From page making to content automation

109
From page making to content automation

On 12 July 2017, Quark Software based in Denver in the United States announced its acquisition 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.

(Editors note: Quark was for many years the defacto page-ma king software for newspapers and magazines in India. Under owner Fred Ebrahami, who bought the company from founder Tim Gill in 2000, it also made considerable investments near Chandigarh in software development. The Ebrahmi family subsequently sold Quark to Platinum Equity in 2005.)

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 claims it 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 chief executive officer 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.”

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 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.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

It is the right time to support our high-impact reporting and authoritative and technical information with some of the best correspondents in the industry. Readers can power Indian Printer and Publisher’s balanced industry journalism and help sustain us by subscribing.

– Naresh Khanna

Subscribe Now

LEAVE A REPLY

Please enter your comment!
Please enter your name here