What Schellman does

Schellman & Company, LLC is a Top 50 US CPA firm focused exclusively on IT compliance and cybersecurity assessments and attestations, headquartered in Tampa, Florida. Founded in 2004 as a SOC audit firm, Schellman has grown into a multi-practice compliance provider issuing more than 2,000 SOC reports per year across 60 distinct audit and assessment types. The firm is the #1 FedRAMP Third Party Assessment Organization (3PAO) with 200+ assessed offerings, an accredited CMMC C3PAO, an authorized assessor for DoD IL6, and the world's first ANAB-accredited certification body for ISO 42001 (AI Management Systems). It also issues PCI DSS, HITRUST, HIPAA, ISO 27001/27701/9001/22301/20000-1/14001/45001/50001, GDPR, SOC 1/2/3, FedRAMP, CMMC, FISMA, ITAR, CJIS, IRAP, and AIUC-1 certifications, in addition to running a full penetration testing practice (including AI Red Teaming), crypto and digital trust assessments, and a practitioner-led training business.

Schellman sells compliance services primarily through an enterprise direct sales motion supported by inside sales for mid-market. Engagement is quote-based (no published price list) and delivered by certified assessors (CPA, CISA, QSA, 3PAO, ISO lead auditors). Customer concentration is diversified across five primary verticals: US Federal Government and Defense Contractors, Financial Services and Fintech, Healthcare, Cloud Computing and Data Centers, and emerging AI/ML organizations. Named enterprise clients include OpenAI, Oracle, Meta, Walmart, VMware, and Iron Mountain, alongside case-study deployments with Vanta, Sisense, UiPath, Coupa, Greenhouse, Clario, and Fieldguide.

The business model is professional services revenue: per-engagement fees for assessments plus recurring annual engagements (e.g., SOC 2 Type II, ISO 27001 surveillance, FedRAMP continuous monitoring). Go-to-market combines direct field sales for large enterprise with thought leadership, webinars, and industry events for demand generation. Marketing is anchored on regulatory expertise and first-mover positioning in emerging frameworks. In 2026, Goldman Sachs Alternatives acquired a majority stake from Lightyear Capital, with stated intent to fund international expansion and capability growth in AI governance, federal compliance, and digital trust. The firm operates an alternative practice structure with Schellman & Company, LLC (the licensed CPA entity) and Schellman Compliance, LLC (non-CPA advisory services), is B Corp certified, and employs an undisclosed number of assessors.

Name

Schellman

Legal name

Schellman & Company, LLC

Website

https://schellmanco.com

Company type

Private

Founded year

2004

Operating status

Operating

Short description

Schellman is a Top 50 US CPA firm focused exclusively on IT compliance and cybersecurity, serving federal, financial, healthcare, cloud, and AI clients with independent SOC, FedRAMP, ISO, PCI, HITRUST, and AI governance assessments. It is the #1 FedRAMP 3PAO and first ANAB-accredited ISO 42001 certification body.

Ownership category

akta.pro rank

Headquarters

HQ city

Tampa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Compliance Assessment Services: Professional services revenue generated from conducting independent assessments and certifications including SOC examinations, ISO certifications, FedRAMP assessments, PCI DSS validations, HIPAA compliance, and other cybersecurity attestations. Services are delivered by certified auditors and assessors.
2. Training Services: World-class training and certification services delivered directly to cybersecurity professionals by expert practitioners.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Schellman is an ANAB-accredited certification body that conducts independent IT compliance and cybersecurity audits and assessments across nearly 60 frameworks including SOC, ISO, PCI DSS, FedRAMP, CMMC, HIPAA, GDPR, and AI governance standards. The firm issues attestations and certifications that enable organizations to demonstrate regulatory compliance, secure federal authorizations to operate, and build trust with customers. Complementary services include penetration testing, cybersecurity assessments, AI Red Teaming, AIUC-1 certification, and training for cybersecurity professionals.

