ImageQuix announced Charlesbank Technology Opportunities Fund 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 will remain shareholders alongside Charlesbank. The funding will assist ImageQuix in accelerating the expansion of its business both organically and through M&A.
“With ASG as our outstanding partner since 2018, we have seen impressive growth both organically and with strategic M&A,” said Kovacevic. “By building out the product offering and our amazing team, we are now a market-leading provider of high-volume photography software. We are thankful for ASG’s partnership, and we’re thrilled to be writing our next chapter of growth with Charlesbank. Their strategic expertise and experience scaling enterprise software companies like ours will be critical as we continue to deliver on our promise to help photo studios of all sizes grow their businesses and provide outstanding pictures to their customers.”