Draft:AuditBoard
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Comment: Most of the links 404. The Axios one doesn't even mention the Fortune 500. Anerdw (talk) 02:23, 21 June 2025 (UTC)
| Company type | Private |
|---|---|
| Industry | Enterprise software, SaaS |
| Founded | 2014 |
| Founders | Daniel Kim, Jay Lee |
Key people | Scott Arnold (CEO) |
| Products | Risk management, audit software, compliance tools |
| Revenue | $200 million ARR (2024) |
| Owner | Hg |
| Website | auditboard.com |
AuditBoard is an American cloud-based platform that provides software for audit, risk, and compliance management. Founded in 2014, the company serves enterprises seeking to manage internal audit processes, risk assessments, IT compliance, and environmental, social, and governance (ESG) initiatives. Its products are used by organizations across a range of industries, including approximately half of the Fortune 500.[1]
History
[edit]AuditBoard was founded in 2014 by Daniel Kim and Jay Lee, both former auditors. The company is headquartered in Los Angeles, California.[2]
In 2018, the company raised $40 million in a Series B funding round led by Battery Ventures to expand product development and go-to-market operations.[3]
By early 2024, AuditBoard reported that it had surpassed $200 million in annual recurring revenue (ARR).[4]
Acquisition
[edit]In May 2024, AuditBoard was acquired by London-based private equity firm Hg for approximately $3 billion. The acquisition was aimed at accelerating product innovation and international expansion.[1][2]
Products
[edit]AuditBoard offers cloud-based modules to manage:
- **SOX compliance**
- **Internal audit workflows**
- **Enterprise risk management (ERM)**
- **IT risk and compliance (ITRC)**
- **ESG program oversight**
The platform is designed to integrate with cloud services, including Google Workspace, Microsoft 365, and major GRC tools.[5]
Reception
[edit]AuditBoard has been recognized for its ease of use and scalability by G2 and other review platforms. In 2023, it ranked as a Leader in the G2 Audit Management Grid.[6]
Recognition
[edit]AuditBoard has been featured on the Deloitte Technology Fast 500 list and ranked as a leader on G2’s Grid for Audit Management Software.[7][8]
See also
[edit]- Governance, risk management, and compliance
- Sarbanes–Oxley Act
- Risk management
- Software as a service
- Enterprise software
References
[edit]- ^ a b "AuditBoard's $3 billion buyout shows that boring can be better". Axios. 2024-05-24. Retrieved 2025-06-19.
- ^ a b "AuditBoard Acquired by Hg in $3 Billion Deal". Los Angeles Business Journal. 2024-05-23. Retrieved 2025-06-19.
- ^ "AuditBoard Raises $40 Million to Modernize Audit and Risk Management". Business Wire. 2018-09-12. Retrieved 2025-06-19.
- ^ "AuditBoard surpasses $200 million in ARR". SecurityWeek. 2024-03-13. Retrieved 2025-06-19.
- ^ "AuditBoard Adds ESG and ITRM Solutions to Platform". CPO Magazine. 2023-08-10. Retrieved 2025-06-19.
- ^ "G2 Spring Grid Report: AuditBoard ranked as leader". Retrieved 2025-06-19.
- ^ "2023 Deloitte Technology Fast 500 Winners". Deloitte. Retrieved 2025-06-19.
- ^ "Best Audit Management Software". G2.com. Retrieved 2025-06-19.
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