Software development firm Spire Digital has a new parent company and CEO.
The Denver-based company, which has an office along Lincoln Street in Capitol Hill, said Friday that it was acquired by London-based Kin + Carta.
“It honestly is the company that we would build if we had the resources and reach … necessary to scale Spire on an international level,” Spire founder Mike Gellman wrote in a post on the company’s website.
“Spire will still retain its personality and all the unique things that make us who we are,” Gellman wrote. “It will have all the positives of a small company with the backing and benefits of a large company.”
Gellman also said he will step down as Spire’s CEO and take the title of executive chairman. Adam Hasemeyer, who has been with Spire for 14 years, will take over as president and CEO.
Marketing news site The Drum reported the deal was valued at $14.8 million, a figure that BusinessDen could not independently verify.
Kin + Carta has offices in Singapore, Buenos Aires, London, Chicago, New York and San Francisco. The firm’s clients include Ford, Nestle, Kraft Heinz Co. and Samsung, according to the Kin + Carta website.
Spire Digital will continue operating under its name for now, said Ayla Peacock, director of digital strategy for Spire.
The 21-year-old Spire will keep its office at 940 Lincoln St., which the company purchased in May 2017 for $1.8 million. At the time of purchase, the company had 40 employees and was expanding the 6,500-square-foot space to 8,500 square feet.