Claranova: pdfforge GmbH becomes a division of Avanquest Software SAS
July 04 2022 - 2:03AM
Business Wire
Regulatory News: Claranova (Paris:CLA)
Claranova announces the closing of its acquisition of the German
software publisher, PDF forge, in accordance with the terms of the
agreement of April 2022. The addition of PDF forge, operating on
both B2C and B2B segments1, will expand the Avanquest division's
offering of PDF solutions for businesses and accelerate the growth
of its recurring revenues. With 85% of sales in the form of
subscriptions, PDF forge products’ considerable popularity among
users is supported by a renewal rate of over 80%.
Commercial synergies and team integration will be facilitated by
a historical partnership between the two companies of more than 10
years. In this way, combining the quality of PDF forge's products
with Avanquest's expertise in digital marketing, will further
bolster the software division’s current momentum of strong revenue
growth and profitability. With this acquisition, Avanquest
reaffirms its ambition to establish itself as the key competitor of
Adobe Acrobat in the PDF management software segment.
This acquisition was financed by funding2 provided by new
partners3, allowing the Group to broaden its banking pool and
diversify its sources of financing.
Pierre Cesarini, Chairman-CEO of Claranova group, commented:
"Our PDF tools have experienced growing success since our
transformation to SaaS business model with growth of more than 20%
and profitability also of more than 20% on this product line. This
operation significantly strengthens the positioning of our software
division in the PDF segment and opens up new development prospects,
particularly in the B2B field.”
Financial calendar: August 5, 2022: FY
2021-2022 revenue.
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.
With average annual growth of more than 40% over the last three
years and revenue of €472 million in FY 2020-2021, 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 nearly 800 employees across North
America and Europe, Claranova is a truly international company,
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 a leader in personalized e-commerce, 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 Business to Consumer and Business-to-Business 2 €30 million in
bank financing, including €24.5m the PDF forge acquisition; a €15m
6-year amortizing loan with variable annual interest initially set
at 2.1%); a €5m 6-year bullet loan with fixed annual interest of
4.5%; 5-year loans for €10m to Avanquest Software SAS with fixed
annual interest of 2%. 3 Landesbank Saar, Caisse d'Epargne
Ile-de-France, BPI France, Banque Populaire Grand Est and the asset
management company, Delta AM
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ANALYSTS - INVESTORS +33 1 41 27 19 74
ir@claranova.com
FINANCIAL COMMUNICATION +33 1 75 77 54 68
ir@claranova.com www.claranova.com
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