Quark Acquired by Parallax Capital Partners to Support Accelerated Growth
(Thomson Reuters ONE) -
Denver, CO, July 12, 2017 (GLOBE NEWSWIRE) -- Quark Software Inc. announced
today that it 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 transformational content
automation solutions through investment in organic growth and acquisitions.
Recently selected as a Gartner Cool Vendor in Content Services and a 2017 SIIA
CODiE Award finalist for Best Multi-Channel Publishing Platform, Quark has
quickly emerged as a global leader in content automation. Quark's content
automation solutions enable organizations to deliver business-critical content
to any format and any channel - mobile, print, Web, and more. At the same time
Quark has reinvigorated its QuarkXPress software business, consistently putting
customers first and out-innovating its competitors.
"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."
To discover more about Quark's content automation solutions, visit
www.quark.com.
Quark customers with questions about the acquisition can email pr(at)quark.com.
Piper Jaffray, a leading investment bank and asset management firm, served as
the exclusive financial advisor to Quark in this transaction.
About Parallax Capital Partners
Parallax Capital Partners, LLC (parallaxcap.com), is a private equity firm
focused on acquiring and operating application software and related services
companies. Since 1999, Parallax has acquired over 20 companies and has built an
exceptional track record of transitioning divisions, subsidiaries and product
lines into successful stand-alone entities. For more information,
visit www.parallaxcap.com.
About Quark Software Inc.
Quark Software Inc. develops a content automation platform that helps large
organizations streamline the creation, management, publishing and delivery of
business-critical content. Our solutions automate the process with reusable
Smart Content components that can be dynamically assembled and delivered with
precision in any format and to any channel - web, tablet, mobile, print, and
more. As a result, leaders in industries such as finance, manufacturing, energy,
and government can reduce costs, save time, improve consistency and make their
content brilliant.
# # #
Quark and the Quark logo are trademarks or registered trademarks of Quark
Software Inc. and its affiliates in the U.S. and/or other countries.
Attachments:
A photo accompanying this announcement is available
at http://www.globenewswire.com/NewsRoom/AttachmentNg/5a192572-4967-4ed1-b9cf-
e9ac1accd267
Sarah Rector
Quark Software Inc.
303-894-3753
srector(at)quark.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Quark Software Inc. via GlobeNewswire
Datum: 12.07.2017 - 14:00 Uhr
Sprache: Deutsch
News-ID 552082
Anzahl Zeichen: 4541
contact information:
Town:
Denver
Kategorie:
Business News
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"Quark Acquired by Parallax Capital Partners to Support Accelerated Growth"
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