Claranova announces today that its Avanquest division has entered into a firm agreement with the German company pdfforge GmbH (“PDF forge”), aimed at acquiring all of its capital (the “Acquisition”) for a total amount of 24, €5 million. Financed in cash, the Acquisition provides for the payment of €19 million upon completion of the transaction, and €5.5 million at the end of the first anniversary of the Acquisition.
Through this new operation, Avanquest is reaffirming its ambition to establish itself as Adobe Acrobat’s benchmark competitor in the PDF management software segment.
Soda PDF, Avanquest’s flagship PDF software, continues to demonstrate its capacity for strong growth, with more than 33% increase in revenue over the first half of the 2021-2022 financial year. Sustained growth thanks to the performance of its customer acquisition campaigns and the strength of its recurring revenue model, which represent 83% of the total revenue of Avanquest’s PDF segment over the last semester.
Downloaded more than 50 million times over the last three years and distributed in more than 180 countries, the PDFCreator software marketed by PDF forge, offers advanced features and options for creating PDF documents for the B2B2 segment.