Wednesday, May 30, 2012
Platinum Equity's Quark Buys Mobile Publishing Firm
A firm owned by Los Angeles private equity firm Platinum Equity, desktop publishing tools maker Quark, has acquired a UK-based firm developing cloud-based, tablet and mobile publishing software. Quark, which was acquired by Platinum Equity in August of 2011, said it has acquired Mobile IQ, the maker of the Pressrun cloud based, mobile publishing tool. Pressrun is used by publishers to create and publish tablet magazines, newspapers, catalogs, and other publications. Financial terms of the acquisition were not disclosed.