Auctivo Launches as New Software Company, Integrating Rhoads Online, Elation Systems, and Advanced GRC to Enhance Governance, Risk, and Compliance Solutions

Equality Asset Management (EAM) has announced the formation of a new software company, Auctivo, which emerges from the acquisitions of Rhoads Online Institute (Rhoads), Elation Systems, and the Government Software Division of Aithent, now known as Advanced GRC. Based in New York, Auctivo aims to provide advanced governance, risk, and compliance (GRC) software solutions to both governmental entities and highly regulated industries. The demand for efficient administrative, compliance, and operational processes is on the rise in both the public and private sectors. Auctivo's platform is designed to leverage the collective strengths of its acquired companies to modernize compliance and regulatory operations. Each of the three businesses will continue to operate independently, focusing on their core competencies to address specific regulatory and compliance needs, streamline operations, and offer enhanced value. N. Venu Gopal, CEO of Auctivo and co-founder of Rhoads and Aithent, emphasized this strategic alignment. "From data integration and automated workflows to actionable business intelligence, the combined strengths of our companies create a robust platform to modernize regulatory and compliance operations across various industries," he stated. "We are thrilled to work alongside EAM to speed up innovation, achieve tangible results for our customers, and deliver enduring value in an ever-complex regulatory landscape." The formation of Auctivo is rooted in the complementary capabilities of the three companies. Rhoads Online Institute brings extensive experience in GRC for the insurance and financial services sectors. Elation Systems adds expertise in healthcare, particularly in managing regulatory requirements and improving operational efficiency. The Government Software Division of Aithent, now Advanced GRC, provides specialized solutions for government agencies, enhancing oversight and enforcement capabilities. Jeff Del Papa, Co-founder and Managing Partner at EAM, highlighted the potential for growth and improvement. "As regulatory environments become more dynamic, there is a significant opportunity to transform how organizations handle today's GRC challenges," he noted. "We are eager to collaborate with these outstanding teams to bring even greater value to their customers and the industries they serve." The merger was facilitated by several key advisors. D.A. Davidson & Co. served as the exclusive financial advisor to Rhoads and Advanced GRC, while Moses Singer provided legal counsel. MergerTech acted as the financial advisor to Elation Systems, and Goodwin Procter and Sherman & Co. provided legal and financial advisory services to EAM, respectively. Auctivo is positioned to help enterprises and government agencies navigate complex regulatory and reporting obligations. Using powerful software and intelligent AI, the company simplifies compliance, automates workflows, and generates actionable insights. With over 30 years of deep industry knowledge, Auctivo is well-equipped to assist customers in staying ahead in a rapidly evolving regulatory environment. For additional information, visit Auctivo's website at https://www.auctivo.com/. About Equality Asset Management EAM is a growth-focused private equity firm based in Boston. The firm invests in and supports growth companies within the software and software-enabled services sectors. Leveraging decades of investment and operational experience, EAM has built a reputation for creating value and being a reliable partner to founders and CEOs. For more details, visit http://www.equalityam.com.