Exa Capital—a Plano-based private equity firm that buys and holds enterprise software companies “forever”—has acquired Flow Software, a leading systems and data integration solutions provider serving businesses across Australia and New Zealand.

Terms of the deal were note disclosed.

Founded in 2004 and headquartered in Auckland, New Zealand, Flow Software offers a powerful integration-as-a-service platform custom-built to help organizations automate data flows, integrate information across disparate systems, and empower faster, more informed decision-making, Exa said.

“Flow has built a durable and highly respected business with a strong leadership team and a loyal customer base across Australia and New Zealand,” Omer Sajid, founder and CEO at Exa, said in a statement. “Their platform plays a critical role in transforming fragmented data into reliable, actionable insights. We’re excited to deepen our presence in the region and support Flow’s continued growth while preserving the independence and culture that have driven their success.”

The acquisition marks Exa Capital’s second portfolio company in New Zealand, strengthening its international presence in the ANZ market.

Backing supports expansion

Flow connects ERP, WMS, CRM, 3PL, EDI, and eCommerce systems through its flagship Statelake platform, integrating them into a comprehensive managed environment, eliminating manual workflows and keeping critical data flowing reliably across retail, logistics, FMCG, and distribution operations. With an 11-year average customer partnership and over 140 businesses supported, Flow has built a reputation as one of the most trusted integration partners in the ANZ market, Exa said.

“Flow has earned trust over two decades by doing one thing exceptionally well—delivering reliable integrations across complex environments,” said Flow CEO David Masters. “Exa’s permanent backing means we can extend that track record by expanding capabilities, supporting more customers, and continuing to deliver the reliability our partners depend on.”

Flow Software will move forward with strong backing, continuing to operate independently under Exa Capital’s decentralized model and maintaining its existing leadership, team, and customer relationships, the company said.

About Exa Capital

Founded in 2020, Exa Capital uses a buy-and-hold strategy for enterprise software companies. Exa Capital’s permanent hold model aligns with founders’ vision of legacy protection and the long-term sustainable growth of their businesses, the firm said.

Earlier this month, Exa acquired Spokane’s StaffReady, a clinical workforce management platform.

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