Quark Software acquired by Parallax Capital Partners to support accelerated growth

Wednesday July 12, 2017 0 comments Tags: Denver, Quark Software, Parallax Capital Partners, James Hale , Ray Schiavone

 

DENVER -- Quark Software Inc. today announced it has been acquired by Parallax Capital Partners, LLC (Parallax), a Southern California-based software-focused private equity firm.quark-logo

Financial terms of the acquisition were not disclosed.

Parallax said it intends to help Quark accelerate 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 emerged as a global leader in content automation.

Quark said its content automation solutions enable organizations to deliver business-critical content to any format and any channel -- mobile, print, Web, and more.

“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, Parallax managing partner.

“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 Ray Schiavone, Quark president and CEO.

“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.”

Piper Jaffray, a leading investment bank and asset management firm, served as the exclusive financial advisor to Quark in the transaction.