EXA Capital Acquires Forward Advantage

Date: April 27, 2023

EXA Capital, the long-term focused software company acquirors and operators, today announced its acquisition of Forward Advantage, a market leader in solutions for healthcare IT that improve clinical workflows and patient outcomes.

Forward Advantage has worked as a leading provider of solutions that integrate seamlessly with leading Healthcare Information Systems, serving more than a thousand hospitals over the past 30 years, throughout North America, Ireland and the United Kingdom with more than 20 specialized solutions for healthcare.

“I’m excited to welcome Forward Advantage to EXA,” said Omer Sajid, Founder and CEO of EXA Capital. “For 30 years Forward Advantage has empowered healthcare organizations with solutions and services that enhance patient care delivery by improving workflows and giving providers better access to information. We’re proud to welcome Forward Advantage into the EXA portfolio and look forward to working with their team to chart the next 30 years of innovation and excellence.”

“When our founder, and previous CEO, Chris Roggenstein, was ready to retire, it was critical that we partnered with an organization that would allow us to continue operating independently to deliver on our brand promise to our customers and partners,” says Mike Knebel, CEO of Forward Advantage. “EXA Capital is the perfect complement to the core values and vision that built Forward Advantage over the past three decades. I look forward to carrying that vision forward by delivering solutions that make an impact in healthcare and continue to drive our customers’ success.”

As part of EXA’s decentralized model, Forward Advantage will continue to operate autonomously to deliver on its brand promise. With its existing management team and strategic partners, it will continue to focus on the success of its customers in this new phase of growth.

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.