Siris Taps Veteran Seth Harward to Fuel Tech Infrastructure Push

WEST PALM BEACH, Fla. – April 08, 2026 – Siris, a private equity firm with a sharp focus on technology-enabled services, today announced a significant strategic hire, bringing veteran investor Seth Harward aboard as Managing Director of Business Development. The move signals an aggressive push to bolster its deal-sourcing capabilities as the firm begins deploying capital from its newest fund, positioning itself to capitalize on the explosive growth in critical technology infrastructure.

A Strategic Hire in a Competitive Talent War

In a private equity landscape marked by intense competition for both deals and talent, Siris's recruitment of Harward is a calculated and strategic maneuver. Harward brings 16 years of direct private equity experience, a career defined by building and leading deal origination engines within the technology sector. His appointment is seen as a direct response to the industry-wide challenge of finding executives who possess a rare blend of financial acumen, operational expertise, and deep-seated industry connections.

Prior to joining Siris, Harward was a Managing Director and Partner in Piper Sandler’s merchant banking group, where he was a key figure in the firm's technology investing efforts. Before that, he spent over a decade at Frontier Growth, joining in 2008 and rising to Partner. At Frontier, he was instrumental in architecting the firm's origination and business development functions, focusing on sourcing investments in growth-stage software companies. This track record of building franchise-level sourcing capabilities is precisely what Siris aims to leverage.

“I am excited to welcome Seth to Siris,” said Frank Baker, Co-Founder and Managing Partner of Siris, in a statement. “Seth brings to our firm an exceptional track record of sourcing and evaluating investments in the technology and services sectors.”

The hire comes at a critical time for the private equity industry. The demand for seasoned professionals with proven expertise in high-growth tech subsectors like AI, cybersecurity, and fintech far outstrips supply. Firms are engaged in a veritable talent war, competing not only with each other but also with the tech giants and well-funded startups that dominate the landscape. Securing an individual like Harward, with a deep network and a history of identifying promising ventures, provides a significant competitive advantage in a crowded market.

Doubling Down on Critical Infrastructure

Harward joins a firm with a highly disciplined and timely investment thesis. Siris focuses on control investments in North American middle-market services companies that form the backbone of critical technology infrastructure. The firm is betting heavily on secular tailwinds that are reshaping the global economy: the proliferation of artificial intelligence, the escalating complexity of cybersecurity, and the relentless march of digital transformation.

The market dynamics validate this focus. AI, for instance, is no longer a futuristic concept but a dominant investment force, with venture funding for AI startups reaching nearly $19 billion in a single quarter of 2024. This tidal wave of investment creates a ripple effect, driving immense demand for the underlying digital infrastructure—from data centers to the software that manages them. Simultaneously, the threat of cyber breaches, projected to cost the global economy over $10.5 trillion annually by 2025, has elevated cybersecurity from an IT cost center to a board-level imperative, creating a robust market for specialized security service providers.

Siris targets companies with EBITDA between $10 million and $50 million, operating in this vital middle market. By applying an "operationally intensive approach" and partnering with seasoned "Executive Partners," the firm aims to transform these foundational companies into market leaders. Harward's mandate will be to systematically identify and cultivate a pipeline of these opportunities.

The TAKKION Deal: A Blueprint for the Future?

The context for Harward's arrival is sharpened by Siris's most recent move: the acquisition of a majority stake in TAKKION, the first investment from its newest fund. At first glance, TAKKION, a premier services provider to the renewable energy industry, might seem outside the typical definition of "tech infrastructure." However, the strategic rationale reveals the depth of Siris's thesis.

TAKKION, which generated approximately $600 million in revenue in 2025, provides full lifecycle services for the renewable energy sector, primarily wind. Siris's leadership explicitly connected this investment to the technology ecosystem. Frank Baker noted that TAKKION is "well positioned to further capitalize on the accelerating energy demands driven by AI data center expansion."

This connection is a crucial insight into Siris's strategy. The firm recognizes that the insatiable power requirements of AI and large-scale data centers make renewable energy providers a critical component of the technology infrastructure value chain. The investment demonstrates a forward-thinking approach that looks beyond software and cloud services to the physical-world enablers of the digital economy. This acquisition sets a clear precedent for the type of creative, cross-sector opportunities Harward will be tasked with sourcing. It suggests a broad and sophisticated interpretation of what constitutes a "critical technology infrastructure" asset.

Harward's Mandate and Siris's Path Forward

For his part, Harward expressed enthusiasm for the firm's direction and the market opportunity. “I have admired Siris for some time and am thrilled to join the firm at such a pivotal moment in its growth trajectory,” he stated. “I was drawn to Siris because of the exceptional team which, under Frank’s leadership, is well positioned to take advantage of market-driven tailwinds across the tech-enabled service ecosystem.”

His role is clearly defined: enhance business development, support long-term growth, and, most importantly, feed the firm’s new fund with a steady stream of lucrative opportunities. Baker underscored this, stating, "He joins the firm at an important time, following our recent investment in TAKKION... I am confident that Seth will play a key role in helping us continue this momentum."

With approximately $6 billion in assets under management and a fresh fund ready for deployment, Siris is not just participating in the market—it is actively shaping its corner of it. The addition of Seth Harward is more than just a new name on the masthead; it is a clear declaration of intent. Siris is arming itself with elite talent to systematically hunt for value in the complex, rapidly evolving, and critically important world of technology infrastructure services. His success will be measured by the quality and quantity of deals he brings to the table, ultimately fueling the firm’s ambition to be a dominant force in its chosen niche.