M&A Deal Summary

Sparq Acquires Octobot

On February 27, 2024, Sparq acquired software company Octobot

Acquisition Highlights
  • This is Sparq’s 1st transaction in the Software sector.
  • This is Sparq’s 1st transaction in Uruguay.

M&A Deal Summary

Date 2024-02-27
Target Octobot
Sector Software
Buyer(s) Sparq
Deal Type Add-on Acquisition

Target

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.

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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. 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 2 of 4
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 4
Country: Uruguay M&A 1 of 1
Year: 2024 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-12 Centare

Brookfield, Wisconsin, United States

Centare provides application development and agile coaching and training services. Centare delivers mobile, web, and enterprise applications utilizing agile techniques and leading-edge technologies. Centare was founded in 1999 and is based in Brookfield, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-09 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.

Buy -