SaaS-based Procurement Performance Management (PPM) solution provider, Per Angusta, announced today it has partnered with Darkbeam, which specialises in the collection, processing and analysis of data to provide bespoke digital risk solutions. The partnership means procurement teams can better understand the cyber threats and vulnerabilities within their supply base and reduce the threat of digital risk.
Per Angusta streamlines day-to-day strategic sourcing activities so that purchasing teams can increase agility and efficiency while managing and sharing their performance with Finance and other stakeholders. The solution provides transparency and collaboration to more than 8000 users in 83 countries.
Darkbeam was founded by former military and intelligence professionals, and its bespoke digital risk solutions help clients around the world to understand the real-time cyber threats and the vulnerabilities of their organisations, giving them instant assessment of third-party digital risk levels.
The partnership means procurement teams using Per Angusta’s PPM platform can now access Darkbeam’s digital risk scores in seconds which summarise the cyber threats and level of risk exposure of their most vulnerable suppliers.
Said Justin Leary, Head of Intelligence at Darkbeam: “we are committed to helping procurement professionals understand their supply chain risks and protect their business, by adding Darkbeam’s digital risk scores into the Per Angusta platform, we’re giving buyers a valuable new source of insight they can use to make purchasing decisions with confidence.”
And Pierre Laprée, CEO at Per Angusta said: “Procurement teams need better visibility into their suppliers’ security standards to identify the biggest threats in their supply chain. We are thrilled to incorporate Darkbeam’s market-leading digital risk scores as part of our intuitive platform built for buyers, by buyers.”
The announcement has just broken, and we understand there will be a press release on the wires tomorrow – so do look out for more details. As supply chains become longer and more complex, they are becoming more and more vulnerable to cyberattacks. It is more frequently the case that cybercriminals attack global companies via their smaller suppliers (one example being the recent cyberattacks on Airbus suppliers which led to unauthorised access to sensitive technical documents).
ISO standards are no longer enough for procurement professionals tasked with measuring suppliers’ security performance, says Per Angusta, because they cannot keep up with the accelerating pace of cybercrime trends.
So we will look with interest at how this partnership develops and the benefits customers are finding from this added, and crucial, functionality for performance management solutions at a time when massive digitisation brings more need for corporate accountability, collaboration, and responsibility.