AuditBoard acquires FairNow, a purpose-built AI governance solution

I’m thrilled to announce a significant milestone for AuditBoard: the acquisition of FairNow, a purpose-built AI Governance solution. This move is a powerful acceleration of our commitment to delivering the most comprehensive, AI-powered connected risk platform.

FairNow’s innovative solutions integrate seamlessly with AuditBoard’s robust foundation of AI-driven workflows and continuous monitoring. This combination creates a truly end-to-end platform for managing risk, with expanded capability in the fast-emerging and critical domain of AI governance. FairNow automates compliance with global frameworks, such as NIST AI RMF and ISO 42001, directly addressing the "execution gap" we highlighted in our recent Risk Intelligence Report, where we found that fewer than 30% of leaders felt prepared for AI governance requirements.

FairNow’s technology offers an elegant solution to this problem, helping AuditBoard do what we do best: empower our customers to build and deploy trustworthy AI with confidence and compliance. We welcome the FairNow team and look forward to building the future of connected risk together.

See how Accelerate, AuditBoard’s powerful new AI solution, can help your team move faster, deliver strategic insights, and foster organizational resilience.

About the authors

Raul Villar Jr. is the CEO of AuditBoard. He joins AuditBoard following a highly successful tenure as CEO of Paycor, a prominent human capital management software company. During his time there, Raul was instrumental in accelerating product innovation, scaling operations, and significantly expanding market share, culminating in its sale to Paychex for $4.1 billion in April 2025.

His deep expertise in B2B SaaS, enterprise software, and fostering customer-centric cultures aligns perfectly with AuditBoard's mission to transform how organizations manage risk. Prior to Paycor, Raul held leadership roles at AdvancedMD and ADP, demonstrating a proven ability to drive operational excellence and market expansion, and a commitment to fostering strong company cultures and driving customer satisfaction.