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Allocore Completes Acquisition of RiverNorth

2025-05-05  |  15:55:05
Allocore/RiverNorth Logo

ARLINGTON, VA, UNITED STATES, May 5, 2025 /EINPresswire.com/ -- Allocore, a leading provider of federal loan, grant, and fraud prevention technology, announced it has completed its acquisition of RiverNorth, a firm specializing in lending and financial assistance programs for the public sector. This acquisition drives additional scale and expertise at Allocore and expands Allocore’s reach across key federal agencies. The transaction was first announced on April 1, 2025. Allocore is a portfolio company of Enlightenment Capital.

RiverNorth brings former government executives with deep domain expertise in public sector financial assistance programs to Allocore, further strengthening Allocore’s position as the premier loan, grant, and fraud protection technology provider for federal, state, and local governments.

“We are excited to officially welcome the RiverNorth team to Allocore,” said Bill Webner, Allocore Chief Executive Officer. “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.”

About Allocore
Allocore powers leading government loans, grants, and fraud prevention programs with a unified platform built for efficiency and security. With trillions in loans and grants processed and billions in fraud prevented, Allocore brings the precision of commercial banking technology to the public sector. For more information, visit www.allocore.com.

About Enlightenment Capital
Enlightenment Capital, a Washington, DC area based private investment firm, makes control and strategic, non-control investments in middle market companies in the Aerospace, Defense, Government & Technology (ADG&T) sector. The firm partners with businesses that provide vital services, protect critical infrastructure, innovate cyber and data solutions, enhance decision making capabilities, engineer aerospace and space systems, safeguard national security, and endeavor to meet the challenges of today and tomorrow. For more information, visit www.enlightenment-cap.com and follow us at www.linkedin.com/company/enlightenment-capital.

Adam Hughes
GovNavigators LLC
+1 202-320-3254
ahughes|govnavigators.com| |ahughes|govnavigators.com

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Smith Names Connie Chung Vice President of Accounting, APAC

Smith Company LogoConnie Chung, Vice President of Accounting, APACConnie will lead the company’s financial administration in the Asia-Pacific region and ensure adherence to all relevant regulations and internal policiesIt has been a privilege to grow with this company, and I look forward to supporting our talented teams across the APAC region as we generate new opportunities for Smith worldwide.”— Connie Chung, Vice President of Accounting, APACHOUSTON, TX, UNITED STATES, June 30, 2025 /EINPresswire.com/ -- Smith, a leading global distributor of electronic components and semiconductors, today announces the appointment of Connie Chung to the position of Vice President of Accounting, APAC. In this role, Connie will align the company’s fiscal operations in the APAC region with global business initiatives to support Smith’s strong, long-term success."Smith's collaborative spirit and dedication to excellence have created a solid foundation for our financial strength and security," said Connie. "It has been a privilege to grow with this company, and I look forward to supporting our talented teams across the APAC region as we generate new opportunities for Smith worldwide." Connie joined Smith in 2004 as a Staff Accountant and served in a variety of leadership roles before being named Director of Accounting, Asia in 2018. Her contributions have been critical in guiding Smith’s financial goals throughout its continued expansion in one of the world’s fastest-growing markets. “Connie brings a proven track record of leadership, accuracy, and integrity to our Accounting department, and her ability to build and guide high-performing teams has been instrumental to our growth across Asia,” said Sean Trinh, Chief Accounting Officer at Smith. “We look forward to her continued success and impact in this key region.” About Smith Founded in 1984, Smith is the leading independent distributor of electronic components. Smith's Intelligent Distribution™ model offers a comprehensive suite of flexible and scalable supply chain solutions to source, manage, test, and ship billions of components to partners worldwide in every industry and vertical. The company is backed by more than 25 certifications and accreditations and has developed and implemented sustainable practices that exceed industry and regulatory requirements. Building on its decades of market data, cutting-edge technology, and a systems-based approach to quality excellence, Smith generated more than USD $2.6 billion in global revenue in 2024 and ranks eighth among all global distributors. Visit www.smithweb.com to learn more.
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