Integrated SaaS Platform for Audit, Risk, and Compliance Teams Builds Momentum in $7.3 Billion Integrated Risk Management Market*
Los Angeles - November 19, 2020 — AuditBoard today announced it ranked No. 68 on Deloitte’s Technology Fast 500™ for 2020, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America now in its 26th year. AuditBoard, the innovative cloud-based platform transforming how enterprises manage critical audit, risk, and compliance programs grew 1947% during this period.
AuditBoard’s chief executive officer, Scott Arnold, credits an obsessive customer focus, innovative technology, and accelerating market demand for the company’s 1947% revenue growth. “From the beginning, our mission has been to elevate audit, risk, and compliance teams with innovative, intuitive, purpose-built technology,” said Arnold. “We’re grateful to have such an incredible base of customers who drive and inspire us, and an exceptionally talented team of experts that is dedicated to solving customer problems and delivering greater value every day.”
“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives,” said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”
“Each year the Technology Fast 500 listing validates how important technology innovation is to our daily lives. It was interesting to see this year that while software companies continued to dominate, biotech companies rose to the top of the winners list for the first time, demonstrating that new categories of innovation are accelerating in the pursuit of making life easier, safer and more productive,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “We extend sincere congratulations to these well-deserved winners — who all embody a spirit of curiosity, and a never-ending commitment to making technology advancements possible.”
AuditBoard previously ranked No. 3 as a Technology Fast 500™ award winner for 2019. Overall, 2020 Technology Fast 500™ companies achieved revenue growth ranging from 175% to 106,508% from 2016 to 2019, with median growth of 450%.
*Gartner, January 2020 IRM Global Spending Estimate
About Deloitte’s 2020 Technology Fast 500™
Now in its 26th year, Deloitte’s Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2016 to 2019.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
AuditBoard is the leading cloud-based platform transforming how enterprises manage risk. Its integrated suite of easy-to-use audit, risk, and compliance solutions streamlines internal audit, SOX compliance, controls management, risk management, andsecurity compliance. AuditBoard’s clients range from prominent pre-IPO to Fortune 50 companies looking to modernize, simplify, and elevate their functions. AuditBoard is the top-rated audit management and GRC software on G2, and was recently ranked for the second year in a row as one of the 100 fastest-growing technology companies in North America by Deloitte. For more information: www.auditboard.com.
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