{"success":true,"data":{"pressRelease":{"id":"175627","rtpr_id":"nGNX25jRrB-20261021","ticker":"BLSH","exchange":"NYSE","all_tickers":["BLSH"],"title":"October Capital Formed with Dedicated Focus on Services Businesses","author":"Globe Newswire","published_at":"2026-10-21T13:00:01.302Z","article_body":"WEST PALM BEACH, Fla., Oct. 21, 2026 (GLOBE NEWSWIRE) -- Siris Capital\n(“Siris”) today announced the creation of October Capital, a private\nequity firm dedicated to investing in services businesses that enable\nenterprises to adopt and scale transformative technologies. Led by Frank\nBaker, who co-founded Siris in 2011 and will serve as CEO and Managing\nPartner, October Capital launches with three investments already in place: the\ncompleted acquisition of Takkion and the signed acquisitions(1) of EQ\nRetirement Solutions and Lenvi.\n\nOver the past 15 years, Siris has built a broader technology investing track\nrecord deploying more than $9.5 billion of equity capital, including more than\n$3 billion in services businesses, which have generated the strongest outcomes\nfor its investors. October Capital builds on that experience with a team\npurpose-built to invest in growing services businesses that help enterprises\nimplement, integrate and operate new technologies to accelerate growth and\nimprove operational efficiency.\n\nOctober Capital is initially focused on three areas where its team has deep\ndomain expertise: (I) the infrastructure of the AI economy, encompassing the\nservices required to facilitate the AI buildout at scale; (II) the\ntransformation of physical security, as enterprises adopt modern technology to\ncounter evolving physical threats; and (III) the evolution of financial\ninfrastructure, including services supporting the modernization of financial\nmarkets and the adoption of digital assets.\n\nBaker leads a team of 16 investment professionals(2), including Managing\nDirectors Dave Calamai and Seth Harward and Principals Kevin O’Brien and\nGrant Weisberg. These senior leaders bring deep experience investing in\ntechnology and services businesses.\n\n“Technologies such as AI and blockchain are going to reshape the global\neconomy, but none of that promise matters until it works in the field,” said\nBaker. “Services businesses bridge that gap, helping enterprises adopt and\ndeploy these technologies at scale. It's an enormous opportunity, and one we\nare well positioned to capture.”\n\nThe creation of October Capital follows a year of significant transformation\nand momentum, including:\n* Announced sale of Equiniti to Bullish (NYSE: BLSH) for $4.2 billion,\ncreating a market-leading, global transfer agent for tokenized securities and\ndigital assets(1)\n\n* Closed acquisition of Takkion, October Capital’s first platform\ninvestment, a leading services provider to the energy industry, which is\nstrongly positioned to benefit from rising power demand driven by AI data\ncenter expansion\n\n* Signed acquisition of EQ Retirement Solutions, providing pension programs\nwith automation tooling and digital payments infrastructure to support more\nthan 10 million members and £10 billion in annual payments(1)\n\n* Signed acquisition of Lenvi, providing loan servicing platforms and AI\nanalytics to enable fraud detection and provisioning, serving more than 150\nlenders and over £100 billion of credit assets under management(1)\n\n* Expanded the investment team with meaningful new hires\nFor more information, visit octobercapital.com.\n\nAbout October Capital\nOctober Capital is a private equity firm investing in the services businesses\nthat help enterprises adopt, integrate and scale transformative technologies.\nLed by Frank Baker, who co-founded Siris in 2011, October Capital builds on a\n15-year technology investing track record established at Siris, encompassing\nmore than $9.5 billion of equity capital deployed. The firm combines deep\nsector expertise and extensive industry relationships with a direct,\ntransparent and collaborative approach to partnering with management teams.\nOctober Capital is headquartered in West Palm Beach, Florida. For more\ninformation, visit www.octobercapital.com.\n\nMedia Contact\nKate Kelley / Madeline Jones\nJoele Frank, Wilkinson Brimmer Katcher\nOctoberCapital-JF@JoeleFrank.com\n(212) 355-4449\n\n(1) Transaction expected, but not guaranteed, to close in November 2026 and\nwill be subject to customary closing conditions\n(2) Totals as of October 2026 and includes one individual starting in January\n2027\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/ec9e9f71-5a71-4a95-bf69-e20b57a048d5)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX25jRrB-20261021","title":"October Capital Formed with Dedicated Focus on Services Businesses","author":"Globe Newswire","ticker":"BLSH","created":"2026-10-21T13:00:01.302Z","tickers":["BLSH"],"exchange":"NYSE","article_body":"WEST PALM BEACH, Fla., Oct. 21, 2026 (GLOBE NEWSWIRE) -- Siris Capital\n(“Siris”) today announced the creation of October Capital, a private\nequity firm dedicated to investing in services businesses that enable\nenterprises to adopt and scale transformative technologies. Led by Frank\nBaker, who co-founded Siris in 2011 and will serve as CEO and Managing\nPartner, October Capital launches with three investments already in place: the\ncompleted acquisition of Takkion and the signed acquisitions(1) of EQ\nRetirement Solutions and Lenvi.