Exa Capital, a U.S.-based private equity firm, acquired Flow Software, a New Zealand-based technology company that specializes in integration solutions. The transaction closed on February 24, 2026.

Acquirer:Exa Capital (US)
Target:Flow Software (NZ)
Deal type:acquisition
Deal value:undisclosed
Close date:February 24, 2026
Sector:Technology

The acquisition is part of Exa Capital’s strategy to expand its footprint in the Asia-Pacific region, particularly focusing on Australia and New Zealand (ANZ). Flow Software brings a robust customer base and experienced leadership team to Exa Capital.

Deal Mechanics

No specific financial details were disclosed for this transaction. The deal was struck without the involvement of any advisors on either side, indicating a direct negotiation between the two parties.

Strategic Rationale

Exa Capital’s rationale behind the acquisition is to bolster its market presence in ANZ by integrating with an established player that has a strong reputation for delivering integration solutions. Flow Software’s leadership and customer loyalty will enable Exa Capital to gain deeper insights into local market dynamics, which are essential for effective business expansion.

Financial Context

The exact financial terms of the deal remain undisclosed, but this move underscores Exa Capital’s commitment to identifying synergistic opportunities within a niche market. The ANZ technology sector has been growing steadily over recent years, driven by increasing demand for digital solutions and cloud-based services.

Advisors

No advisory firms were engaged in the transaction on either the buy or sell side.

Outlook

The integration of Flow Software into Exa Capital’s portfolio is expected to enhance the firm’s service offerings and strengthen its market position. Moving forward, Exa Capital will look to leverage Flow Software’s expertise to further penetrate the ANZ technology landscape.