Partnership to expand geographic footprint and digital service offerings
Sparq a U.S.-based provider of outsourced digital engineering for technology driven and Fortune 1000 companies, has announced that funds managed by Harvest Partners Ascend, LP have acquired a majority stake in the company. The partnership will allow Sparq to further scale its operations and digital service offerings and create high-quality technology career opportunities in places where they otherwise might not exist. Bain Capital Double Impact, Sparq's current investment partner since 2019, will remain an investor in the Company. Financial terms of the private transaction were not disclosed.
Founded in 2004 and based in Atlanta, Georgia, Sparq empowers agile and experienced software engineering teams across the country with a disciplined, product-oriented approach and the collaborative infrastructure to meet and exceed customer needs. The Company offers a growing suite of software engineering capabilities including product strategy and design, digital engineering, application modernization, artificial intelligence solutions and data and analytics services. Sparq will continue to operate under the current management team, who remain significant investors in the business.
