Allocore Closes RiverNorth Acquisition

Allocore has completed its purchase of RiverNorth, expanding its reach across federal agencies and strengthening its position as a provider of loan, grant and fraud protection technologies for federal, state and local governments.

Supporting Government Partners Through Fraud Protection Tech

Enlightenment Capital-backed Allocore said Monday RiverNorth employees with government experience and expertise in public sector financial assistance programs will join the company as a result of the transaction.

Bill Webner, CEO of Allocore and a two-time Wash100 awardee, welcomed RiverNorth’s addition to the company.

“Together, we are better positioned than ever to support our government partners in delivering critical lending and grant programs through modern, fraud-resistant, and user-centric technology,” said Webner.

In April, Allocore agreed to acquire RiverNorth, a firm specializing in public sector lending and financial assistance programs.