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AuditBoard Achieves Leadership Status in Government Risk and Compliance Software

AuditBoard, a pioneering AI-driven platform in the field of connected risk management, has recently announced its recognition as a leader in the IDC MarketScape for Worldwide Governance, Risk, and Compliance (GRC) Software for 2025. This prestigious designation underlines the platform's notable impact on how organizations approach risk management, audited compliance, and governance strategies globally.

A Testament to Innovation

In a world that increasingly values data-driven decision-making, AuditBoard positions itself at the forefront by leveraging artificial intelligence. The firm’s technology has transformed traditional audit processes, enabling companies to manage risks effectively across their operations with greater ease and accuracy.

Happy Wang, the Chief Technology Officer of AuditBoard, expressed the company’s gratitude for this commendation, saying, "We are honored to be named a Leader in the 2025 IDC MarketScape for GRC Software. Our commitment to continuous improvement is driven by customer feedback that informs our product roadmap. This ensures that we adequately empower organizations to enhance their resilience and bolster revenue growth."

Strengths for Success

According to the IDC MarketScape report, AuditBoard exhibits several distinct strengths:

• - Streamlined Risk Management: Their advanced platform offers automated risk management programs across the entire lifecycle of risk.
• - AI Integration: The workflows incorporated in the platform enhance the effectiveness of risk management processes.
• - Agility in Management: Automated exception management workflows provide flexibility, allowing organizations to respond to issues promptly.

These features enable businesses to harness their resources efficiently, making AuditBoard an indispensable ally in navigating the complexities of governance and regulatory landscapes.

Market Responses and Achievements

Philip D. Harris, the Research Director for Governance, Risk, and Compliance Services at IDC, emphasized AuditBoard's unique position in the market. He noted that their team comprises industry veterans from audit and cybersecurity backgrounds, which gives the company a competitive edge and enhances client trust.

Moreover, AuditBoard has demonstrated a consistent commitment to its growth and adaptation strategies. Since extending its footprint internationally to Germany, it now services over half of the Fortune 500 companies. Furthermore, AuditBoard was noted on the Deloitte Fast 500 list for the sixth consecutive year and was a major success story in 2024 when it was acquired by Hg, a London-based private equity firm, for more than $3 billion in one of the year's most significant transactions in the venture capital world.

Industry Recognition

AuditBoard's increasing significance in the industry is marked by additional recognitions beyond the IDC MarketScape. The platform was also acknowledged in the IDC MarketScape for Sustainability Management Platforms and ESG Reporting Applications for 2025. Additionally, it has earned the distinction of G2’s Best Software Products for two years running and was awarded the Cybersecurity Breakthrough Award as the Overall Best Risk Management Solution in 2024.

Looking Ahead

As AuditBoard continues to evolve, it aims to further enrich its offerings, ensuring unparalleled value for its customer base. Their successful integration of AI with robust risk management software positions them well for the future, promoting not only better decision-making but also fostering a culture of compliance and transparency within organizations globally.

To explore more about AuditBoard's connected risk platform and how it can transform your organization's approach to governance and compliance, visit their website for additional information and resources.