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Athul Ravunniarath

Managing Director
Boston

Athul Ravunniarath

Managing Director

About

Athul Ravunniarath is a Managing Director at Stax. Athul has nearly a decade of experience in software and technology, partnering with mega-cap and mid-market software and IT services private equity sponsors on due diligence and strategic initiatives. He works closely with portfolio companies to drive value creation, with a strong focus on go-to-market strategies.


During his tenure, Athul has played a pivotal role in over 200 engagements for private equity sponsors and their portfolio companies. His software expertise spans infrastructure, horizontal, and vertical software domains, including Governance, Risk, and Compliance (GRC), Cybersecurity, Networking & Cloud Management, Supply Chain, Hospitality, and GovTech.


Athul also leads Stax’s work in the IT services ecosystem, encompassing Managed Services Providers (MSPs), Value-Added Resellers (VARs), and Systems Integrators (SIs). Athul’s insights have consistently helped clients navigate complex challenges and seize opportunities in the rapidly evolving technology landscape.


Athul joined Stax in 2016 and rejoined the firm in 2021 after two years at Altman Solon (previously Altman Vilandrie and Company), where he served as a Senior Consultant focusing on TMT engagements.​​ Prior to joining Stax, Athul worked in equity research at Morningstar and as a consultant for numerous impact investment firms focusing on energy and financial services.


Athul holds a Masters in International Finance and Development Economics from The Fletcher School of Law and Diplomacy at Tufts University and a B.A. in Government and Economics from Colby College. ​

Extracurricular

Athul is a big fan of squash and can often be found on the courts near the Stax Boston office at 7 am.

Stax Promotes Three Exceptional Leaders to Managing Director
January 30, 2025
Stax is pleased to announce the promotion of three outstanding professionals to the role of Managing Director: Will Barden, Darren Buskirk, and Athul Ravunniarath. Click here to learn more.
Stax and Shea & Company | Governance, Risk, & Compliance Market
January 29, 2025
In this collaborative research effort, Stax and Shea & Company have compiled a 2025 market update on the Governance, Risk, and Compliance sector. Click to learn more.
Stax Provides Sell-Side Support to Casepoint on Merger with OPEXUS​
January 28, 2025
Stax recently supported Casepoint, a leading provider of government process management software, on its merger with OPEXUS. Click here to learn more.
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Image of Athul Ravunniarath

Athul Ravunniarath

Managing Director
Boston

About

Athul Ravunniarath is a Managing Director at Stax. Athul has nearly a decade of experience advising TMT-focused private equity firms on commercial due diligence and growth strategies. ​​


Athul leads software and technology at Stax, supporting private equity sponsors across the size spectrum with due diligence and strategy engagements. In addition, Athul also supports portfolio companies with value creation initiatives spanning market expansion and prioritization opportunities, new product development, and go-to-market strategy development. ​​


Athul joined Stax in 2016 and rejoined the firm in 2021 after two years at Altman Solon (previously Altman Vilandrie and Company), where he served as a Senior Consultant focusing on TMT engagements.​​


Prior to joining Stax, Athul worked in equity research at Morningstar and as a consultant for numerous impact investment firms focusing on energy and financial services. Athul holds a Masters in International Finance and Development Economics from The Fletcher School of Law and Diplomacy at Tufts University and a B.A. in Government and Economics from Colby College. ​

Extracurricular

Athul is a big fan of squash and can often be found on the courts near the Stax Boston office at 7 am.

Stax Promotes Three Exceptional Leaders to Managing Director
January 30, 2025
Stax is pleased to announce the promotion of three outstanding professionals to the role of Managing Director: Will Barden, Darren Buskirk, and Athul Ravunniarath. Click here to learn more.
Stax and Shea & Company | Governance, Risk, & Compliance Market
January 29, 2025
In this collaborative research effort, Stax and Shea & Company have compiled a 2025 market update on the Governance, Risk, and Compliance sector. Click to learn more.
Stax Provides Sell-Side Support to Casepoint on Merger with OPEXUS​
January 28, 2025
Stax recently supported Casepoint, a leading provider of government process management software, on its merger with OPEXUS. Click here to learn more.
Stax Advises Berkshire Partners on its Investment in Thrive
January 16, 2025
Stax is proud to have provided our investment advisory services to Berkshire Partners in its recent strategic investment in Thrive, a leading provider of cybersecurity, cloud, and IT managed services. Click to learn more about this recent investment and the Stax team.
Stax Advises SPS Commerce on Acquisition of Carbon6 Technologies​
January 7, 2025
Stax congratulates SPS Commerce on its recent acquisition of Carbon6 Technologies, a provider of software tools to Amazon sellers. Read more about the deal here.
Stax Provides Sell-Side Support to Integris, a leading IT MSP, on its Acquisition by OMERS
December 5, 2024
Stax provides sell-side support to Integris, a leading managed IT service provider, on its acquisition by OMERS Private Equity. Read more.
Stax Supports Guidepost on its Investment in Kaizen, a Leader in Regulatory Compliance Solutions​
November 6, 2024
Stax recently supported Guidepost Growth Equity on its investment in Kaizen, a leading provider of regulatory compliance solutions for global financial institutions. Read about the deal here.
Stax Provides Sell-Side Support to Avantra on its Investment from Resurgens Technology Partners​
October 2, 2024
Stax recently supported Avantra, a leading European AIOps platform for SAP operations, on their investment from Resurgens Technoilogy Partners. Read about the deal here.
Stax Advises Agellus Capital on its Investment in BlackPoint IT Services
September 19, 2024
Stax congratulates Agellus Capital on its investment in BlackPoint IT Services, a leading provider of managed IT and cybersecurity services. Click here to read more.
Stax Provides Sell-Side Support to SkyKick on its Acquisition by Connectwise
September 12, 2024
Stax recently supported SkyKick, a pioneer and leader in cloud backup and management software, on its acquisition by Connectwise. Learn more.
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