San Francisco, CA
Praisidio is an Enterprise Risk Management artificial intelligence-based software company backed by venture capital. Founded in 2019 and headquartered in Silicon Valley, Praisidio’s patent-pending product Procaire is the first-of-its-kind Talent Risk Management platform, providing early employee attrition risk detection, assessment, prioritization, explanations, and action workflows to materially improve retention and employee work life. Procaire identifies and displays risk factors that adversely impact talent risk and engagement, suggests responses designed to address those risk factors, and workflows actions to ensure accountability. Procaire also serves as a system of record for talent data to support audit and compliance requirements.
Praisidio was built from the ground up with enterprise security and data privacy in mind. Praisidio’s customers entrust the company with sensitive personal data that is protected with encryption in transit and at rest. Rigorous security practices are a part of Praisidio’s DNA; the application undergoes regular penetration testing and security review by white hat security firms.
Praisidio’s customers include large enterprises that require multiple security and compliance certificates before signing on, and Praisidio set their sights on achieving their SOC 2 Type II. Deciding to get SOC 2 certified was an easy choice for a company with a focus on security — but how to get started proved more complicated. Praisidio considered gathering evidence manually or hiring a full-time SOC 2 staff role. They discussed their options with several IT directors at larger companies, some of whom employed teams of 5-20 people to manage their SOC 2 process.
Hiring new staff and building out a SOC 2 team? Praisidio thought there must be a better way to achieve SOC 2 compliance — and they were right.
Praisidio turned to Vanta for its proven expertise in guiding teams through the SOC 2 process with ease — especially first-timers. Vanta simplified Praisidio’s SOC 2 journey, paving the way for a smooth audit and Praisidio’s successful completion of their first SOC 2 Type II certificate — a particularly notable achievement for a company not yet a year old.
Praisidio’s SOC 2 compliance journey could have been tedious and time-consuming, requiring new staff and more. Instead, Vanta streamlined Praisidio’s security and compliance program with easy policy templates and real-time monitoring of controls — saving Praisidio time and money.
Praisidio’s audit in action:
“In our experience, 80% of the evidence auditors seek is addressed if Vanta screens are green.”’