Draft:AuditBoard
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Submission declined on 17 February 2026 by AllWeKnowOfHeaven (talk). This draft is not written from a neutral point of view. Wikipedia articles must be written neutrally in a formal, impersonal, and dispassionate way. They should not read like a blog post, advertisement, or fan page. Rewrite the draft to remove:
Declined by AllWeKnowOfHeaven 5 months ago.
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This draft's references do not show that the subject meets Wikipedia's criteria for inclusion for organizations and companies. The draft requires multiple published secondary sources that:
Declined by Qcne 6 months ago.
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| Type | Private |
|---|---|
| Industry | GRC software, risk management software |
| Founded | 2014 |
| Founders | Jay Lee and Daniel Kim |
| Headquarters | Cerritos, California |
Area served | Worldwide |
Key people | Raul Villar Jr. (CEO) |
| Products | Compliance software, audit management software |
| Owner | Hg |
Number of employees | 700+[1] |
| Website | optro |
Optro (formerly AuditBoard) is a U.S.-based software company that develops tools for audit, risk, and compliance management.[2] Its software is used to manage internal audits, risk workflows, and compliance documentation.[3] The company is headquartered in Cerritos, California.[4][5]
History
[edit]Optro was founded as AuditBoard in 2014 by Daniel Kim and Jay Lee,[6] both former auditors who served as co-CEOs.[3] In 2018, the company received $40 million in Series B funding from Battery Ventures and Mucker Capital.[7] Scott Arnold became President and CEO in 2020.[8]
In 2024, the company reached $200 million in Annual recurring revenue,[9] and later that year, was acquired by the private equity firm Hg in a deal valued at approximately $3 billion.[6] Former Paycor CEO Raul Villar Jr. was named CEO in July 2025 and the company reached $300 million in annual recurring revenue in October of the same year.[10][11]
Recognition
[edit]In 2024, the company received the Stratus Award for Cloud Computing from the Business Intelligence Group[12] and was named Overall Risk Management Solution of the Year at the 2024 CyberSecurity Breakthrough Awards.[13] In 2025, the company was included in Deloitte’s Technology Fast 500 for the seventh consecutive year.[14]
References
[edit]- ^ https://www.greatplacetowork.com/certified-company/7022046
- ^ "AuditBoard Acquired by Hg for Over $3 Billion". Los Angeles Times. 2024-06-13. Retrieved 2026-02-25.
- ^ a b Cutchin, James (2020-03-15). "Auditboard Carves Out a Niche in Compliance". Los Angeles Business Journal. Retrieved 2025-12-12.
- ^ "AuditBoard Los Angeles Office: Careers, Perks + Culture | Built In Los Angeles". www.builtinla.com. Retrieved 2025-12-12.
- ^ Welk, Hannah (2024-06-10). "AuditBoard Sells for $3 Billion". Los Angeles Business Journal. Retrieved 2026-02-25.
- ^ a b Primack, Dan (2024-05-24). "AuditBoard's $3 billion buyout shows that boring can be better". Axios. Retrieved 2025-12-12.
- ^ https://finance.yahoo.com/news/exclusive-auditboard-risk-management-software-123408377.html
- ^ Garfinkle, Allie. "Exclusive: AuditBoard, risk management software provider, is generating $200 million in annual recurring revenue". Fortune. Retrieved 2026-02-12.
- ^ Garfinkle, Allie. "Exclusive: AuditBoard, risk management software provider, is generating $200 million in annual recurring revenue". Fortune. Retrieved 2026-02-12.
- ^ "Former Paycor CEO Villar takes top job at Los Angeles company". Cincinnati Business Courier. 2025-07-01. Retrieved 2026-02-12.
- ^ Metinko, Chris (2025-10-14). "Exclusive: AuditBoard eyes M&A after hitting $300M in ARR". Axios. Retrieved 2026-02-12.
- ^ "Cloud Champions Unveiled: 2024 Stratus Awards Celebrate Innovation and Leadership | News | Business Intelligence Group". www.bintelligence.com. Retrieved 2025-12-12.
- ^ "2024 Winners". CyberSecurity Breakthrough Awards. Retrieved 2025-12-12.
- ^ "2025 Technology Fast 500 Award Winners | Deloitte US". www.deloitte.com. Retrieved 2025-12-12.
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