Updated 10 months ago
Digital Risk, founded in 2005, grew quickly to become the nation’s largest independent provider of risk, compliance and transaction management services for the mortgage and financial services industry. Revenue for the Maitland-based firm surged to $127 million in 2012, up 70% over three years. Larger companies have taken notice, and in December the firm was acquired for $175 million in an all-cash transaction by a Hewlett-Packard affiliate in Bangalore, India. Digital Risk is keeping its name and will operate as a standalone entity. Founder Peter Kassabov remains CEO. The company expects to add 500 positions to its staff of 1,500 in the coming year and continue to expand in the U.S. as well as internationally.