Platinum Equity Acquires Quark
LOS ANGELES—Platinum Equity has acquired Quark, a Denver-based provider of publishing software for professional designers and enterprise organizations. 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,” said 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.”
Wall added that Platinum Equity has already initiated a process focused on transitioning Quark to new ownership. Its 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.