Exegy acquires NovaSparks

● STRATEGIC | FINTECH

JANUARY 15, 2026

Exegy (Marlin Equity Partners) acquires NovaSparks

TARGET

NovaSparks sells FPGA-based ticker plant appliances delivering sub-microsecond normalized market data and order book building across 80+ feeds to capital markets trading firms globally.

Ownership	VC-backed
Investors	Partech, Crédit Mutuel Equity, Peninsular Capital, West Avenue Capital
Capital raised	$2M
Headcount	11-50 FTEs
Headquarters	Paris, France
Leadership	Luc Burgun, CEO
Sell-side advisor	—

ACQUIRER

Exegy

Exegy provides FPGA-accelerated market data processing systems, electronic trading infrastructure, and managed services to capital markets participants.

Ownership	PE-backed
Parent	Marlin Equity Partners
Investors	Marlin Equity Partners, NewSpring Capital, Bush O'Donnell Capital Partners
Headcount	393 FTEs
Headquarters	St. Louis, Missouri
Leadership	David Taylor, CEO
Buy-side advisor	—

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Exegy -> NovaSparks  (2026-09-11)
strategic_acquisition | FinTech | announced
Target: NovaSparks sells FPGA-based ticker plant appliances delivering sub-microsecond normalized market data and order book building across 80+ feeds to capital markets trading firms globally.
Website: novasparks.com | Buyer site: exegy.com
HQ: Paris, France | Ownership: vc-backed | Buyer sponsor: Marlin Equity Partners | Buyer ownership: pe-backed
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/exegy-novasparks.html

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