Tag: Avantquest – The Dead Pixels Society

Claranova enters into exclusive discussions for potential sale of its PlanetArt Division

March 3, 2025March 3, 2025 GaryPageau Avantquest, Claranova, PlanetArt0 comment

Claranova announced the company has entered into exclusive discussions with General Atlantic Credit’s Atlantic Park fund and the management team of PlanetArt for the potential sale of its PlanetArt division. This potential transaction would value the division at approximately $160 million US on a cash-free, debt-free basis (or approximately US $180 million of equity value, including excess cash and intercompany... Read More

Earnings reports

Claranova reports third-quarter revenue growth

May 8, 2024May 15, 2024 GaryPageau Avantquest, Claranova, PlanetArt

PlanetArt parent company Claranova reported a nine-month turnover in 2023-2024 of €395 million. “Claranova continues its recovery, with turnover increasing by +2% in the third quarter,” said Eric Gareau, Managing Director of Claranova. “This growth dynamic is driven by both a robust performance from Avanquest and myDevices, while PlanetArt continues to improve the effectiveness of its marketing investments. The efforts... Read More

News People on the Move

Eric Gareau appointed CEO of Claranova

April 16, 2024April 19, 2024 GaryPageau Avantquest, Claranova, PlanetArt

PlanetArt parent Claranova, a leading global technology company, announces the appointment of Eric Gareau as CEO, effective immediately. Gareau succeeds Pierre Cesarini, who is leaving the company. Gareau has been Chief Executive Officer of Avanquest, Claranova’s software publishing and distribution division, since 2021. He successfully led Avanquest’s transition to a subscription sales business model, making the company the main contributor... Read More