Claranova SA (PA:AVQ) is a group consisting of three businesses focused on mobile and internet technologies with high growth potential. After a long period of restructuring and refocusing the business, the group is demonstrating strong revenue growth and improving profitability. Claranova also has ample funds to make targeted acquisitions to supplement organic growth.
Group strategy: Invest in high-growth digital businesses
After several years of restructuring and refocusing the company, Claranova is now a group composed of three standalone businesses. PlanetArt is a high growth digital photo printing business moving into profitability, with growth from new product launches and international expansion. Avanquest is a consumer software retailer and, via recent acquisitions, is looking to shift its focus from one-off software sales to leverage website traffic. myDevices, an Internet of Things (IoT) platform, provides a simple and effective way for SMEs to deploy IoT applications. This is an early-stage business but it has already signed several key agreements with mobile operators. A high degree of outsourcing reduces capital requirements and provides flexibility for the company to respond to market opportunities in each division.
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