AuditBoard, a Los Angeles, CA-based supplier of a related danger platform for audit, danger, compliance and ESG administration, is to be acquired by Hg, an investor in compliance, danger and accounting software program, in a transaction valued at over $3 Billion.
Hg will assist AuditBoard speed up additional progress as the corporate continues to broaden its platform and world attain.
Led by CEO Scott Arnold, AuditBoard supplies a cloud-based related danger administration platform to handle audit, danger, compliance, and ESG administration. The corporate now serves greater than 2,000 enterprises, together with almost 50% of the Fortune 500.
Based in 2014, AuditBoard introduced earlier this 12 months it had crossed a milestone of $200m in annual recurring income throughout late 2023. Its final funding spherical occurred in 2018 – a Collection B led by Battery Ventures.
FinSMEs
24/05/2024
