Kingsway Forms Vertical Market Solutions and Acquires Systems Products International (SPI)

Sparq Acquires Kingsmen Software

July 9, 2024

IT Services

Sparq, an Atlanta-based provider of outsourced digital engineering, has acquired Kingsmen Software, a Charlotte-based engineering firm specializing in generative AI strategy and software development for the financial sector. The acquisition brings Kingsmen's FinTech, banking, payments and capital markets expertise into Sparq's platform, expanding Sparq's AI and financial-services engineering capabilities and enabling greater scale for Kingsmen's clients.

S&P Global Mobility Acquires Market Scan Information Systems

February 16, 2023

Data & Analytics

S&P Global Mobility, a division of S&P Global, has acquired Market Scan Information Systems, a provider of automotive pricing and incentive intelligence and Automotive Payments as a Service. The acquisition integrates Market Scan's payment-calculation engine and datasets into S&P Global Mobility's automotive data and sales optimization products; financial terms were not disclosed and Market Scan CEO Rusty West will remain with the company.

NetSPI Acquires nVisium

January 10, 2023

Cybersecurity

NetSPI acquired nVisium to scale its offensive security and penetration testing capabilities by adding experienced application and cloud pentesting talent. nVisium’s founder Jack Mannino joins NetSPI’s senior leadership as the firms combine to support enterprise clients and expand NetSPI’s human-delivered testing capacity.

i3 Verticals Acquires 30-Year-Old Court Systems Software Business

December 31, 2021

Software

i3 Verticals, Inc. announced an acquisition effective December 31, 2021 of a 30-year-old business that provides court system data management solutions across the Southeast and Mid-Atlantic, including electronic filing, case management and document imaging software for state-level customers. The deal expands i3 Verticals' Public Sector product suite and creates cross-selling opportunities; the company also granted inducement equity awards to certain employees in connection with the acquisition.

HBK CPAs Acquires Vertical Solutions (Renamed Vertilocity)

September 28, 2021

IT Services

HBK CPAs & Consultants has acquired Pittsburgh-based managed services provider Vertical Solutions and will integrate it into its $10 million technology division under the new name Vertilocity. The deal brings Vertical Solutions' MSP expertise and offices (Pittsburgh/Bridgeville, Denver and Clark, New Jersey) into HBK's service offering to expand its IT, ERP and managed services capabilities for its professional services and healthcare clients.

i3 Verticals Acquires Business Information Systems (BIS)

February 5, 2021

Payments & Fintech

i3 Verticals, Inc. (Nasdaq: IIIV) acquired substantially all of the assets of Business Information Systems, GP and Business Information Systems, Inc. (BIS), a provider of software and electronic payment solutions serving state and local governments. The aggregate purchase price was approximately $87.7 million ( $52.5M cash and $35.2M Class A common stock) plus up to $16.0 million of contingent consideration; approximately 150 BIS employees joined i3 Verticals.