Our Portfolio Companies
Our Process
We provide a permanent home to Enterprise Software Businesses. The businesses we buy are good businesses, where we identify drivers to make them great. To this end, we get introduced to hundreds of companies during the course of the year.
1
Introductions
EXA Capital operates on a fundamental principle: we acquire enterprise software companies with the intention of keeping them forever.
This permanent capital model shapes everything we do, from evaluating potential acquisitions to supporting portfolio companies post-acquisition.
We look for established enterprise software businesses with strong market positions, proprietary software, loyal customer bases, and potential for continued growth.
2
Preliminary review
Once we’ve mutually recognized that your business aligns with our criteria, and just as importantly, that Exa could be the right long-term home for your company – we take the next step with care and confidentiality.
At this stage, we typically enter into a confidentiality agreement, allowing both parties to share more detailed insights about the business—its operations, financials, customers, etc. This phase sets the tone for a thoughtful and collaborative dialogue, paving the way for more detailed conversations about what a future together could look like.
3
Detailed conversation
As we dive deeper into understanding your business, we believe it’s equally important for you to get to know us—not just as investors, but as partners.
During this stage, we facilitate introductions with some of our business leaders who have already navigated the transition into the Exa ecosystem. These conversations offer you a firsthand perspective on what the acquisition process looks like and, more importantly, what post-acquisition life looks like.
When it comes to making an offer, we are highly selective about issuing Letters of Intent (LOIs). For us, an LOI is not just a placeholder – it’s a clear signal of our serious commitment to acquiring your business under the terms we present. We approach this step with the same thoughtfulness and long-term mindset that defines every part of our process.
4
Due
diligence
Due diligence is a rigorous review of the business – designed to dive into critical areas, including review of accounting policies and practices, operational workflows, customer analysis, market positioning, and the leadership team that drives the business forward.
At Exa, the due diligence process is led by our in-house team of seasoned professionals. Their hand-on experience allows us to run a highly efficient and focused process.
Our approach to due diligence aims to validate our investment thesis and is built on trust—laying the foundation for a seamless transition from diligence to closing.
5
Close
The final step in the acquisition journey is formalizing everything through legal documentation.
Our legal teams work diligently to ensure the definitive agreements capture the spirit of the partnership we’ve built throughout the process.
Once the final signatures are in place and all closing conditions are met, the acquisition funds are wired to the seller—officially marking the transition of ownership, and the beginning of a new chapter.
What our founders say
Interested in joining us?
Built a successful enterprise software company? Let’s chat about how Exa’s permanent capital model could honor your business legacy while supporting its continued growth.