Technology businesses are not for the faint of heart. Platforms change. Protocols change. Consumer behavior changes. And keeping pace with those changes is what makes good companies great.
Avanquest has risen to this challenge time and again, most recently completing a successful multi-year transition to a new online business model without sacrificing any appreciable revenue. In fact, our revenue has remained steady at around €100 million for several years.
And now Avanquest has embarked on yet another new cycle of value creation in a constantly evolving digital marketplace.
Since my arrival as Chief Executive Officer in June 2013, I have led our management team in focusing efforts on engaging strategic changes that will enable us to return to a path of growth and sustainable performance. Our ambition is to achieve revenues of between €140 million and €150 million for Fiscal Year 2016-2017. Towards this end, we are:
As part of this strategy the group has identified its future growth drivers in two high-growth markets: Personal Digital Creation and Connected Device Management. To support this new strategy a new organization has been devised across the entire Avanquest Group, as well as a thorough reallocation of resources towards these two markets.
We have solid competitive advantages with which we are undertaking the writing of a brand new chapter in our history. Many opportunities exist in our industry; with this new strategy Avanquest has returned to its role as a pioneer of innovation.