HyperComply Acquisition 2026 — SecurityScorecard Buys Toronto Startup Founded by Ex-Vidyard Engineers

By Ayomikun. O | September 19, 2026 | Updated: September 19, 2026 | No Comments | 4 Mins Read

Canadian business news — New York City-based SecurityScorecard has acquired Toronto risk-management startup HyperComply, pulling the entire team — including co-founders Amar Chahal and Cody Wright — into the cybersecurity giant’s orbit. It’s another quiet win for Toronto’s startup scene, even if the founders won’t say what it cost.

By Maplestime Business Desk | Toronto, Ontario | September 19, 2026
Sources: BetaKit, SecurityScorecard blog | Last updated: September 19, 2026

Key Takeaways

• SecurityScorecard, a New York-based cybersecurity ratings firm, has acquired Toronto-based HyperComply, a platform that automates vendor security questionnaires.
• The entire HyperComply team joined SecurityScorecard after the deal closed earlier this month, including co-founders Amar Chahal and Cody Wright, both formerly of Vidyard.
• Chahal is now SecurityScorecard’s general manager and Wright is CTO of assessments. Chahal declined to disclose the purchase price.
• SecurityScorecard serves more than 3,000 organizations, including two-thirds of the Fortune 500, and says customers “consistently” complain about repetitive security questionnaires.
• HyperComply was born from Chahal and Wright’s own frustration with security reviews while working on Vidyard’s engineering team.

SecurityScorecard Acquires Toronto’s HyperComply

New York City-based SecurityScorecard is speeding up the vendor security review process with the acquisition of Toronto-based risk management platform HyperComply.

“By bringing HyperComply into SecurityScorecard, we can eliminate a barrier to efficiency,” the company said in its announcement.

The entire HyperComply team joined SecurityScorecard after the deal closed earlier this month, including co-founders Amar Chahal and Cody Wright (formerly of Vidyard), Chahal told BetaKit in an email. Chahal and Wright are now SecurityScorecard’s general manager and CTO of assessments, respectively. Chahal declined to disclose the purchase price.

Who Are Amar Chahal and Cody Wright?

Chahal and Wright are not fresh-faced first-timers. Both cut their teeth at Vidyard, the Kitchener-Waterloo video platform that became one of Canada’s best-known SaaS success stories.

It was there, on Vidyard’s engineering team, that the idea for HyperComply was born. Chahal told BetaKit in a 2022 interview that he and Wright were inspired to start HyperComply after navigating security reviews while trying to close customers — the kind of grinding, repetitive work that makes engineers wonder why nobody has automated it yet.

So they built the thing they wished existed. And now a company that serves two-thirds of the Fortune 500 has decided they were right.

How HyperComply Automates Vendor Security Reviews

Here is the problem HyperComply solves: every time a large company considers buying software from a new vendor, its security team sends over a lengthy questionnaire. Compliance frameworks, security controls, risk-management practices — dozens or hundreds of detailed questions, and every enterprise buyer sends a slightly different version.

SecurityScorecard says customers “consistently” complain about having to fill out these lengthy and repetitive security questionnaires for every single vendor, according to the company’s blog post.

HyperComply automates this process by answering questions based on a company’s existing compliance documentation and storing new answers in its knowledge base for human approval. The AI does the grunt work; a human signs off. It is the rare automation pitch that actually acknowledges humans still matter.

For SecurityScorecard, the fit is obvious. The company already helps more than 3,000 organizations manage risks in their supply chain, such as monitoring for reported vendor data breaches. Adding HyperComply means it can now also attack the bottleneck that slows those reviews to a crawl — the paperwork itself.

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Why This HyperComply Acquisition Matters for Canadian Tech

Canadian startup exits don’t always make headlines in Silicon Valley, but they matter enormously at home. Every acquisition like this one does three things:

1. It keeps talent in the ecosystem. The entire HyperComply team joined SecurityScorecard. Chahal and Wright now hold senior leadership titles — general manager and CTO of assessments — inside a global company. That experience, and eventually those founders’ next ventures, feeds back into Toronto.
2. It validates the Toronto–Waterloo corridor. Vidyard (Kitchener-Waterloo) produced founders who built a company attractive enough for a New York cybersecurity firm to buy outright. The pipeline from Canadian engineering teams to global acquirers is working.
3. It puts a spotlight on a boring-but-lucrative problem. Vendor risk management is not glamorous. Nobody starts a startup dreaming of security questionnaires. But the companies that automate the unglamorous plumbing of enterprise software keep getting acquired — because the pain is real and the budgets are large.

The Money Question: What Did SecurityScorecard Pay?

Chahal declined to disclose the purchase price, which is standard for deals of this size and tells us almost nothing. Canadian founders routinely keep terms quiet, and acquirers are happy to oblige when the number isn’t headline material for their investors.

What we do know is the shape of the deal: full team acquisition, founders in senior roles, closed earlier this month. That’s a talent-and-product acquisition — the kind that suggests SecurityScorecard wanted both the technology and the people who built it.

Quick Reference — HyperComply Acquisition at a Glance

Canadian founders building unglamorous enterprise tools and selling them to American giants is not a new story — but it is a story that keeps working. The HyperComply acquisition is one more data point that Toronto’s startup scene knows how to build companies the world wants to buy.

Maplestime will provide updates from Toronto’s startup scene and Canadian tech acquisitions as announcements are made through 2026.
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Do you think Canadian startups get sold to American giants too cheaply — or is a quiet, successful exit exactly what this ecosystem needs more of? Tell us in the comments. And share this with every Canadian founder building the unglamorous stuff.