Quark Software Inc has been acquired by Parallax Capital Partners, LLC (Parallax), a Southern California-based software-focused private equity firm. The new owners intend to help Quark accelerate the adoption of its content automation solutions through investment in organic growth and acquisitions.
Recently selected as a Gartner Cool Vendor in Content Services, Quark has emerged as a global leader in content automation. Its content automation solutions enable organisations to deliver content to any format and any channel. At the same time, Quark has reinvigorated its QuarkXPress software business.
“Quark is having a transformational impact within a wide range of industries, completely redefining how organizations create, manage, publish and deliver business-critical content,” said James Hale, Managing Partner at Parallax. “This is a company with outstanding talent and leadership, innovative technology and acclaimed customer base. Parallax is looking forward to bringing its experience and expertise to help Quark take its enterprise content automation business to the next level.”
“I couldn’t be more proud of our employees and customers in reaching this milestone,” said Quark President and CEO Ray Schiavone. “Quark has achieved what so many established brands fail to, which is to reinvent our company in the face of insurmountable odds. Through content automation, today Quark enables some of the world’s largest organizations to transform customer experience, reduce time-to-market, improve compliance, and reduce costs. In Parallax, we believe we have a partner that shares this vision for organizations to realize the true value of their content.”
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