Hg has agreed to buy AuditBoard in a deal valuing the risk management software provider at more than $3 billion including debt.
The private equity firm announced the purchase of California-based AuditBoard in a
AuditBoard, a cloud-based platform for audit, risk, compliance, and ESG management, surpassed $200 million in annual recurring revenue last year. The company serves more than 2,000 enterprises, including nearly 50% of the Fortune 500, according to Thursday’s statement.
This is one of the first US West Coast deals for Hg. The London-based software specialist has ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.