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Aug 9, 2011 12:00 AM
Platinum Equity, a global firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, has acquired Quark. Financial terms of the transaction were not disclosed.
“Quark is a legendary brand that helped create the desktop publishing market and is now helping organizations transform how they publish content both to print and digital media,” says Brian Wall, partner at Platinum who led the team pursuing the acquisition. “We believe that Quark has the potential to revolutionize publishing again.”
Quark provides a set of software applications targeted at creative professionals and the enterprise dynamic publishing market. These tools are components in a value chain of software products that enable the creation, management, publication, and delivery of content across a variety of media including print, e-mail, web, social media, and the next generation of e-reader, tablet, and mobile devices such as the iPad.
“This transition comes at an exciting time for our company and our customers. In the past few years we have made great strides in helping our customers realize dynamic publishing, have re-invigorated QuarkXPress, and have readied Quark to take an early leadership position in digital publishing,” says Raymond Schiavone, president and CEO, Quark. “Platinum Equity is well-positioned to help us continue to execute our dynamic publishing vision through their market reach, merger and acquisition experience, and operational support. This is the natural next step for Quark’s evolution.”