Image of Athul Ravunniarath

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 Sell-side: Nuqleous on Investment by Rubicon
July 16, 2025
Stax supported Nuqleous, a leading provider of space planning and retail analytics software, on its recent strategic growth investment from Rubicon Technology Partners. Read more here.
Stax Advises Nautic Partners on Acquisition of AccessIT Group
July 16, 2025
Stax supported Nautic Partners on its recent acquisition of AccessIT Group, a trusted provider of specialized cybersecurity services and solutions. Read more here.
Stax Advises WilliamsMarston on its Recent Acquisition of AIT Consulting Services
July 16, 2025
Stax supported WilliamsMarston, a national leader in various financial advisory services, on its acquisition of AIT Consulting Services, a OneStream Software firm. Read 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 Sell-side: Nuqleous on Investment by Rubicon
July 16, 2025
Stax supported Nuqleous, a leading provider of space planning and retail analytics software, on its recent strategic growth investment from Rubicon Technology Partners. Read more here.
Stax Advises Nautic Partners on Acquisition of AccessIT Group
July 16, 2025
Stax supported Nautic Partners on its recent acquisition of AccessIT Group, a trusted provider of specialized cybersecurity services and solutions. Read more here.
Stax Advises WilliamsMarston on its Recent Acquisition of AIT Consulting Services
July 16, 2025
Stax supported WilliamsMarston, a national leader in various financial advisory services, on its acquisition of AIT Consulting Services, a OneStream Software firm. Read more.
Stax Provides Sell-side Support to Peak Rock Capital on its Sale of Amtech to Vista Equity Partners​
June 25, 2025
Stax congratulates Peak Rock Capital on its recent sale of Amtech Software, a leading provider of industrial software to the global packaging industry, to Vista Equity Partners. Read more here.
Stax Provides Sell-Side Support to Casepoint on Merger with OPEXUS​
May 6, 2025
Stax provided sell-side support to Vision Government Solutions on its Recapitalization by Great Hill Partners, working closely with their investment bank, Shea & Co. ​Click to read more.
Stax Advises HITRUST on Growth Investment from Brighton
March 19, 2025
Stax recently supported HITRUST, a leader in information security assurance for risk and management and compliance, on its growth investment by Brighton Park Capital. Learn more.
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 provided our investment advisory services to Berkshire Partners in its recent investment in Thrive, a leading provider of cybersecurity, cloud, and IT managed services. Click to learn more.
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