Equality Asset Management forms Software Company Auctivo Following Acquisitions of Rhoads Online, Elation Systems, and the Government Software Division of Aithent

Equality Asset Management (EAM) today announced the formation of 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.

Demand for administrative, compliance, and operational efficiencies continues to grow across both public and private sectors. 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,” said N. Venu Gopal, CEO of Auctivo.“ 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.”

Each company’s unique strengths will serve as the foundation for Auctivo’s growth and leadership position. The combination of these three companies under the Auctivo umbrella reflects EAM’s strong commitment to partnering with market-leading business, driving strategic and operational value, and accelerating growth.

“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,” added Jeff Del Papa, Co-founder and Managing Partner at EAM. “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.

About Auctivo

Auctivo delivers next-generation governance, risk and compliance software designed for organizations in highly regulated industries and government agencies. Whether empowering enterprises to meet complex regulatory and reporting obligations or enabling agencies to manage oversight and enforcement, Auctivo streamlines operations across sectors such as insurance, financial services, healthcare, and construction. Backed by over 30 years of deep domain expertise, Auctivo combines powerful software and intelligent AI to simplify compliance, automate workflows, and deliver actionable insights – helping customers stay ahead in a constantly evolving regulatory landscape. The company is based in New York. For more information, please visit https://www.auctivo.com/.

About Equality Asset Management

EAM is a growth-focused private equity firm. EAM provides equity capital and strategic and operating support to growth companies in the software and software-enabled services sectors. With decades of investment experience and operating experience, the firm has earned a reputation for value-creation, serving as steadfast partners to Founders and CEOs. The firm is based in Boston. For more information, please visit http://www.equalityam.com.

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