Claranova Group: Avanquest Completes the Disposal of Its Non-core Activities in Europe and Accelerates Its Growth as a Provider of SaaS software solutions1
19 Outubro 2023 - 1:00PM
Business Wire
Regulatory News:
Avanquest, Claranova Group's (Paris:CLA) software publishing
subsidiary, announces the completion of the sale of its non-core
activities in Europe in the paper distribution and architectural
software sectors (marketed mainly under the Architect 3D brand).2.
This marks an important milestone in the division's transformation
which is now fully focused on its high-value-added SaaS
solutions.
The paper distribution business, marketed under the Micro
Application brand, was sold to a new company created by two former
employees, who will acquire all corresponding assets. As for the
HomeDesign software business, it was sold to the company Encore
Software LLC, a long-standing partner of Avanquest specializing in
consumer software.
These divestments were carried out as part of Avanquest's
ongoing transformation into a provider of SaaS solutions built
around its portfolio of proprietary brands in the PDF (with SODA
PDF), Security solutions (with
Adaware) and Photography (under the InPixio brand) segments.
Avanquest is actively investing in the technological development
of its proprietary solutions involving numerous innovations,
particularly in Artificial Intelligence (AI). It is also in the
process of deploying its complete range of solutions, both online
and on desktop and mobile platforms. Building on its strong
presence in the BtoC (Business to Consumer) sector, Avanquest also
intends to address the BtoB (Business to Business) market by
integrating new functionalities to enhance its solutions.
Avanquest has already generated significant growth in revenue in
all three of its key sectors of more than 23%3 since the beginning
of the calendar year, compared with the same period last year. This
positive momentum has been accompanied by a significant improvement
in margins only strengthened by the recent disposal of non-core
businesses. As a result, Avanquest now benefits from a solid asset
base and promising growth prospects for the years ahead.
Financial calendar: November 8, 2023: Q1
2023-2024 revenue: November 29, 2023: Combined Ordinary and
Extraordinary Annual General Meeting
Telephone number for individual shareholders
available from Tuesday to Thursday between 2 p.m. and 4 p.m. for
calls within France: 0805 29 10 00 (local rate).
About Claranova:
As a diversified global technology company, Claranova manages
and coordinates a portfolio of majority interests in digital
companies with strong growth potential. Supported by a team
combining several decades of experience in the world of technology,
Claranova has acquired a unique know-how in successfully turning
around, creating and developing innovative companies.
Claranova has proven its capacity to turn a simple idea into a
worldwide success in just a few short years. Present in 15
countries and leveraging the technology expertise of its 800+
employees across North America and Europe, Claranova is a truly
international group, with 95% of its revenue derived from
international markets.
Claranova’s portfolio of companies is organized into three
unique technology platforms operating in all major digital sectors.
As an e-commerce leader in personalized objects, Claranova also
stands out for its technological expertise in software publishing
and the Internet of Things, through its businesses PlanetArt,
Avanquest and myDevices. These three technology platforms share a
common vision: empowering people through innovation by providing
simple and intuitive digital solutions that facilitate everyday
access to the very best of technology.
For more information on Claranova group:
https://www.claranova.com or
https://twitter.com/claranova_group
Disclaimer:
All statements other than statements of historical fact included
in this press release about future events are subject to (i) change
without notice and (ii) factors beyond the Company’s control.
Forward-looking statements are subject to inherent risks and
uncertainties beyond the Company’s control that could cause the
Company’s actual results or performance to be materially different
from the expected results or performance expressed or implied by
such forward-looking statements.
1 Software as a Service 2 See press release dated July 6, 2023 3
Unaudited figure - Cumulative revenue growth for the 3 segments
(PDF, Photo and Security) over the period January to September
2023
CODES Ticker : CLA ISIN : FR0013426004
www.claranova.com
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version on businesswire.com: https://www.businesswire.com/news/home/20231019585860/en/
ANALYSTS - INVESTORS +33 1 41 27 19 74
ir@claranova.com
FINANCIAL COMMUNICATION +33 1 75 77 54 68
ir@claranova.com
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