October Capital acquires Takkion and signs deals for two more services firms

Siris Capital has created October Capital, a West Palm Beach, Florida private equity firm that invests in services businesses helping enterprises adopt and scale new technologies. Siris co-founder Frank Baker is CEO and managing partner. The firm has 16 investment professionals, and fund size was not disclosed.

October Capital focuses on services for AI infrastructure buildout, physical security transformation and financial infrastructure, including digital assets. It has completed one deal, for energy industry services provider Takkion.

The firm has also signed agreements for pension automation and digital payments provider EQ Retirement Solutions and loan servicing software provider Lenvi. Both deals are expected to close in November. Siris, founded in 2011, has deployed more than $9.5 billion of equity, including more than $3 billion in services businesses.