{"id":13127,"date":"2025-04-28T19:10:26","date_gmt":"2025-04-28T19:10:26","guid":{"rendered":"https:\/\/www.elevenxcapital.com\/?page_id=13127"},"modified":"2025-04-28T19:18:13","modified_gmt":"2025-04-28T19:18:13","slug":"avathon-capital-acquires-oculusit","status":"publish","type":"page","link":"https:\/\/www.elevenxcapital.com\/index.php\/news\/avathon-capital-acquires-oculusit\/","title":{"rendered":"Avathon Capital Acquires OculusIT"},"content":{"rendered":"\t\t
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Avathon Capital Acquires OculusIT, a Leading Provider of Mission-Critical IT Services to Higher Education, from ElevenX Capital<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Trusted managed services provider (MSP) to over 200 colleges and universities<\/i>\u00a0<\/p>\n

CHICAGO and MIAMI \u2013 April 28, 2025 \u2013\u00a0Avathon Capital<\/a>\u00a0(\u201cAvathon\u201d), a private equity firm specialized in investing in lower middle-market companies in the education and workforce markets, announced its acquisition of\u00a0OculusIT<\/a>, a leading provider of MSP and outsourced IT services for higher education institutions across the United States, from ElevenX Capital.\u00a0<\/p>\n

Founded in 2018, OculusIT has built a strong reputation as a trusted IT partner to over 200 colleges and universities, offering a broad suite of services including managed enterprise resource planning, cloud services, cybersecurity, infrastructure management, and 24\u00d77 support. Its comprehensive, high-touch model, delivered through a global workforce and anchored in responsiveness, flexibility, and measurable ROI, has positioned OculusIT as a trusted, full-service partner to institutions navigating increasing operational complexity.\u00a0<\/p>\n

\u201cWe are excited to welcome OculusIT into the Avathon portfolio,\u201d said Shoshana Vernick, Managing Partner at Avathon. \u201cThe Company\u2019s ability to deliver high ROI, essential technology services makes it an important partner to institutions facing a multitude of complex challenges.\u201d\u00a0<\/p>\n

\u201cWe are proud of OculusIT\u2019s growth and the value it has delivered to the higher education sector,\u201d said Anjli Jain, General Partner of ElevenX Capital. \u201cThis exit underscores our commitment to building and investing in companies that drive innovation and deliver exceptional service to customers.\u201d\u00a0\u00a0<\/p>\n

OculusIT will continue to be led by CEO Joe Redwine. His leadership has been foundational in developing and growing client relationships and ensuring operational excellence. \u00a0<\/p>\n

\u201cThis partnership allows us to grow with purpose,\u201d said Redwine. \u201cWith Avathon\u2019s support, we can extend our reach, invest in innovation, and serve our clients with even greater scale and sophistication.\u201d\u00a0<\/p>\n

To support Redwine and OculusIT\u2019s continued evolution, Avathon has assembled an experienced leadership and advisory team. This effort leverages the firm\u2019s strong track record in higher education and deep network across the sector. Paul Skordilis, a seasoned executive with a background in global IT services and higher education, will serve as Chairman of the Board, Lynnet Conley, former CFO of Avathon portfolio company, Shorelight Education, as Interim CFO, and Abhijeet Chimade, an experienced operator with a track record in scaling global technology businesses, as Chief Operating Officer. Mark Hipp, an advisor and operator with deep experience in global operations and technology, will join the Board as a director.\u00a0<\/p>\n

\u201cWe see a clear opportunity to build a market-leading platform in higher education IT services, where institutions face urgent and growing needs around infrastructure, security, and talent,\u201d said Nishaad Balachandran, Principal at Avathon. \u201cOur focus will be on strengthening OculusIT\u2019s go-to-market engine, expanding the leadership team, and investing in capabilities that support scalable, long-term growth.\u201d\u00a0<\/p>\n

This partnership marks Avathon\u2019s sixteenth platform investment. BakerHostetler served as Avathon\u2019s legal advisor on the OculusIT transaction. ElevenX Capital was advised by Tyton Partners as exclusive financial advisor and by Greenberg Traurig as legal counsel.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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About Avathon Capital:<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Avathon Capital is a private equity firm specialized in investing in lower middle-market companies in the education and workforce markets. Avathon\u2019s sector specialization creates compounding advantages\u2014enabling the Firm to deeply understand its markets, identify opportunities early, and build an extensive network of industry leaders and seasoned executives. With its research-first, executive-first approach, Avathon brings decades of experience and a partnership-driven mindset to every investment, engaging with conviction and working collaboratively to drive meaningful growth. Recognized by Inc. as a Top Founder-Friendly Private Equity Firm, Avathon is committed to building enduring companies that shape the future of education and workforce. For more information visit:\u00a0https:\/\/avathoncapital.com\/<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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About OculusIT:<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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OculusIT is a premier provider of managed IT, security, and enterprise application services for higher education institutions. With a 24\u00d77 service model and global delivery capabilities, OculusIT supports more than 200 institutions with tailored solutions that help colleges and universities scale operations, reduce costs, and improve student experiences. OculusIT has offices in Miami, FL and Gurgaon, India. For more information, visit:\u00a0https:\/\/www.oculusit.com\/<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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About ElevenX Capital:<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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ElevenX Capital is a venture studio and venture capital fund that builds companies from the ground up. Founded in 2014 by serial entrepreneur Anjli Jain, ElevenX redefines the traditional venture capital model by combining ideas, capital and talent to create and scale companies across various sectors, including cybersecurity, artificial intelligence, and education and workforce management. The firm brings together experienced entrepreneurs and value creation specialists in marketing, sales, engineering, talent, legal and finance to support the development of new ventures from inception to scale. ElevenX has offices in Miami, Florida and Gurgaon, India. For more information, visit:\u00a0https:\/\/www.elevenxcapital.com<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Sign Up to the ElevenX Capital Bi-Weekly Newsletter<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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