Content automation platform developer Quark has acquired Docurated, a US-based developer of document management tools, enabling Rogers Venture Partners, the venture capital affiliate of telecommunications firm Rogers Communications, to exit.
Founded in 2012, Docurated has created tools that help users quickly locate information within files stored in cloud services such as Dropbox and Google Drive. Its corporate customers include Netflix, Amgen, Cox Media, Mindshare and Kaiser Permanente.
Financial details of the purchase have not been disclosed. Docurated will continue to operate and serve its existing customers while Quark will integrate the company’s technology into its own content automation platform.
Docurated had raised approximately $5.4m in venture funding from two rounds, starting with $1.6m in seed funding from undisclosed investors in 2012.
The company subsequently secured $3.8m in a 2014 series A round led by Rogers Venture Partners with participation from undisclosed existing investors.
Alex Gorbansky, chief executive of Docurated, said: “When we started Docurated five years ago, we wanted to bring greater intelligence to how content is created and distributed within sales and marketing.
“I believe our incredible roster of clients speaks to our success in achieving this goal. As part of Quark, we are excited to be able to extend the benefits of Quark’s content automation solutions, deliver even more personalised content and transform the early stages of the content lifecycle.”