In 1981 he started working for Stone and Webster, and in 1986 he founded a database consulting firm, D & N Systems, with a partner, Dave Newsom. In January 1990, in Davoli's first successful high-tech exit, D & N Systems was acquired by Sybase a few months before that company went public. D & N Systems changed its name to SQL Solutions, and Davoli stayed on to run it as a separate operating subsidiary. In 1992, Davoli was recruited to become CEO of Epoch Systems, a Sigma Partners portfolio company with a hierarchical storage management product. In 1993 Davoli sold Epoch Systems to EMC Corporation for $141 million. Davoli left Epoch / EMC about a year after the acquisition and started doing angel investing and advising local startups. At about this time, Charles Ferguson had founded Vermeer Technologies which was in the process of creating FrontPage, new and innovative software for creating web pages. Ferguson was seeking out the best advisors he could find in the area and was recommended to Davoli, who joined the Vermeer board as an independent director. Vermeer was purchased by Microsoft in January 1996 for $130 million. In 1995, he was recruited to join the Sigma team on a track to become a full partner in the firm. Once onboard at Sigma Partners, Davoli started funding some of the most successful technology companies to emerge in the Boston area in the mid to late 1990s. Many of these were founded by entrepreneurs who had emerged from the two companies of which he had been CEO: D & N Systems / SQL Solutions and from Epoch Systems. Since D & N Systems / SQL Solutions was an early strong player in the relational database field and Epoch Systems was in a similar position in hierarchical storage management, they were both natural breeding grounds from which strong startups would emerge. Incidentally, one of Davoli's greatest investment successes, Vignette Corporation, was founded by two ex-Epoch Systems employees, Ross Garber and Neil Webber, but had nothing to do with computer storage. Garber and Webber sought out Davoli to provide seed investment funds to start their company but did not even really know what they were going to do. With Davoli's blessing and some of Sigma's money, Vignette got started and developed into a fabulously successful investment in the new field of content management software. Davoli has invested in many other successful companies across the US, including Internet Security Systems, m-Qube, StorageNetworks, Octane Software, TRADEX and new investments Rave Wireless and Recycle Bank. He has been listed several times on Forbes magazine's exclusive "Midas" list and is seen as one of the top early-stage IT venture capitalists in the country.
Personal life
Davoli is married to Eileen McDonagh, a political science professor and together they have 2 sons. They reside in Lincoln, Massachusetts. Aside from business ventures, Davoli is a musician and plays country blues, country, and jazz guitar.
