SkySparc, a trusted global provider of digital transformation solutions for treasury and finance institutions, announced the acquisition of Inovotek Solutions (“Inovotek” or the “Company”), a specialist provider of transformation services to capital markets and financial institutions. Financial terms were not disclosed.
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The acquisition will bolster SkySparc’s position as a premier provider of comprehensive digital transformation services to capital markets clients globally. It will address critical client challenges, including regulatory compliance and complex re-platforming initiatives. Additionally, SkySparc will expand its expertise across leading trading and risk management platforms such as Murex, Calypso, and FIS.
By combining Inovotek’s program management expertise with SkySparc’s established managed services and proprietary software – OmniFi and Optimizer – the Company will deliver a robust and complete offering capable of addressing the most complex and demanding client requirements. Together, SkySparc and Inovotek will infuse practical AI throughout their solutions, using OmniFi to drive data-led automation, intelligent test acceleration, and real-time anomaly detection, enabling clients to modernize faster with lower risk.
Joakim Wiener, CEO of SkySparc, said: “By bringing Inovotek’s proven delivery track record together with SkySparc’s OmniFi-powered analytics and automation and our world-class managed services, we’ll help capital markets clients accelerate modernization, reduce risk, and capture value faster on mission-critical platforms.”
“Joining forces with SkySparc scales what our clients value most: deep domain expertise, engineering excellence, and predictable delivery,” said Karim Yahia, CEO and Founder of Inovotek. “Together, we’ll tackle the industry’s most complex transformation challenges across Murex, Calypso, and FIS with greater breadth, resilience, and innovation.”
Inovotek will continue to operate “business as usual” with no disruption to existing clients or service agreements. The combined organization will continue investing in capital markets solutions and delivery models, with a shared ambition to expand its global reach as a preferred partner.
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