Friday, May 24, 2024

AuditBoard Acquired For $3 Billion

Los Angeles-based AuditBoard, a developer of audit, risk, compliance, and ESG management software, has agreed to be acquired by a European investor for over $3 billion, the company said on Thursday afternoon. According to AuditBoard, it will be acquired by Hg, an investor in complianec, risk, and accounting software. AuditBoard says it now has more than 2,000 enterprise customers. The company's biggest investor is Battery Ventures, and the company said it last received funding back in 2018. Scott Arnold is the CEO of AuditBoard.