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19 October 2023
Avanquest
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Avanquest completes the disposal of its non-core activities in Europe and accelerates its growth as a provider of SaaS software solutions

Avanquest, Claranova Group’s 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).[1]. 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.

 

[1] See press release dated July 6, 2023

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