Tuesday, August 9, 2011

Platinum Equity Buys Quark, Eyes Acquisitions

Los Angeles-based private equity firm Platinum Equity has acquired Quark, the developer of page layout software, according to the firm this morning. Platinum did not disclose financial details of the buy, however, said that it is looking to expand Quark's product breadth and depth, plus create an acquisition strategy. Quark's software is used by publishers to help lay out the design of their pages; publish data in XML; automating publishing of page layout, and more. The software now also works with publishing information to e-reader, tablet, and mobile devices. The acquisition of Quark was leds by Platinum partner Brian Wall.

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