Hg Capital-backed AuditBoard to acquire FairNow.

Hg Capital-backed AuditBoard, an AI-powered platform for audit, risk and compliance management, agreed to acquire FairNow, an all-in-one artificial intelligence governance platform. Financial terms were not disclosed. "The speed of AI adoption has made robust, connected AI governance a mission-critical function for enterprises across every industry. 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 programs," Raul Villar Jr., AuditBoard CEO.