Sparq – a leading U.S.-based provider of outsourced digital engineering for technology-driven and Fortune 1000 companies – announced it had acquired Octobot. This fast-growing nearshore digital engineering firm will expand Sparq’s digital product development services and nearshore delivery capabilities.
Octobot and its digital engineering and technology professionals bring new skills and scale to Sparq’s delivery network. And 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.
Launched 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 also offers end-to-end software development solutions, including product strategy & design, data engineering, and cloud development services.
Last year, funds managed by Harvest Partners Ascend Management, LP acquired a majority stake in Sparq, intended to allow the company to scale its operations and digital service offerings further. And 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 nationwide with a disciplined and product-oriented approach and a collaborative mindset to meet and exceed customer needs. And The company was founded in 2004 and has become known nationally as an employer of choice, winning numerous workplace culture awards.
KEY QUOTES:
“In the fast-moving current technology landscape, it is vital to scale quickly and create product-focused digital engineering solutions. 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.”
- Monty Hamilton, CEO of Sparq
“At Octobot, we pride ourselves on delivering end-to-end software development and digital transformation solutions that drive results for our clients. 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.”
- Guillermo Perez, CEO of Octobot
