Platinum Equity Acquires Quark Software
Quark Software provides publishing software for professional designers, small and mid-sized businesses, and large organizations.
Platinum Equity has announced its acquisition of Quark, a provider of publishing software for professional designers and enterprise organizations. Platinum Equity has already initiated a process focused on transitioning Quark to new ownership, says Brian Wall, partner at Platinum who led the team pursuing the acquisition.
“Quark is committed to its loyal and dedicated user base and we are enthusiastic about the company’s new products which are gaining traction and generating positive reviews. We believe that with their expertise and innovative software, Quark has the potential to revolutionize publishing again,” says Wall.
The Platinum operations team is working together with the Quark management team to focus on Quark’s core markets and create an acquisition strategy focused on expanding the breadth and depth of Quark’s product capabilities and geographic coverage.
“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 at 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.”