AuditBoard has announced a definitive agreement to acquire FairNow, expanding its capabilities in AI governance for audit, risk and compliance.
The acquisition brings FairNow’s AI registry, dynamic risk assessments and automated compliance tools into AuditBoard’s Connected Risk Platform with the goal of creating a more unified and intelligent system for managing enterprise risk.
Raul Villar, chief executive officer at AuditBoard, said: “The speed of AI adoption has made robust, connected AI governance a mission-critical function for enterprises across every industry. Integrating FairNow into AuditBoard’s Connected Risk Platform delivers the most comprehensive and modern solution on the market, directly addressing the enormous risks that come alongside this technology.
"Combined with the launch of Accelerate, this acquisition will set AuditBoard apart by leapfrogging nascent competitive offerings and empowering our customers to transform their risk and compliance programmes.”
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