“We are excited to partner with Henry Eimstad, Frank Vaskelis and the rest of the management team to support the Company’s next phase of growth,” said Christina Pai, Partner at Fort Point Capital. “Thanks to its talented, experienced team, SIG is recognized as an industry leader in the higher education IT services market. SIG’s software agnostic service offering has positioned the Company to capitalize on the increased use of technology in the higher education landscape, all while serving the best interests of its customer base. Furthermore, we believe the Company will continue to benefit from its durable, long-term customer relationships and the strong tailwinds in the broader IT services market.” Based in San Diego, California, Strata is a best-in-class provider of IT services to higher education institutions. The Company offers a range of services including software implementation, cloud migration, digital transformation, database administration and ongoing support services. The Company will continue to be led by Henry Eimstad and Frank Vaskelis, who co-founded SIG in 1987, operating as its President and Founding Partner, respectively. (“Strata”, “SIG” or the “Company”) in partnership with the Company’s management team. News Fort Point Capital Invests in Strata Information Group, Inc.įort Point Capital, a Boston-based private equity firm, announced today that it has completed a recapitalization of Strata Information Group, Inc.
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