SkySparc, a global provider of digital transformation solutions for treasury and finance institutions, has acquired Inovotek Solutions, a specialist in transformation services for capital markets and financial institutions, to enhance its service capabilities for global capital markets clients.
The acquisition aims to strengthen SkySparc’s position as a comprehensive digital transformation service provider for capital markets clients worldwide. This move is expected to address client challenges such as regulatory compliance and complex re-platforming initiatives. SkySparc will also expand its expertise across prominent trading and risk management platforms, including Murex, Calypso, and FIS. Financial terms of the acquisition were not disclosed.
By integrating Inovotek’s program management expertise with SkySparc’s established managed services and proprietary software, OmniFi and Optimizer, the combined entity plans to offer a robust suite of solutions. Both companies intend to incorporate practical AI throughout their offerings, utilizing OmniFi for data-led automation, intelligent test acceleration, and real-time anomaly detection. This integration is designed to enable clients to modernize their systems more rapidly while mitigating risk.
Joakim Wiener, CEO of SkySparc, stated, “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.” Karim Yahia, CEO and Founder of Inovotek, commented, “Joining forces with SkySparc scales what our clients value most: deep domain expertise, engineering excellence, and predictable delivery. Together, we’ll tackle the industry’s most complex transformation challenges across Murex, Calypso, and FIS with greater breadth, resilience, and innovation.”
Inovotek Solutions will continue its operations without disruption to existing clients or service agreements. The newly combined organization is committed to ongoing investment in capital markets solutions and delivery models, with a shared goal of expanding its global presence. SkySparc, founded in 2002, provides digital transformation solutions to finance and treasury organizations globally, utilizing its OmniFi platform for process automation, cash visibility, and AI-driven insights. Inovotek Solutions has over two decades of experience in program delivery within the financial sector, specializing in transformation programs, particularly around Murex.
