Avanquest aims for a capital increase of 5.9 million euros

by bold-lichterman

The software publisher Avanquest is launching a capital increase of 5.9 million euros on Thursday, with maintenance of shareholders’ preferential subscription rights, at a price of 1 euro per share.

In recent months, the Avanquest group has undertaken an in-depth refocusing on two high-potential markets: personalized digital creation and the management of connected objects. The capital increase will enable Avanquest to speed up the implementation of this strategy, in particular by strengthening the resources allocated to R&D and marketing actions ”explains the company.

Founded in 1984 by Bruno Vanryb and Roger Politis, the group has set itself the objective of reaching 150 million euros in turnover by 2016-2017. In the first half of 2014, the company posted a turnover of 54.3 million euros.

Photo credit: Fotolia, royalty-free stock images, vectors and videos