\n\nOver the past 15 years, Siris has built a broader technology investing track\nrecord deploying more than $9.5 billion of equity capital, including more than\n$3 billion in services businesses, which have generated the strongest outcomes\nfor its investors. October Capital builds on that experience with a team\npurpose-built to invest in growing services businesses that help enterprises\nimplement, integrate and operate new technologies to accelerate growth and\nimprove operational efficiency.\n\nOctober Capital is initially focused on three areas where its team has deep\ndomain expertise: (I) the infrastructure of the AI economy, encompassing the\nservices required to facilitate the AI buildout at scale; (II) the\ntransformation of physical security, as enterprises adopt modern technology to\ncounter evolving physical threats; and (III) the evolution of financial\ninfrastructure, including services supporting the modernization of financial\nmarkets and the adoption of digital assets.\n\nBaker leads a team of 16 investment professionals(2), including Managing\nDirectors Dave Calamai and Seth Harward and Principals Kevin O’Brien and\nGrant Weisberg. These senior leaders bring deep experience investing in\ntechnology and services businesses.\n\n“Technologies such as AI and blockchain are going to reshape the global\neconomy, but none of that promise matters until it works in the field,” said\nBaker. “Services businesses bridge that gap, helping enterprises adopt and\ndeploy these technologies at scale. It's an enormous opportunity, and one we\nare well positioned to capture.”\n\nThe creation of October Capital follows a year of significant transformation\nand momentum, including:\n* Announced sale of Equiniti to Bullish (NYSE: BLSH) for $4.2 billion,\ncreating a market-leading, global transfer agent for tokenized securities and\ndigital assets(1)\n\n* Closed acquisition of Takkion, October Capital’s first platform\ninvestment, a leading services provider to the energy industry, which is\nstrongly positioned to benefit from rising power demand driven by AI data\ncenter expansion\n\n* Signed acquisition of EQ Retirement Solutions, providing pension programs\nwith automation tooling and digital payments infrastructure to support more\nthan 10 million members and £10 billion in annual payments(1)\n\n* Signed acquisition of Lenvi, providing loan servicing platforms and AI\nanalytics to enable fraud detection and provisioning, serving more than 150\nlenders and over £100 billion of credit assets under management(1)\n\n* Expanded the investment team with meaningful new hires\nFor more information, visit octobercapital.com.\n\nAbout October Capital\nOctober Capital is a private equity firm investing in the services businesses\nthat help enterprises adopt, integrate and scale transformative technologies.\nLed by Frank Baker, who co-founded Siris in 2011, October Capital builds on a\n15-year technology investing track record established at Siris, encompassing\nmore than $9.5 billion of equity capital deployed. The firm combines deep\nsector expertise and extensive industry relationships with a direct,\ntransparent and collaborative approach to partnering with management teams.\nOctober Capital is headquartered in West Palm Beach, Florida. For more\ninformation, visit www.octobercapital.com.\n\nMedia Contact\nKate Kelley / Madeline Jones\nJoele Frank, Wilkinson Brimmer Katcher\nOctoberCapital-JF@JoeleFrank.com\n(212) 355-4449\n\n(1) Transaction expected, but not guaranteed, to close in November 2026 and\nwill be subject to customary closing conditions\n(2) Totals as of October 2026 and includes one individual starting in January\n2027\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/ec9e9f71-5a71-4a95-bf69-e20b57a048d5)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-21T13:00:01.527091406Z","server_sent_at_ms":1792587601527},"received_at":"2026-10-21T13:00:01.585Z","source_url":null},"analysis":{"id":"163643","press_release_id":"175627","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":["Equiniti sale to Bullish is signed but not yet closed; footnote notes closing is 'expected, but not guaranteed' in November 2026"],"eventType":"other","narrative":"Siris Capital announced the creation of October Capital, a new private equity firm led by co-founder Frank Baker focused on services businesses enabling enterprise technology adoption, with Takkion closed and EQ Retirement Solutions and Lenvi signed.\n\nBullish (NYSE: BLSH) is referenced only in the restated, previously announced $4.2 billion acquisition of Equiniti, which is expected to close in November 2026 subject to customary conditions.\n\nNo new terms, figures, or disclosures about the Bullish-Equiniti transaction appear in this release; the news is primarily a firm-launch announcement by Siris.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"PE firm launch release with BLSH only tangentially referenced via the pending Equiniti deal -- no new information for BLSH holders beyond the November close window."