk team is moving from one-time assessments to ongoing vendor oversight.
pricing
model: unknown
motion
unknownchannels
- partner ecosystem
confidence
lowFounders
- name: Harikrishna Narayanantitle: Founderrole: Founderbio: In 2020 Hari co-founded Expent. Prior to Expent, Hari was running the Machine Learning Services Product and Engineering group at Workday as a director where he was responsible for designing and executing the strategy & vision for multiple Machine Learning services. Before Workday, Hari led multiple data initiatives at Yahoo. Hari has a Masters in Computer Science from Georgia Institute of Technology and Bachelors from PSG Tech, India.
- name: Srikanth Veeraraghavantitle: Founderrole: Founderbio: Srikanth is a co-founder of Expent. Prior to Expent, he was the Head of Security, Privacy and Compliance at PlanGrid. Prior to that, he was an early member of Zendesk’s Pre-IPO security team. He has more than 8+ years of extensive Security and Privacy experience working at various small, medium and large security companies. He has a Masters in Information Security from Johns Hopkins University and a Bachelors in Information Technology from Vellore Institute of Technology, India.