AGRC

Advanced GRC is a US-based software company specializing in governmental solutions, enhancing operational efficiency and regulatory compliance for various public sector agencies. Founded to innovate regulatory technology, Advanced GRC is headquartered in New York, US. The company has focused on developing software solutions for government agencies, specifically aimed at improving licensing, permitting, and compliance processes. In December 2024, Equality Asset Management acquired Rhoads Online Institute and Elation Systems, LLC.

Financial terms of the transaction were not disclosed. In December 2024, Equality Asset Management acquired Advanced GRC from Aithent Inc. Financial terms of the transaction were not disclosed. Following the transaction, Equality Asset Management combined the companies to form Auctivo.

Advanced GRC provides specialized software solutions for government agencies, focusing on operational efficiency and regulatory compliance. Its offerings include platforms for licensing and permitting, inspections, case management, and regulatory oversight, designed to streamline the regulatory lifecycle. Utilizing emerging technologies for secure data intake and analytics, Advanced GRC serves diverse sectors such as insurance, banking, public health, labor, education, and industry, primarily within the United States. The company's revenue model is centered around business-to-business transactions based on subscription agreements for its software solutions.

Clients access Advanced GRC's platforms, such as the Advanced Licensing System (ALiS), through service agreements that include deployment, maintenance, and ongoing support fees. While specific pricing details are not disclosed, the structure aims to establish long-term partnerships with government entities, contributing to consistent revenue through service contracts. With the merger into Auctivo, Advanced GRC is positioned to leverage new opportunities for product development and market expansion. The company plans to launch new software solutions aimed at enhancing regulatory efficiency by mid-2026.

Additionally, it seeks to expand its services into new markets, specifically targeting the West Coast and Southern regions of the US, by the end of 2026. The recent acquisition funding will support these initiatives, facilitating the integration of resources and expertise from the merged entities.