Indianapolis-based software provider Sigma Micro agreed to acquire the intellectual property of Quark Commerce software from Denver-based Quark.
While terms of the deal were not released, Sigma Micro will acquire the application code and supporting documentation, hire key product personnel, and support the current users of Quark Commerce. The agreement, subject to closing conditions, will be completed in July. With the completion of the acquisition, Sigma Micro will have development groups in both North and South India.
Before the Quark deal, Sigma Micro was embarking on a near three year project to rewrite the code of its core order management system, the Controller +, to make it more adaptable with the current technology. As such, Sigma Micro had stopped making Controller+ available to new customers.
Quark Commerce, now known as the Sigma Commerce Suite, will help customers manage the flow of information such as orders, inventory and shipments between platforms and databases. The suite is built on a Microsoft platform and will leverage the .NET work that Sigma Micro has already completed. The company will begin selling the application in the third quarter after some minor changes to the product.
Denver-based Quark’s sale of Quark Commerce is part of an ongoing initiative to focus on its core design, page layout and publishing software business.