},"keyFigures":{"dealValueUsd":4200000000,"customDimensions":{"lenvi_lenders":"more than 150","lenvi_credit_aum":"over £100 billion","eq_retirement_members":"more than 10 million","eq_retirement_annual_payments":"£10 billion","equity_capital_deployed_siris":"$9.5 billion"}},"quotedText":"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","namedEntities":{"people":[{"name":"Frank Baker","role":"CEO and Managing Partner of October Capital; Siris co-founder"},{"name":"Dave Calamai","role":"Managing Director, October Capital"},{"name":"Seth Harward","role":"Managing Director, October Capital"},{"name":"Kevin O'Brien","role":"Principal, October Capital"},{"name":"Grant Weisberg","role":"Principal, October Capital"}],"products":[],"companies":[{"name":"Siris Capital","relationship":"parent/affiliated firm announcing October Capital"},{"name":"October Capital","relationship":"newly formed private equity firm"},{"name":"Bullish","ticker":"BLSH","relationship":"acquirer of Equiniti (previously announced deal referenced)"},{"name":"Equiniti","relationship":"target being acquired by Bullish"},{"name":"Takkion","relationship":"October Capital platform acquisition (closed)"},{"name":"EQ Retirement Solutions","relationship":"signed acquisition by October Capital"},{"name":"Lenvi","relationship":"signed acquisition by October Capital"}],"dollarAmounts":[{"amount":"$4.2 billion","context":"announced sale of Equiniti to Bullish (BLSH)"},{"amount":"$9.5 billion","context":"equity capital deployed by Siris over 15 years"},{"amount":"$3 billion","context":"Siris capital deployed in services businesses"},{"amount":"£10 billion","context":"annual payments supported by EQ Retirement Solutions"},{"amount":"£100 billion","context":"credit assets under management served by Lenvi"}]},"materialImpact":{"score":2,"reasoning":"This is a PE firm launch announcement by Siris, not a Bullish disclosure. BLSH is only referenced via the previously announced $4.2B Equiniti sale, which is restated with no new terms or updates."},"tickerRelevance":{"others":[],"primary":"BLSH"},"globalImportance":18,"audienceRelevance":20,"eventTypeSecondary":["m_and_a"],"importanceComponents":{"tickerTier":"mid-cap crypto exchange","eventGravity":"third-party firm launch; BLSH is a passing reference","issuerAuthored":false,"pendingDealContext":"restates $4.2B Equiniti sale without new terms"}},"event_type":"other","event_type_secondary":["m_and_a"],"sentiment":"neutral","material_impact_score":2,"narrative":"Siris Capital announced the creation of October Capital, a new private equity firm led by co-founder Frank Baker focused on services businesses enabling enterprise technology adoption, with Takkion closed and EQ Retirement Solutions and Lenvi signed.\n\nBullish (NYSE: BLSH) is referenced only in the restated, previously announced $4.2 billion acquisition of Equiniti, which is expected to close in November 2026 subject to customary conditions.\n\nNo new terms, figures, or disclosures about the Bullish-Equiniti transaction appear in this release; the news is primarily a firm-launch announcement by Siris.","key_figures":{"dealValueUsd":4200000000,"customDimensions":{"lenvi_lenders":"more than 150","lenvi_credit_aum":"over £100 billion","eq_retirement_members":"more than 10 million","eq_retirement_annual_payments":"£10 billion","equity_capital_deployed_siris":"$9.5 billion"}},"named_entities":{"people":[{"name":"Frank Baker","role":"CEO and Managing Partner of October Capital; Siris co-founder"},{"name":"Dave Calamai","role":"Managing Director, October Capital"},{"name":"Seth Harward","role":"Managing Director, October Capital"},{"name":"Kevin O'Brien","role":"Principal, October Capital"},{"name":"Grant Weisberg","role":"Principal, October Capital"}],"products":[],"companies":[{"name":"Siris Capital","relationship":"parent/affiliated firm announcing October Capital"},{"name":"October Capital","relationship":"newly formed private equity firm"},{"name":"Bullish","ticker":"BLSH","relationship":"acquirer of Equiniti (previously announced deal referenced)"},{"name":"Equiniti","relationship":"target being acquired by Bullish"},{"name":"Takkion","relationship":"October Capital platform acquisition (closed)"},{"name":"EQ Retirement Solutions","relationship":"signed acquisition by October Capital"},{"name":"Lenvi","relationship":"signed acquisition by October Capital"}],"dollarAmounts":[{"amount":"$4.2 billion","context":"announced sale of Equiniti to Bullish (BLSH)"},{"amount":"$9.5 billion","context":"equity capital deployed by Siris over 15 years"},{"amount":"$3 billion","context":"Siris capital deployed in services businesses"},{"amount":"£10 billion","context":"annual payments supported by EQ Retirement Solutions"},{"amount":"£100 billion","context":"credit assets under management served by Lenvi"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-21T13:00:15.670Z","global_importance":18,"audience_relevance":20,"importance_components":{"tickerTier":"mid-cap crypto exchange","eventGravity":"third-party firm launch; BLSH is a passing reference","issuerAuthored":false,"pendingDealContext":"restates $4.2B Equiniti sale without new terms"}},"durationMs":9087,"modelName":"glm-5.3-flashx"}}