Avathon Capital Acquires OculusIT, a Leading Higher Education IT Services Provider
- Editor
- 6 days ago
- 1 min read
Whats Happening:
Avathon Capital, a private equity firm focused on education and workforce markets, has acquired OculusIT, a leading provider of managed IT services for higher education institutions. The acquisition from ElevenX Capital marks Avathon's sixteenth platform investment and aims to strengthen OculusIT's position in the higher education IT services market.
Key Moves:
Avathon Capital acquires OculusIT from ElevenX Capital
OculusIT to continue under CEO Joe Redwine's leadership
Avathon assembles experienced leadership team to support OculusIT's growth
By The Numbers:
OculusIT serves over 200 colleges and universities
The company offers a broad suite of IT services including managed ERP and cloud services
This marks Avathon's sixteenth platform investment
Key Quotes:
"We are excited to welcome OculusIT into the Avathon portfolio," said Shoshana Vernick, Managing Partner at Avathon.
"This partnership allows us to grow with purpose," said Joe Redwine, CEO of OculusIT.
"We see a clear opportunity to build a market-leading platform in higher education IT services," said Nishaad Balachandran, Principal at Avathon.
Bottom Line:
Avathon Capital's acquisition of OculusIT demonstrates its commitment to investing in the education and workforce technology sectors. The move aims to address the growing need for advanced IT services in higher education, with plans to expand OculusIT's capabilities and market presence.
Comments