CLARANOVA: management transactions · France · AMF

About CLARANOVA

Claranova SE is a French listed technology group focused on software publishing and digital solutions for both consumers and businesses. Today, the company positions itself as a global SaaS software publisher, with activities concentrated in the Utilities, PDF and Photo segments. Its institutional materials emphasize a highly international profile, with the vast majority of revenue generated outside France and products sold in more than 160 countries. This gives Claranova a distinctly global footprint despite its French corporate base. The group’s history has been defined by a strategic transformation launched in 2015–2016, when Claranova began reshaping itself into a technology leader with global reach. In the following years, it organized its activities around several business units, notably PlanetArt, Avanquest and myDevices, before progressively refocusing on its most profitable and scalable software assets. This shift reflects a broader effort to build a more disciplined, value-driven business model, with a stronger emphasis on recurring revenue, operating leverage and capital efficiency. Operationally, Claranova highlights an integrated value chain that spans product development, customer acquisition, customer relationship management, payment processing and retention. The group also leverages digital marketing capabilities, artificial intelligence and data analytics to optimize campaigns, improve conversion and strengthen customer loyalty. Within this framework, Avanquest is presented as a key engine of the business, supported by a SaaS model that the company says generates around 75% recurring revenue through subscriptions. Claranova’s recent strategic moves have accelerated this repositioning. PlanetArt was sold on June 30, 2025, while myDevices has been treated as a discontinued operation or an asset held for sale. In its Q1 2025-2026 update, the company stated that revenue from the second quarter onward would come exclusively from Avanquest’s core activities, underscoring the completion of its transition toward a pure-play software model. Management also stressed tighter control of marketing spend, with a stronger focus on PDF and on profitability rather than top-line growth alone. From a market perspective, Claranova is a niche software publisher with a broad geographic reach and a relatively concentrated product strategy. The company reported FY 2024-2025 revenue of €118 million and described the year as one of strategic transformation, including significant debt reduction and improved margins. It also announced the transfer of its listing to Euronext Growth Paris effective February 11, 2026, which further illustrates its new market posture. For investors, Claranova represents a French technology name with international exposure, recurring revenues and a continuing operational turnaround story centered on SaaS, profitability and simplification.