RALEIGH, NC, Oct. 11, 2022 (GLOBE NEWSWIRE) — ImageQuix (or the “Company”), a leading provider of workflow and e-commerce software for the high-volume photographic industry, is pleased to announce that the Charlesbank Technology Opportunities Fund, one of Fund managed by Charlesbank Capital Partners (“Charlesbank”), has made a majority investment in the Company. Charlesbank is an experienced middle market private investment firm based in Boston and New York. ImageQuix CEO Alex Kovacevic and management remain shareholders alongside Charlesbank. The financing will help ImageQuix accelerate the expansion of its business both organically and through mergers and acquisitions.
ImageQuix primarily serves schools for their annual photo days, sports photos and senior portraits. It digitizes the photographer’s end-to-end workflow, including photo capture and organization, customization and packaging, as well as follow-up marketing, payment and integration with fulfillment partners.
With its unique integration of workflow management and e-commerce capabilities, ImageQuix has pioneered technological adoption in this space during the pandemic as photo studios transitioned to a fully online workflow. The company has gained market share with its sophisticated functionality and ability to improve the consumer experience and offer a better range of products at the best prices.
“With ASG as our standout partner since 2018, we have experienced impressive growth both organically and through strategic M&A,” said Alex Kovacevic, CEO of ImageQuix. “By expanding our product offering and our great team, we are now a market-leading provider of high-volume photo software. We are grateful for the partnership with ASG and look forward to writing our next growth chapter with Charlesbank. Their strategic expertise and experience scaling enterprise software companies like ours will be critical as we deliver on our promise of helping photo studios of all sizes grow their…
