Thursday, January 23, 2014
The Gores Group Buys Zmags
Los Angeles-based private equity investor The Gores Group announced this morning that it has acquired Zmags Corp., a Boston-based software developer which develops self-service, publishing tools aimed at magazine publishers, catalog publishers, and others. Financial terms of the buy were not disclosed. The Gores Group said it acquired Zmags through its Small Capitalization Partners investment fund. As part of the buy, Gores Group has named Brian T. Rigney as CEO of Zmags. Zmags helps those catalog, magazine, and other publishers convert their media into tablet, mobile, social, and web form. Zmags had been venture backed by NorthCap Partners, OpenView Venture Partners, and Square 1 Bank.