Artificial Intelligence & Machine Learning
,
Governance & Risk Management
,
GRC
Cybersecurity Compliance Vendor A-Lign Plans Global Expansion With Backing From Hg

Private equity firm Hg purchased a majority stake in a Tampa, Fla.-based cybersecurity compliance vendor A-Lign to expand the company’s audit and assessment capabilities globally.
See Also: AI vs. AI: Leveling the Defense Playing Field
London-based Hg said its strategic investment will help A-Lign assure customers that their sensitive data is protected and that mission-critical operations are conducted with integrity. Terms of the deal weren’t disclosed, but the Tampa Bay Business Journal said the transaction valued A-Lign at more than $1 billion. Hg will replace Warburg Pincus – which first invested in August 2021 – as majority shareholder.
“We have been particularly impressed by their unwavering commitment to quality, while leveraging proprietary technology to drive efficiency for their customers,” said Hg Partners Hector Guinness and Joris van Gool. “This combination has created a sustainable source of competitive differentiation that we believe can extend A-Lign’s growth in new regions, adjacent service lines and new customer groups.”
A-Lign, founded in 2009, employs 726 people, received a $54.5 million growth equity investment from FTV Capital in July 2018 and added Warburg Pincus as an investor three years later. The company has been led since its inception by Scott Price, who previously spent a half-decade as a technology risk consulting manager at Arthur Andersen. A-Lign didn’t respond to a request for additional comment.
“It has been a privilege to support Scott and the talented team at A-Lign through an exceptional period of transformative growth, partnering closely with them to expand the company’s service offerings and grow its customer base,” said Warburg Pincus Managing Director Brian Chang. “A-Lign is a strong example of our firm’s focus on accelerating the success of innovative market leaders in cybersecurity and compliance.”
How A-Lign Fits Into Hg’s Broader Investment Portfolio
A-Lign is Hg’s second 10-figure cybersecurity acquisition in as many years, with the private equity firm agreeing to buy Los Angeles-based audit and risk management software provider AuditBoard for more than $3 billion in May 2024. As part of Hg’s wider investment in A-Lign, private equity investment trust HgCapital Trust will invest more than $65 million into the cybersecurity compliance vendor.
“This new partnership comes at the perfect time as we enter our next phase of growth,” Price said in a statement. “Hg’s deep expertise and track record in scaling tech-enabled services businesses globally, combined with world-class operational resources, makes them the ideal partner to help us provide the best possible services to our customers.”
A-Lign serves more than 5,700 clients with audits and assessments including SOC 2, ISO, HITRUST, FedRAMP, CMMC and PCI standards. The company said its customer-first approach and extensive use of technology has enabled A-Lign to deliver over 50% compounded annual growth over the past 15 years. The company’s technology automates evidence collection and de-duplicates requests across standards.
Services offered by A-Lign include penetration testing, vulnerability assessments, security awareness training and risk/privacy analysis. A-LIGN’s audit harmonization methodology identifies overlapping requirements across frameworks to reduce redundant efforts and costs while delivering consolidated reports. The company can also assess risks in AI systems, ensuring alignment with rules such as the EU AI Act.
“A-Lign has all the hallmarks of what Hg looks for in tech-enabled services investments, and we are excited to support Scott and his world-class team to become the global champion in cyber compliance services,” Hg Principal William Holmes said in a statement.
Although Hg has 12 investments in the legal and regulatory space, only A-Lign and AuditBoard address cybersecurity. Other portfolio companies provide risk management software and services in verticals ranging from financial services and contractor management to legal, real estate and IT, but don’t specifically focus on the cybersecurity dimension of risk.
