Acquisition expands Sparq’s digital product development services and nearshore delivery capabilities
ATLANTA (February 27, 2024)—Sparq, a leading U.S.-based provider of outsourced digital engineering for technology driven and Fortune 1000 companies, has acquired Octobot, a fast-growing nearshore digital engineering firm that will expand Sparq’s digital product development services and nearshore delivery capabilities.
Octobot and its team of digital engineering and technology professionals bring new skills and scale to Sparq’s delivery network. Existing Octobot clients will benefit from access to a broader set of capabilities and resources, and its employees will have access to expanded career opportunities. Sparq’s existing clients will have more opportunities to scale up for big projects through a large nearshore talent network and richer digital engineering capabilities.
“In the fast-moving current technology landscape, it is vital to scale quickly and create product-focused digital engineering solutions,” said Monty Hamilton, CEO of Sparq. “With an impressive leadership team that is focused on growth, Octobot adds to Sparq’s talent network, allowing us to further expand our global digital engineering capabilities for our clients. With a flexible delivery model, we can better meet the needs of our clients and the marketplace.”
Founded in 2014 and headquartered in 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.
“At Octobot, we pride ourselves on delivering end-to-end software development and digital transformation solutions that drive results for our clients,” said Guillermo Perez, CEO of Octobot. “By joining Sparq, we will have access to more resources and growth opportunities that will lead to growth and success for our team and the organization as a whole. We are excited to be part of the Sparq family and its award-winning culture.”
In 2023, funds managed by Harvest Partners Ascend Management, LP acquired a majority stake in Sparq, intended to allow the company to further scale its operations and digital service offerings. Bain Capital Double Impact, has also been one of Sparq’s investment partners since 2019. Based in Atlanta, Sparq empowers agile and experienced software engineering teams across the country with a disciplined, product-oriented approach and the collaborative mindset to meet and exceed customer needs. The company was founded in 2004 and has become known nationally as an employer of choice, winning numerous workplace culture awards.
About Octobot
Octobot is a custom software development partner, with extensive expertise in designing and developing innovative digital products for companies based in the US. The main purpose of the company is to create user-centric solutions that improve people’s lives. Their team of designers, engineers and other product specialists has more than 10 years of experience working on a diverse portfolio of projects, from launching trendy startup apps to redesigning complex enterprise systems. For more information, please visit www.octobot.io.
About Sparq
Sparq is the leading provider of outsourced digital engineering to develop great digital products and experiences, purpose-built for the Cloud and powered by data and AI. With an emphasis on high-quality results, speed, flexibility and integrity, Sparq’s unique blended onshore/nearshore delivery model maximizes cost effectiveness, clear communication and the ability to quickly scale. The company offers world-class solutions to technology-driven and Fortune 1000 clients in various industries, including Logistics and Transportation, Healthcare, Financial Services, and Insurance. For more information, please visit www.teamsparq.com.
Media Contact
Tyler Pearson
404.722.2222
tyler@high-iron.com
Sparq Named Best Place to Work for Disability Inclusion by Disability:IN
Sparq has been named a Best Place to Work for Disability Inclusion by Disability:IN, a global organization driving disability inclusion and equality in business. "We believe that our colleagues’ diverse perspectives drive innovation and create a stronger, more versatile organization," said Robin Stenzel, Chief People Officer at Sparq. "That's why we're so thrilled to receive this honor from Disability:IN, as it reflects our commitment to fostering an equitable and inclusive workplace where everyone can thrive.”
Atlanta-Based Sparq Acquires 2 U.S.-Based Digital Engineering Companies
Sparq has acquired Charlotte, N.C.-based Kingsmen Software and Seattle-based Amplify Consulting Partners. This marks the third acquisition over the past six months, boosting the company’s capabilities and ability to scale for its clients.
New Research Report Looks at AI Usage and When Machines Should Take Control
In today's world where rapid decision-making can mean the difference between success and failure, artificial intelligence (AI)-infused products and services are stepping up to fill the gap when human action falls short. According to the newly released report, “When and Where the Machine Should Rule,” AI systems are swiftly becoming a top priority for companies across various sectors.
Technology Executives Roundtable Honors Sparq CEO Monty Hamilton with Leadership Award
The Technology Executives Roundtable (TER) honored Sparq CEO Monty Hamilton with the 2023 John Imlay Leadership Award. The Award recognizes and celebrates those who have shown exceptional leadership on behalf of the Georgia high-tech community.