After being included in the top 10 in 2019, Claranova confirms its status as a technology leader by moving up to 5th place in this year’s Truffle 100 ranking of France’s most important independent software vendors (ISVs). By gaining two places this year, Claranova registered the most important increase in the top 10 of the sector’s leading companies.
Created by the private equity firm, Truffle Capital, and the research and consulting firm, Teknowlogy, the Truffle 100 is the de facto benchmark for the French software publishing industry, promoting the sector’s vitality, job and value creation and innovation.
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With revenue for FY 2019-2020 of €409 million, up from €262 million in the prior period, Claranova is gaining ground on the sector’s long-standing market leaders like Cegid, Murex, Sopra Steria, and Dassault Système, illustrating the significant growth potential of its businesses, most of which were launched just five years ago. Claranova in addition stands in this ranking as the only company in the top hundred focused on the B2C1 segment. With tens of millions of users in more than 15 countries (95% of revenue from outside France), and a highly diversified business mix, Claranova’s development reflects a global approach to the world of technology which is a major source of resilience for a sector in constant transformation.
Within an overall French market that grew 4.3% in 2020 (with sales lower for one third of the companies in the top 100), Claranova achieved growth of 56%, including 22% at constant consolidation scope for FY 2019-2020. This performance was renewed in the first nine months of FY 2020-2021, with €373 million in revenue (+28%), and is expected to continue in the years ahead with Claranova targeting annual revenue of €700 million and an EBITDA margin of 10%2 for 2023.
