Startups > Protecht

Protecht

Protekt helps enterprises systematically manage risk through configurable GRC software.

Private Equity $322M total Founded 1999 Sydney, New South Wales 183 employees

Protekt is an enterprise risk management (ERM) software platform that helps large organizations structure, monitor, and manage risk across governance, compliance, operational resilience, vendor management, and business continuity. Founded in 1999 by former PwC risk leaders, the company has grown to 183 employees and recently raised $280M from PSG Equity. With a 97% annual customer retention rate and recognition as a G2 Top 50 GRC vendor and Gartner representative vendor, Protekt serves Fortune 500 companies and financial institutions globally.

Problem solved

Large organizations lack integrated systems to link risk appetite statements, controls, assessments, and incident data, forcing them to rely on fragmented spreadsheets and manual processes that slow decision-making.

Target customer

Large enterprises, financial institutions, and government organizations with complex risk management, compliance, and operational resilience requirements. Typical customers have 500+ employees and multi-jurisdictional operations.

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Founders

David Bergmark

Co-Founder (Former CEO)

Former Chief Risk Officer at IBJ Australia Bank (Mizuho), started at Price Waterhouse in 1990, degree in Finance and Accounting from UNSW, Fellow of FINSIA.

David Tattam

Co-Founder

GRC thought leader who met Bergmark at PricewaterhouseCoopers in the late 1980s, saw the opportunity to modernize risk management systems.

Funding history

Series A $30M February 2022 Led by Arrowroot Capital

Series B $12M 2023 Led by MARS Growth Capital

Private Equity $280M March 25, 2025 Led by PSG Equity

Total raised: $322M

Industries

Enterprise Resource Planning (ERP) Consulting Risk Management Software

Pricing

Custom quote model based on number and type of active users. Starting price reported around $45,000/year. Premium modules (Operational Resilience, pre-configured templates) carry additional costs.

Notable customers

First Tech Federal Credit Union, UNSW, Pay.UK, Transurban, WorldRemit, Toyota Financial Services, Impax, Freeway, Pinnacle, First Central Group, NZAA

Integrations

Microsoft Outlook, Jira, Microsoft Teams, Okta, SecurityScorecard, Microsoft 365, Salesforce, HubSpot, Amazon Web Services, DocuSign

Tech stack

jQuery (JavaScript libraries) core-js (JavaScript libraries) Open Graph HTTP/3 DocuSign HubSpot CMS Hub (CMS) HubSpot Analytics (Analytics) Facebook Pixel (Analytics) Cloudflare Bot Management (Security) HSTS (Security) Microsoft 365 (Email) cdnjs (CDN) Cloudflare (CDN) HubSpot (Marketing automation) AdRoll (Advertising) Google Tag Manager (Tag managers) Salesforce (CRM) Amazon Web Services (PaaS) AdRoll CMP System (Cookie compliance) HubSpot Cookie Policy Banner (Cookie compliance)

Website

protechtgroup.com/

Competitors

Camms

Competing GRC platform with different approach to risk management configuration.

SafetyCulture

Risk and safety management platform, broader focus on operational safety vs. enterprise-wide risk governance.

Why this matters: Protekt has achieved rare 97% customer retention over 25+ years while remaining privately held until recently, signaling genuine enterprise product-market fit rather than hype-driven growth. The $280M PSG Equity investment and acquisition of AI-powered VISO TRUST position it as a consolidator in the GRC space, and recognition from Gartner, Forrester, and G2 as a leader validates its enterprise traction.

Best for: Large enterprises and financial institutions that need a comprehensive, integrated risk management platform to unify risk assessments, compliance incidents, vendor risk, and operational resilience across the organization.

Use cases

Linking Risk Appetite to Controls

A global bank uses Protekt to connect its risk appetite statement directly to control assessments and key risk indicators, enabling leadership to see the full line of sight from strategy to execution and identify control gaps in real time.

Third-Party Risk Management at Scale

A financial services firm with 500+ vendors uses Protekt's vendor risk module (enhanced by the recent VISO TRUST acquisition's AI capabilities) to automate vendor assessments, reduce review time by 50%, and stay compliant with regulatory requirements.

Operational Resilience Reporting

A payments company leverages Protekt's operational resilience module to map and monitor critical third-party dependencies, test recovery scenarios, and produce automated board-ready reports in weeks rather than months.

Incident and Compliance Tracking

A regulated utility uses Protekt to log compliance incidents, track remediation, and automatically escalate breaches, eliminating manual spreadsheet tracking and improving audit trail visibility.

Alternatives

ServiceNow GRC Broader enterprise platform with integrated IT service management; better for organizations already on ServiceNow but less specialized in risk management.

LogicGate Lower-cost, faster-to-deploy GRC solution; better for mid-market companies but less sophisticated for complex enterprise risk architectures.

AuditBoard Audit-focused GRC platform; better for organizations prioritizing internal and external audit workflows vs. comprehensive risk management.

FAQ

What does Protekt do? +

Protekt is an enterprise risk management platform that helps organizations structure and manage risk across governance, compliance, operational resilience, vendor risk, IT risk, and business continuity. It integrates risk appetite statements, control assessments, incidents, and key risk indicators into a single system to enable faster, data-driven risk decisions.

How much does Protekt cost? +

Protekt uses custom pricing based on the number and type of active users, with a reported starting price around $45,000/year. Premium modules for operational resilience or pre-configured templates carry additional fees. Contact sales for an exact quote.

What are alternatives to Protekt? +

ServiceNow GRC (broader enterprise platform), LogicGate (faster to deploy, more affordable for mid-market), and AuditBoard (audit-focused). Camms and SafetyCulture also compete in the GRC space.

Who uses Protekt? +

Large enterprises and financial institutions, including First Tech Federal Credit Union, Toyota Financial Services, Transurban, WorldRemit, and UNSW. Typical customers have complex, multi-jurisdictional risk environments and 500+ employees.

How does Protekt compare to ServiceNow GRC? +

Protekt is purpose-built for enterprise risk management and offers deeper risk-specific features (operational resilience, vendor risk, KRIs). ServiceNow GRC is part of a broader platform and better for organizations already using ServiceNow's ITSM tools. Protekt requires longer implementation but delivers more sophisticated risk modeling.

What is Protekt's customer retention rate? +

Protekt has a 97% annual customer retention rate, indicating strong product-market fit and customer satisfaction.

Has Protekt made recent acquisitions? +

Yes, in April 2025 Protekt acquired VISO TRUST, a US-based third-party risk management platform with AI-powered capabilities, to enhance its vendor risk and third-party management features.