Quark bought by p/e

Quark bought by p/e
New owners will invest to accelerate software adoption of fallen giant

Quark Software has been acquired by Parallax Capital Partners, (Parallax), a Californian software-focused private equity firm, in a move which the new owners say will accelerate the adoption of Quark’s software.

Quark was once the de facto standard for print, but was brushed aside when the Adobe juggernaut made its entrance into the market.

James Hale, managing partner, Parallax says, “Quark is having a transformational impact within a wide range of industries, completely redefining how organisations create, manage, publish and deliver business-critical content.

“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.”

Quark now has a new distributor in Australia, which says Adobe’s subscription model is pushing customers back towards Quark’s less expensive one-time fee, and optional upgrades.

Recently selected as a Gartner Cool Vendor in Content Services and a 2017 Award finalist for Best Multi-Channel Publishing Platform, Quark says it has emerged as a global leader in content automation.

Quark says its content automation solutions enable organisations to deliver business-critical content to any format and any channel – mobile, print and web.

Ray Schiavone, CEO and president, Quark, says “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 organisations 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 organisations to realize the true value of their content.”

Source: Australian Printer

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