Equality Asset Management (EAM) formed Auctivo, a newly established software company, created through the acquisition and strategic integration of Rhoads Online Institute (Rhoads), Elation Systems and the Government Software Division of Aithent (now Advanced GRC). The EAM portfolio company is designed to provide vertical market governance, risk and compliance software solutions and other capabilities to governments and a range of companies across highly regulated industries.
Under the Auctivo platform, the three complementary businesses will run separately, each purpose-built to address regulatory and compliance requirements, streamline operations and deliver added value through their solutions, deep industry expertise and technology. Auctivo will be led by N. Venu Gopal, CEO of Auctivo and co-founder of Rhoads and Aithent.
“From data integration and automated workflows to actionable business intelligence, the combined strengths of our companies create a powerful platform to modernize regulatory and compliance operations across industries,” Gopal said. “We’re excited to work alongside the team at EAM to accelerate innovation, drive measurable outcomes for our customers and deliver lasting value in an increasingly complex regulatory landscape.”
“As the environment continues to shift for those operating in highly regulated industries, we see a tremendous opportunity to enhance the way organizations approach and address today’s governance, risk and compliance challenges,” Jeff Del Papa, co-founder and managing partner at EAM, said. “We look forward to working alongside this exceptional teams to deliver even greater value to their customers and the industries they serve.”
D.A. Davidson & Co. served as exclusive financial advisor to Rhoads and Aithent (now Advanced GRC) and Moses Singer served as legal counsel. MergerTech served as financial advisor to Elation Systems. Goodwin Procter acted as legal counsel and Sherman & Co. acted as financial advisor to EAM.
