AuditBoard has reached a definitive agreement to acquire FairNow, an AI governance platform, the San Diego-based risk management software company said. Terms were not disclosed.
FairNow’s platform includes an AI registry, risk assessments and automated compliance features. The acquisition follows AuditBoard’s release of its first AI governance solution earlier this year. AuditBoard is also set to release Accelerate, a new AI solution for GRC teams.
“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,” AuditBoard CEO Raul Villar Jr. said in a news release.
