EXA Capital

Name

EXA Capital

Legal name

EXA Capital, LLC

Website

http://www.exacapital.co

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Private Equity Holdings

NAICS

Management of Companies and Enterprises (55111), Funds, Trusts, and Other Financial Vehicles (525), Portfolio Management and Investment Advice (52394), Software Publishers (513210)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371)

akta.pro primary industry

Technology & Software Growth Equity (FSANACAA)

akta.pro secondary industry

IT Asset Lifecycle Services (Procure-to-Retire) (BPAEAOAF)

Keywords

• Private equity acquisitions
• Vertical market software
• Buy-and-hold strategy
• Enterprise software holdings
• Permanent capital investments

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Investment Returns and Portfolio Company Growth: EXA Capital generates returns through the long-term growth and value creation of acquired enterprise software companies. As a permanent capital holder, they benefit from organic growth, operational improvements, and strategic expansion of their portfolio companies without pressure for short-term exits.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

EXA Capital acquires and permanently holds vertical market enterprise software companies, deploying permanent capital with no intention to resell. Through its decentralized operating model and centralized Enterprise Support Group, it provides acquired companies with shared finance, marketing, HR, and IT services while preserving each company's brand, culture, leadership, and product roadmap. Since 2020 the firm has built a portfolio of independent software businesses across healthcare technology, telecom expense management, systems integration, software license optimization, lease accounting, and HR benefits.

Product overview

EXA Capital operates as a permanent holding company for enterprise software businesses, following a buy-and-hold-forever strategy rather than a traditional private equity exit model. The company does not offer a single unified product but maintains a portfolio of independently operated software companies across healthcare technology, data integration, telecom expense management, license optimization, lease accounting, and HR benefits sectors. EXA Capital's portfolio includes StaffReady (clinical workforce management), Flow Software/Statelake (systems integration), Prista Corp/ActionCue CI (clinical intelligence), Valicom/Clearview (telecom expense management), TeamEDA/LAMUM (license management), Nomos One (lease accounting), PrecisionCare (EHR/care management), Forward Advantage (healthcare IT integration), and eBenefits Network (HR benefits marketplace). Each portfolio company operates autonomously under EXA Capital's decentralized model, maintaining its own brand, leadership, and product roadmap while benefiting from shared enterprise support services.

Differentiator

Problem solved

Functional benefit

Products and services

• StaffReady Cloud-native SaaS platform for clinical workforce management in healthcare, providing compliance, scheduling, and inspection readiness solutions to hospital ancillary departments, laboratories, pharmacies, and bioscience organizations. Founded in 1995 and cloud-native since 2002.
• Flow Software / Statelake Platform Systems and data integration solutions provider operating the Statelake platform, which connects ERP, WMS, CRM, 3PL, EDI, and eCommerce systems into a unified managed environment for retail, logistics, FMCG, and distribution operations across Australia and New Zealand.
• Prista Corporation / ActionCue CI Healthcare SaaS provider offering ActionCue CI, a clinical intelligence platform combining quality assurance, risk management, and performance improvement functions for healthcare delivery organizations.
• Valicom / Clearview TEM Telecom and technology management services provider for the mid-market, offering the Clearview SaaS software platform along with telecom expense and inventory management services for public and private sector clients.
• TeamEDA / LAM and LAMUM Provider of integrated software license management and optimization for engineering applications, combining License Asset Management (LAM) with Usage Monitoring (LAMUM) for CAD, CAM, CAE, EDA, PLM, and other design and simulation tools.
• Nomos One Business-critical lease management and lease accounting SaaS platform serving global customers across various industries and lease portfolio sizes with technical product IP.
• PrecisionCare SaaS platform specializing in electronic health records (EHR) and care management solutions for behavioral health and long-term care industries, empowering providers with operational efficiency and patient care tools.
• Forward Advantage Healthcare IT solutions provider offering integration solutions with leading Healthcare Information Systems, serving more than a thousand hospitals across North America, Ireland, and the United Kingdom with 20+ specialized healthcare workflow solutions.

Quantifiable outcome

• 11-year average customer partnership duration at Flow Software portfolio company demonstrates the trust-based model works for building enduring businesses

Named customers4 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability3 records

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Constellation Software: Constellation Software is the original and largest perpetual acquirer of vertical market software (VMS) companies, holding them indefinitely rather than exiting. EXA Capital explicitly mirrors this buy-and-hold-forever philosophy applied to mid-market enterprise software, making Constellation the closest comparable business model in the public markets.
• Thoma Bravo: Thoma Bravo is the largest dedicated software-focused private equity firm, with a portfolio spanning healthcare IT, security, and vertical software — direct overlap with EXA's healthcare and VMS focus. While Thoma Bravo operates on a traditional fund cycle vs. EXA's permanent capital, both target the same enterprise software deal universe.
• Vista Equity Partners: Vista Equity Partners is a leading enterprise software-focused PE firm with deep healthcare IT and vertical SaaS exposure. Vista's operating model and target verticals (healthcare, telecom, IT management) directly overlap with EXA's portfolio focus areas.
• Hg (Hg Capital): Hg is a London-based PE firm specializing in software and services businesses, with a focus on vertical market software across healthcare, compliance, and business process automation. Hg's focus on mission-critical, recurring-revenue software companies closely parallels EXA's acquisition criteria.
• Francisco Partners: Francisco Partners is a technology-focused PE firm with active investments in healthcare IT, vertical SaaS, and enterprise software — direct overlap with EXA's portfolio verticals. Both firms target similar mid-market enterprise software businesses.
• Insight Partners: Insight Partners is a global software-focused PE and growth equity firm investing in vertical SaaS and enterprise software. While Insight typically takes growth-stage minority positions rather than full buy-and-hold acquisitions, its target verticals overlap with EXA's healthcare and VMS focus.
• Audax Group: Audax Group is a PE firm known for its 'buy-and-build' strategy in vertical market software and healthcare services. Audax's mid-market focus on mission-critical, recurring-revenue software businesses closely aligns with EXA's acquisition profile.
• Accel-KKR: Accel-KKR is a PE firm focused on middle-market software and tech-enabled services companies, with active investments in healthcare IT and vertical SaaS. The firm's vertical software focus and mid-market deal size make it a comparable peer for EXA's acquisition strategy.
• Alpine Investors: Alpine Investors is a PE firm specializing in vertical market software and services businesses, with a focus on founder-friendly deals and long-term value creation. Alpine's PeopleFirst philosophy and software vertical focus parallel EXA's founder-friendly buy-and-hold approach.
• Marlin Equity Partners: Marlin Equity Partners is a software-focused PE firm investing in healthcare IT, telecom, and vertical SaaS businesses. Marlin's target verticals and mid-market enterprise software focus directly overlap with EXA's portfolio strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/exa-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EXA Capital