Claranova - Raising growth targets
Claranova’s FY19 results confirmed strong organic revenue growth and margin expansion boosted by the inclusion of the high-growth, high-margin internet acquisitions. The recent acquisition of Personal Creations in the US opens up a new addressable market for the Mobile business and has prompted the company to raise its four-year revenue target. The company is well funded to continue to invest in the business, whether internally or via acquisition.Avanquest Software and its subsidiaries are engaged in manufacturing and distributing of communication software. Co. markets its communication software through Original Equipment Manufacturer (OEM) agreements signed with international modem, computer and cellular phone vendors. Co. also sells its communication software "in shops" through a network of Resellers and, currently, on its Web sites. In addition to the software, Co. provides customers with the software medium (floppy disks or CD-ROM), and an electronics User Guide and online help, included with the product. Co.'s Customer Service department can also provide clients with technical assistance for its products.
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