Press Release
Marlin portfolio company Exegy acquires NovaSparks
LOS ANGELES, January 14, 2026 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired NovaSparks Inc. (“NovaSparks”), a provider of real-time market data normalization and distribution solutions, specializing in Field Programmable Gate Array (“FPGA”) enabled products. NovaSparks’ technology aims to support the most demanding speed and scale requirements of modern electronic trading platforms used by elite capital markets businesses. NovaSparks will be merged with Exegy, an existing Marlin portfolio company, further expanding Exegy’s prominent global position in high-performance market data and trading technology.
“We are thrilled to welcome the NovaSparks customers to Exegy. We have a strong track record of blending the strengths of talented teams and proven products to elevate the user experience and deliver greater value to our clients, and we are excited to continue this strategy with NovaSparks,” said David Taylor, Chief Executive Officer of Exegy. “Following our acquisitions of Vela Trading Systems and Enyx, the addition of NovaSparks is the latest milestone in our mission to be the leading capital markets technology provider, delivering nanosecond speeds, global scale, and broad market coverage.”
“Joining forces with Exegy allows us to improve our innovation and customer support capabilities,” said Luc Burgun, Chief Executive Officer of NovaSparks. “Our clients will continue to receive the ultra-low latency performance they rely on, but now with the backing of Exegy’s global presence and services infrastructure.”
“NovaSparks is a highly complementary addition to Exegy’s platform and further strengthens its leadership in high-performance market data and trading technology,” said Hemal Patel, a managing director at Marlin. “The combination enhances Exegy’s ability to serve the most demanding electronic trading environments globally, while continuing to deliver the scale, performance, and reliability its customers expect.”
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with nearly $10 billion in capital commitments specializing in the software, technology and services sectors. Marlin’s mission is to partner with exceptional management teams to drive scale and enhance long-term value in businesses through its deep domain expertise, extensive network and operational transformations focused on product innovation, go-to-market enhancements, and strategic M&A. Founded in 2005, Marlin has completed over 270 acquisitions. The firm is headquartered in Los Angeles, California, with an additional office in London. For more information, please visit www.marlinequity.com.
About Exegy Inc.
Exegy is a global leader in low-latency market data, trading, and execution technology, delivering innovative, end-to-end solutions that power the world’s capital markets. Exegy serves a broad spectrum of market participants, including buy-side and sell-side institutions, trading venues, and independent software and technology providers globally. Exegy’s solutions are fully managed, high-performance, and scalable, powered by purpose-built appliances, FPGA-accelerated systems, advanced enterprise software, and service automation technologies. Headquartered in St. Louis with regional offices across the United States, the United Kingdom, and Asia-Pacific, Exegy maintains a global footprint to deliver resilient infrastructure, operational efficiency, and world-class managed services to its customers. For more information, please visit www.exegy.com.
Contact:
Peter Spasov
(310) 364-0100
pspasov@marlinequity.com