M&A Deal Summary

Sparq Acquires Kingsmen Software

On July 9, 2024, Sparq acquired information technology company Kingsmen Software

Acquisition Highlights
  • This is Sparq’s 1st transaction in the Information Technology sector.
  • This is Sparq’s 2nd transaction in the United States.
  • This is Sparq’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2024-07-09
Target Kingsmen Software
Sector Information Technology
Buyer(s) Sparq
Deal Type Add-on Acquisition

Target

Kingsmen Software

Charlotte, North Carolina, United States
Kingsmen Software is a software development company that crafts high-quality software products and helps their clients do the same via their exclusive approach. Kingsmen Software was founded in 2013 and is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Sparq

Atlanta, Georgia, United States
Category Company
Founded 2004
Sector Information Technology
DESCRIPTION

Sparq is a provider of outsourced digital engineering to build, deploy and support digital applications, products, and experiences. The company's U.S.-centric, 100% remote delivery model accesses untapped and underleveraged technology talent and eliminates the obstacles of distant time zones, language, and geopolitical risks. Scrum-as-a-Service, Sparq’s engagement framework for Agile software engineering, provides rapid and flexible deployment of multidisciplinary teams via an elastic consumption model and predictable monthly pricing. It provides solutions for technology-driven and Fortune 1000 clients across various industries including Logistics and Transportation, Healthcare, High-Tech, and Financial Services. Sparq was founded in 2004 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 3 of 4
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (North Carolina) 1 of 1
Country (United States) 2 of 3
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-27 Octobot

Montevideo, Uruguay

Octobot deploys a nearshore delivery model with colleagues across Uruguay, Argentina, and Colombia. Primarily serving U.S.-based clients, the company offers end-to-end software development solutions including product strategy & design, data engineering and cloud development services. Octobot was founded in 2014 and is headquartered in Montevideo, Uruguay.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-11 Amplify Consulting Partners

Bellevue, Washington, United States

Amplify Consulting Partners is a data-first consulting firm trusted by Fortune 500 businesses to deliver high-impact professional services across the technology ecosystem, including data engineering, visual analytics, program management and data-driven marketing. Amplify Consulting Partners was formed in 2017 and is headquartered in Bellevue, Washington.

Buy -
Mergr

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