Quark Software, best known for its QuarkXPress page layout software, has been acquired by Parallax Capital Partners LLC, a private equity firm based in California and specialising in software. Parallax will invest further in Quark to drive up adoption for its content automation solutions.
Quark has developed an extremely flexible multichannel approach to publishing content in print and on mobile and web platforms. This has helped give new life to QuarkXPress but Quark also sells content solutions to a wide range of industries.
Ray Schiavone, Quark’s CEO commented: “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.”
Parallax has formed in January 1999 and has since acquired over 20 companies focussed around application software and related services. It concentrates on companies with revenues between $5 and $100 million where it sees the opportunity to add value. It often takes an active role in a company’s management. James Hale, managing partner at Parallax, said of Quark: “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.”