Product overview

Schellman is a Top 50 CPA firm focused exclusively on IT Compliance and Cybersecurity, and the #1 service provider for FedRAMP Assessments. The firm offers nearly 60 types of audits and assessments organized into a comprehensive suite of services including: SOC & Attestations (SOC 1, SOC 2, SOC 3, SOC for Supply Chain, SOC for Cybersecurity, SOC Essentials, C5 Attestation, CSA STAR Programs), Payment Card Assessments (PCI DSS, PCI SSF, PCI P2PE, PCI PIN, PCI 3DS), ISO Certifications (ISO 27001, ISO 42001, ISO 27701, ISO 9001, ISO 22301, ISO 20000-1, ISO 14001, ISO 45001, ISO 50001), Privacy Assessments (Global CBPR & PRP, GDPR, International Privacy, US State Privacy, Microsoft SSPA/DPR, FERPA, EU Cloud Code of Conduct), Federal Assessments (FedRAMP, CMMC/NIST SP 800-171, FISMA/NIST, ITAR, CJIS, IRAP, FTC Consent Decrees, DoD IL6), Healthcare Assessments (HITRUST, HIPAA, HIPAA Express, EPCS-DEA, HDS), Penetration Testing (Application, Network, Mobile, Red Teaming, Social Engineering, Cloud, Physical, Hardware and IoT, Advanced, AI Red Teaming), Cybersecurity Assessments (Cloud Configuration, Ransomware, NIST CSF, S3A, TISAX, SWIFT CSP, Internal Audit Co-Sourcing, MTCS, ENS), Crypto and Digital Trust, Schellman Training, Sustainability Services, and AI Governance (including ISO 42001 and AIUC-1 certification services). Schellman is the world's first ANAB-accredited ISO 42001 certification body.

Differentiator

Problem solved

Functional benefit

Products and services

• SOC & Attestations

Quantifiable outcome

• Over 2,000 SOC reports issued annually
• +2 more outcomes

Named customers6 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature4 records

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• KirkpatrickPrice: KirkpatrickPrice is a direct competitor offering SOC, ISO, PCI, and HIPAA audits with a focus on IT compliance and cybersecurity attestation. It targets a similar client profile of service organizations needing recurring compliance certifications.
• BARR Advisory: BARR Advisory is a direct competitor providing SOC, ISO, PCI, HITRUST, and FedRAMP readiness and attestation services. It serves a similar mid-market and enterprise client base and competes for the same compliance frameworks.
• Coalfire: Coalfire is a direct competitor providing FedRAMP 3PAO assessments, SOC audits, PCI QSA services, and cybersecurity advisory. It is one of the most prominent FedRAMP assessors competing with Schellman for federal cloud authorization engagements.
• 360 Advanced: 360 Advanced is a direct competitor providing SOC, ISO, PCI, HITRUST, and cybersecurity assessments. It competes with Schellman for similar mid-market and enterprise compliance engagements across regulated industries.
• A-LIGN: A-LIGN is a direct competitor offering SOC, ISO, PCI, HITRUST, and FedRAMP assessments with a similar compliance-focused professional services model. Headquartered in Tampa, FL, it competes head-to-head with Schellman across the same enterprise customer base and framework set.

Broad incumbents

• PwC (Cybersecurity and Privacy): PwC is a broad incumbent with a significant cybersecurity, privacy, and risk assurance practice that includes IT compliance attestation services. It competes with Schellman for large multinational clients needing globally delivered compliance work.
• Deloitte (Cyber & Strategic Risk): Deloitte is a broad incumbent that operates a large global cybersecurity and risk advisory practice including FedRAMP and SOC assessment services. It competes with Schellman for large enterprise and federal mandates and offers a broader advisory portfolio.
• KPMG (Cyber Security Services): KPMG is a broad incumbent with a significant cybersecurity and IT advisory practice covering ISO, SOC, and regulatory compliance assessments. It competes with Schellman for large enterprise and regulated-industry engagements.
• EY (Cybersecurity): EY is a broad incumbent with a substantial cybersecurity and technology risk practice offering SOC, ISO, and IT compliance services. It competes with Schellman for large enterprise and global client mandates requiring integrated advisory offerings.

Emerging players

• HITRUST: HITRUST is an emerging player that develops and maintains the HITRUST CSF framework, an external assessor program on which Schellman relies for healthcare compliance certifications. It is adjacent to Schellman as both a standards body and ecosystem participant enabling assessor services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/schellman
• YouTubeyoutube.com/@schellman
• Facebookfacebook.com/schellman
• LinkedInlinkedin.com/company/schellman
• Instagraminstagram.com/schellman

Compliance28 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Schellman