Date: 01 March 2023
Jefferson City, Missouri
EXA Capital, the long-term focused software company acquirors and operators, today announced its acquisition of MTW Solutions, specialized software providers for state government agencies, focusing on Grant Management solutions.
For nearly two decades, MTW Solutions has been dedicated to helping the nations’ largest state government agencies with grant management solutions through their flagship GMS product. Other specialized software solutions by MTW include Harvest™, a child nutrition management platform, and COMPAS™, a UI Tax audits software solution.
“We’re delighted to welcome MTW Solutions to EXA,” said Omer Sajid, Founder and CEO of EXA Capital. “MTW Solutions has upheld the values of quality and reliability since it was founded almost two decades ago. This kind of legacy is rare, and we’re proud to have the opportunity to collaborate and build MTW together.
“Dan and I are extremely pleased to join the EXA portfolio,” said Randy Arnold, Co-Founder and President of MTW Solutions. “Finding a partner who will allow MTW to maintain our hard-earned identity and reputation in our target client space was critical in our decision making. We look forward to continuing our current relationships with very little change while being better positioned for our growth strategies going forward.”
“We firmly believe that in joining the EXA team, MTW has found a rare partner that will enable us to care for our people and clients while enabling us to grow in ways that were not previously possible,” added Dan Carier, MTW Solutions’ Co-Founder and Vice President.
As part of EXA’s decentralized model, MTW Solutions will continue to operate autonomously, retain its management team, and continue to build upon the relationships, and legacy that made the business successful in the first place.
About EXA Capital
EXA Capital are software operators and investors for vertical market software companies. EXA works collaboratively with existing management teams to drive growth and innovation, creating long-term value for investors, partners and employees.