Avanquest, the software publishing division of Claranova, launches SignPDF®, a new digital signature solution

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PARIS–(COMMERCIAL THREAD) – Regulatory news:

Avanquest, the Software Publishing division of Claranova (Paris: CLA), invests in the development of a simple and multiplatform stand-alone digital signature solution for professionals, targeting freelancers and small and medium-sized businesses with the launch of SignPDF® Solution . This new digital signature solution is the result of five years of development undertaken by the Avanquest R&D teams.

With the launch of SignPDF®, Avanquest confirms its desire to establish itself as Adobe’s number one competitor in PDF software solutions, a rapidly growing segment for the division with sales up more than 35% over the last 12 month1. A sustained growth trajectory with still significant potential based on:

  • More than 60 million visitors to Avanquest websites dedicated to PDF tools

  • Over 650,000 monthly active users

  • Over 90% of subscription sales

  • Renewal rate greater than 50%2

  • Sales growth for VSEs and SMEs of more than 25% over the last 12 months

The successful transition to a subscription sales model and the continuous improvement of the operating margin allow Avanquest to expand its portfolio of PDF solutions and accelerate its marketing investments to acquire new customers and further develop its installed base. The division will launch this new stand-alone digital signature solution to compete with players such as DocuSign, HelloSign and Yousign with one of the most comprehensive PDF tools on the market.

According to a recent study by Fortune Business Insights3, the electronic signature market is expected to grow nearly 30% per year between 2020 and 2027 to reach around $ 8 billion in 2027. The US market is expected to capture the largest share of the market while the European market is expected to drive growth In the years to come.

Small and medium-sized enterprises have so far only complex and expensive professional solutions to choose from, Avanquest aims to better serve this high-potential clientele by offering an easy-to-use, multiplatform (web and mobile) and intuitive tool, making it easier to integrate electronic signatures into their daily tasks. SignPDF® will position itself in the electronic signature market as the simple, flexible and affordable alternative for freelancers and small and medium-sized businesses.

The commercial launch of the SignPDF solution is scheduled for July on the US market and September on the European market.

Financial calendar

August 4, 2021: Revenue for fiscal year 2020-2021

About Claranova:

Claranova is a global technology company, hosting digital services that are popular with millions of users around the world. With an annual turnover of 409 million euros and an average annual growth of over 45% over the last three years, Claranova has proven its ability to turn a simple idea into a worldwide success in just a few years. Present in 15 countries and relying on the technological expertise of its 700 employees in North America and Europe, Claranova is an international group of which 95% of its turnover is generated outside its country of origin.

A leader in personalized e-commerce, Claranova also stands out for its technological expertise in software publishing and the Internet of Things, through its PlanetArt, Avanquest and myDevices activities. These three areas of activity share a common vision: to enable everyone to innovate through simple and intuitive digital solutions that facilitate daily access to the best of technology.

For more information on the Claranova group:

https://www.claranova.com Where https://twitter.com/claranova_group

CODES

Teleprinter: CLA

IS IN :FR0013426004

www.claranova.com

Disclaimer:

All statements other than statements of historical fact included in this press release regarding future events are subject (i) to change without notice and (ii) to factors beyond the control of the Company. Forward-looking statements are subject to inherent risks and uncertainties beyond the control of the Company which could cause actual results or performance of the Company to differ materially from the expected results or performance expressed or implied by such forward-looking statements.


1 Based on the evolution of unaudited and non-IFRS revenues.

2 Rate corresponding to the percentage of customers renewing their subscription the year following their first subscription.

3 Fortune Business Insights, “Digital Signature Market to Reach $ 7.99 Billion by 2027,” October 2020.


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