Founded in 2014 by Daniel Kim and Jay Lee, AuditBoard's connected risk platform is designed to help companies leverage risk as a strategic driver. At the heart of its connected risk architecture is a unified data core that centralizes organizations’ risks, controls, policies, frameworks, issues, and more.
The company boasts over eight product modules that work together as a suite connecting controls and frameworks across audit, risk and compliance teams. AuditBoard is used by over 2,000 enterprises, including nearly half of the Fortune 500. It's been cash flow positive for a decade and was generating $200 million in annual recurring revenue in February 2024, Fortune reported.
In May 2024, AuditBoard Agreed to be acquired by Hg for over $3 billion. The partnership is expected to enhance AuditBoard's technological capabilities and extend its global reach.
$3B+ • 2024 • Acquisition
AuditBoard is the leading cloud-based platform transforming audit, risk, ESG, and InfoSec management.
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