Press release

MONTREAL, Sept. 24, 2026 /PRNewswire/ -- Devolutions, a global leader in secure access and IT management solutions, today announced the launch of Devolutions Ventures, a new corporate venture division focused on backing companies and projects across the IT and managed service provider (MSP) ecosystem, including secure access, network performance, automation and other technologies IT teams rely on every day.

Devolutions Ventures builds on seven investments, acquisitions and sponsorships Devolutions has made since 2025, including Mizo, dbatools.pro, Obkio, UniGetUI, Avalonia UI, PowerShell Universal and ControlR, spanning AI automation, network monitoring, open source and IT automation. Rather than pursuing a traditional consolidation strategy, the division is focused on building a connected ecosystem of complementary technologies that address the needs of IT teams and MSPs. Individual investments to date have typically ranged from $500,000 to $3 million per company.

"We've spent more than 15 years building technology for IT teams, so we understand both the problems they face and what it takes to build for this market," said David Hervieux, Chief Executive Officer of Devolutions. "We're approaching Devolutions Ventures as advisors, not simply investors. We want to back strong teams for the long term, give them room to keep building and use what we've learned to help them grow."

Companies Devolutions invests in continue to operate independently, retaining their existing leadership and product roadmaps. They can also tap into Devolutions' global community of more than one million IT professionals across 140 countries, along with the company's experience in go-to-market, security and community building.

"Devolutions brought us much more than capital," said Mike James, Chief Executive Officer at Avalonia UI. "They understand our customers, our market and what it takes to build a technology company in this space. That combination of investment and operating experience made them a particularly valuable partner as we continue through our next phase of growth."

Over the next 12 to 18 months, Devolutions Ventures plans to expand the network of investments and partnerships across the IT and MSP ecosystem, building on its activity to date across AI, network technologies, developer tools and open source software.

Founders and developers building technologies for IT teams and MSPs can learn more about Devolutions Ventures at devolutions.net/company/ventures.

About Devolutions

Founded in Canada in 2010, Devolutions develops secure access and IT management solutions designed to help organizations manage privileged access, passwords and remote connections while simplifying and securing IT operations. More than one million users across 140 countries use Devolutions solutions. For more information, visit devolutions.net.

Media Contact

Jenn Zimmer
The Hoffman Agency
Devolutions-US@hoffman.com
408-621-3352

SOURCE Devolutions