Sparq Acquires Kingsmen Software, Expanding Gen AI Capabilities in Financial Sector

Sparq, a leading U.S. provider of outsourced digital engineering, has announced the acquisition of Kingsmen Software. The Charlotte, N.C.-based Kingsmen specializes in generative AI strategy, consulting, and full stack development for the financial sector.

Kingsmen, founded in 2013, has established itself as a prominent player in enterprise banking, payments, and capital markets, with recent expansion into mid-market and late-stage FinTech. The company's expertise spans custom software delivery, product design, and technology advisory services.

The acquisition is expected to enhance Sparq's offerings in emerging technologies, particularly in the rapidly evolving field of generative AI. Monty Hamilton, CEO at Sparq, emphasized the strategic importance of the move: "Understanding and developing expertise in emerging technologies is vital to create successful strategies for our clients. Kingsmen brings a high level of expertise in GenAI to Sparq, giving our clients more options and insights so they can be on the forefront of the rapidly evolving technology landscape."

Hamilton also highlighted the geographical advantage of the acquisition, noting that Kingsmen's headquarters in Charlotte aligns with Sparq's core foundation and provides a firm base in one of the U.S.'s largest banking hubs.