Exa Capital acquires Flow Software

FEBRUARY 24, 2026

Exa Capital Inc. acquires Flow Software

TARGET

Flow Software delivers a managed integration-as-a-service platform connecting ERP, WMS, CRM, EDI, and eCommerce systems for retail, logistics, FMCG, and distribution businesses across Australia and New Zealand.

Ownership	Founder-owned
Headcount	23 FTEs
Headquarters	Auckland, New Zealand
Leadership	David Masters, CEO, Managing Director
Sell-side advisor	—

ACQUIRER

Exa Capital Inc.

Buy-and-hold private equity firm acquiring enterprise software companies permanently under a decentralized model

Ownership	—
Headquarters	Plano, Texas
Deal lead	Omer Sajid (Exa Capital)
Buy-side advisor	—

Share deal Copy details View press release ↗

Exa Capital -> Flow Software  (2026-09-11)
buyout | Horizontal SaaS | announced
Target: Flow Software delivers a managed integration-as-a-service platform connecting ERP, WMS, CRM, EDI, and eCommerce systems for retail, logistics, FMCG, and distribution businesses across Australia and New Zealand.
Website: flowsoftware.com | Buyer site: exacapital.co
HQ: Auckland, New Zealand | Ownership: founder-owned
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/exa-capital-flow-software.html

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