(Boursier.com) — Avanquest, the group’s software publishing subsidiary Claranovahas finalized the sale of its non-strategic activities in Europe in the areas of paper distribution and architectural software (mainly marketed under the Architect 3D brand).
This step marks an important transition for the division, which is now focusing all its efforts on its high value-added SaaS solutions.
Paper distribution, marketed under the Micro Application brand, was sold to a company newly created by two former employees. They will take over all assets linked to this activity. Likewise, the software activity dedicated to “HomeDesign” was sold to the company Encore Software LLC, a long-time partner of Avanquest specializing in the publishing of software for the general public.
This operation is part of the continuation of Avanquest’s transformation as a SaaS publisher around its proprietary brands in PDF with SODA PDF, Security with Adaware solutions and Photo under the InPixio brand.
Avanquest actively invests in the technological development of its proprietary solutions with numerous innovations, particularly in Artificial Intelligence (AI). It is also working on the deployment of all its solutions both online and on PC/Desktop and mobile platforms. With its strong presence in the BtoC (Business to consumer) sector, Avanquest also wishes to address the growing BtoB (Business to Business) market by integrating new functionalities into its solutions.
As of now, Avanquest is recording significant revenue growth in its three key sectors, with an increase of more than 23% since the start of the calendar year compared to the same period last year. This positive dynamic is accompanied by a significant improvement in margins, reinforced by the recent sale of non-strategic activities. Avanquest thus benefits from solid assets and promising growth prospects for the years to come…
On the stock market, Claranova fell 1.1% to 1.42 euros, while Portzamparc believes that this sale project is “logical and expected”. Enough to concentrate on its “core business” activities with sustained and recurring growth (SaaS, subscriptions), as well as a high level of profitability.
The sale was undoubtedly carried out at a low price, but the performance of the division will improve… Enough to remain a purchase on the file.
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