our criteria
Zax acquires software companies with strong bones and untapped potential. We’re not looking for perfection. We’re looking for the right raw materials to transform with AI.
What we look for
- Type: B2B software businesses (on-premise or SaaS).
- Revenue: Typically $10M–$50M/yr (but larger and smaller work too).
- Growth: Typically Low, Flat, or Negative.
- Profitability: Negative, Neutral or slightly Positive.
- Staff/Leadership: Open to a clean exit or willing to remain and adapt under our leadership.
- Geography: Global.
- Exceptions: Assuming a good fit, we are happy to lean into hairy situations and broken balance sheets.
evaluation process
We move fast, and we do the work ourselves. No bloated diligence teams, no endless back-and-forth. Here’s how we evaluate:
- Initial Fit Call: We determine strategic fit quickly. If there’s a mutual spark, we move.
- Data Review: Key financials, customer metrics, and product architecture. We focus on insights, not polish.
- Customer Insight Scan: We’ll understand your users, their loyalty, and the potential for AI-driven product growth.
- AI Transformation Potential: Our team models where AI creates 10x leverage—product, process, or both.
You’ll know within weeks if we’re serious. And if we are, we’ll make a real offer.
acquisition process
Simple. Direct. No drama.
- Clean Deals: Cash at close with no games or contingencies.
- Fast Close: Most deals complete within 30–45 days from term sheet.
- Founder-Friendly: Stay, go, or propose your next act—we’ve done it all.
- Zero Bureaucracy: No endless board approvals or LP red tape.
We’re buyers, not tire-kickers. When we say we’re ready to move, we mean it.
