Hg Approaches $3 Billion Agreement to Acquire Risk Management Company AuditBoard

Reported 6 months ago

Hg has reached an agreement to acquire AuditBoard for over $3 billion, including debt, making it one of the first US West Coast deals for the London-based software specialist. AuditBoard, a California-based risk management software provider, surpassed $200 million in annual recurring revenue last year and serves over 2,000 enterprises, including nearly half of the Fortune 500 companies.

Source: YAHOO

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