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Quark Bought by Platinum Equity


August 9, 2011
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Quark today released a letter to its customers stating that it has been purchased by Platinum Equity, a California-based private equity firm. The company had been privately held by the Ebrahimi family since 2000.

“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, in a statement. “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.”

Quark was founded in 1981 by Tim Gill and Mark Pope. Pope left in 1990, selling his shares to the rest of the executives. Fred Ebrahimi joined the company in 1986 as CEO. When Gill departed the company in 2000, he sold his shares to Ebrahimi, placing sole ownership in his hands. Ebrahimi retired in 2006 and passed all of his shares to his children.

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Since its founding in 1995, Platinum Equity has closed over 115 deals worth $30 billion in aggregate revenues at the time of closing.

Platinum Equity has already “initiated a process focused on transitioning Quark to new ownership.”

 A letter from the CEO

Dear Loyal Customer:

I am writing to share some fantastic news with you: Platinum
Equity, a California-based private equity firm, has acquired Quark. This
is a substantial step forward in the evolution of our business and one
that we have been working toward for some time, because we know that it
will provide new benefits to our customers and partners.

This transition comes at an exciting time for our company and
our customers. Since I joined in 2006, we have made great strides in
helping our customers realize dynamic publishing, have re-invigorated
QuarkXPress, and have readied Quark to take an early leadership position
in digital publishing.

As a global investment firm, Platinum Equity is
well-positioned to help us continue to execute our dynamic publishing
vision through their market reach, merger and acquisition experience,
and operational support. Just as importantly, the firm shares Quark’s
commitment to our customers. This is the natural next step in Quark’s
evolution.

On behalf of the entire Quark team, I want to thank you once
again for the relationship we have built and for your continued
confidence in our capabilities. We look forward to earning that trust
each and every day.

Should you have any questions at all, please e-mail us. We hope you’ll share the confidence and excitement that we have for
this new chapter for Quark, our customers, and our partners.

Regards,

Ray Schiavone
Quark President and CEO


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