A cloud-based platform transforming audit, risk and compliance management has opened a European headquarters in London.
AuditBoard says the new HQ will provide regional support for a fast-growing user base of nearly 10,000 users across 12 European countries and the UK.
The firm says its running start in Europe is due in part to its rapid success in attracting some of the world’s biggest brands. More than 30% of the Fortune 500 use AuditBoard today, and the firm has been growing at a rate of more than 60% annually.
Auditboard says escalating corporate risks in cybersecurity, the supply chain and regulatory compliance continue to drive new customers to its platform as they seek to take on the challenge of navigating today’s dynamic risk environment and the complexity of ever-changing regulatory requirements.
“We’re excited to extend our mission of elevating internal audit and risk professionals with innovative, transformative technology to the European market,” explained Scott Arnold, president and CEO of AuditBoard.
“The challenges that internal audit, risk, and compliance teams face are increasingly global in nature, and AuditBoard’s purpose-built platform empowers them to meet these challenges.”
The company recently surpassed the $100 million annual recurring revenue mark and has earned a spot among the top 200 fastest-growing technology companies in North America for three consecutive years, according to Deloitte.
It now boasts around 1,400 organisations as clients.