October Capital Formed with Dedicated Focus on Services Businesses
Key Highlights
- ➤October Capital launches with three services-business investments already in place
- ➤Equiniti sale to Bullish (NYSE: BLSH) announced at $4.2 billion
- ➤Takkion acquisition closed as October Capital’s first platform investment
- ➤EQ Retirement Solutions acquisition signed, supporting 10 million members and £10 billion annual payments
- ➤Lenvi acquisition signed, serving 150+ lenders and over £100 billion credit assets
Expert Statements
Frank Baker, CEO and Managing Partner of October Capital
“Technologies such as AI and blockchain are going to reshape the global economy, but none of that promise matters until it works in the field.”
Frank Baker, CEO and Managing Partner of October Capital
“Services businesses bridge that gap, helping enterprises adopt and deploy these technologies at scale. It's an enormous opportunity, and one we are well positioned to capture.”
WEST PALM BEACH, Fla., Oct. 21, 2026 (GLOBE NEWSWIRE) -- Siris Capital (“Siris”) today announced the creation of October Capital, a private equity firm dedicated to investing in services businesses that enable enterprises to adopt and scale transformative technologies. Led by Frank Baker, who co-founded Siris in 2011 and will serve as CEO and Managing Partner, October Capital launches with three investments already in place: the completed acquisition of Takkion and the signed acquisitions(1) of EQ Retirement Solutions and Lenvi.
Over the past 15 years, Siris has built a broader technology investing track record deploying more than $9.5 billion of equity capital, including more than $3 billion in services businesses, which have generated the strongest outcomes for its investors. October Capital builds on that experience with a team purpose-built to invest in growing services businesses that help enterprises implement, integrate and operate new technologies to accelerate growth and improve operational efficiency.
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