AuditBoard Expands Leadership Team for Fast-Growing IT Risk and Compliance Business

AuditBoard Expands Leadership Team for Fast-Growing IT Risk and Compliance Business

Bain Capital SVP Evan Fitzpatrick to Lead Award-Winning CrossComply Solution; AuditBoard Technology Innovator Rajiv Makhijani named SVP, Emerging Products

LOS ANGELES, CA — January 19, 2022 — AuditBoard, the leading cloud-based platform transforming audit, risk, and compliance management, today announced that Evan Fitzpatrick, former SVP at Bain Capital, has joined the company as Senior Vice President of CrossComply™, its award-winning IT risk and compliance solution. In addition, AuditBoard veteran Rajiv Makhijani has been named Senior Vice President of Emerging Products.

In his role as SVP of CrossComply, Fitzpatrick will lead business operations of the fast-growing segment that targets the rapidly expanding $150.4 billion information security and risk management technology and services market, with AuditBoard’s award-winning solution, CrossComply. CrossComply enables enterprises to better manage their information security and IT risk programs while streamlining the process of maintaining compliance with evolving standards and regulations — including SOC, ISO, PCI, NIST, GDPR, CMMC, and more. 

“We’re excited to have Evan join AuditBoard and help us continue to expand the value we’re providing to customers in this dynamic and fast-growing market,” said Scott Arnold, AuditBoard President and CEO. “His track record of success in helping innovative companies scale makes him the perfect choice to guide our efforts through this next phase of growth.”

Fitzpatrick has spent the last decade at Bain Capital as Senior Vice President in their Portfolio Group. In this leadership role, he successfully accelerated growth across the firm’s portfolio of companies that spanned a variety of industries. This included a number of technology companies, including Rocket Software, where he led efforts to implement a new product and go-to-market strategy that resulted in significant bookings growth. Fitzpatrick began his career as a consultant at the Boston Consulting Group, where he advised clients in the technology, consumer, healthcare, and financial services industries. 

“I’m thrilled to be joining the talented AuditBoard team, especially at a time when the business has so much momentum,” explained Evan Fitzpatrick, SVP, CrossComply. “The tremendous market interest in CrossComply is evidence that IT Risk and Compliance teams are hungry for a powerful, user-friendly platform for managing their work that connects to other teams across the organization. I look forward to building on AuditBoard’s success, as we extend our solutions to provide ever-increasing value to customers.”  

The Company also announced that Rajiv Makhijani, a longtime executive in the technology organization, has taken on a new role as SVP of Emerging Products. In this role, Rajiv will build on his extensive experience leading the development of products to help define and launch new capabilities to support security, risk, and compliance professionals and extend AuditBoard’s addressable market. “Rajiv is a proven leader and technologist who understands the unmet and emerging needs of CISOs and their organizations,” explained Arnold. “We’re excited to provide continued innovation and increased customer value in security, risk, and compliance based on the AuditBoard formula of elegant, easy to use solutions that enable collaboration.”

“Over the last six years, I have had the pleasure of being a part of AuditBoard’s transformation of the audit, risk, and compliance space, seeing directly the positive impact we are having on customers’ lives,” said Rajiv Makhijani, SVP of Emerging Products. “I am excited by the opportunity to lead our product expansion in the security space and expand our impact to a wider range of professionals. This is an area of significant unmet need, and the pressure on these professionals has never been greater. We have an opportunity to transform an industry once more.”

The addition of these new leadership roles comes as AuditBoard continues to experience significant market accolades and rapid growth. The company was just recognized as the top rated audit management and GRC solution by G2 in its Winter report, and was recently named, for the third year in a row, as one of the fastest-growing technology companies in North America by Deloitte.