Wednesday, 22 March 2017 01:40

Sweden’s Favro, Hansoft go separate ways

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Sweden’s Favro, Hansoft go separate ways Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Swedish cloud-based planning and collaboration app company Favro is separating from partner company and project software management firm Hansoft.

Favro says the separation will accelerate its growth strategy and enhance its competitive posture in the market.

Favro is used by game developers, creative agencies, “grown-up” startups, large enterprises, and professional business services firms to empower autonomous teams, and give tools to their managers to align the organisation towards company goals.

“Favro was launched last year. After the November release of the enterprise plan, customer growth had really started to take off. Favro can now stand on its own feet, which is why we’ve decided to spin out. We have done several recruitments and plan to accelerate further,” said Patric Palm, chief executive and co-founder of Favro and Hansoft.

“Whereas Favro is a start-up in the cloud collaboration space, the Hansoft business has been a market leader for more than a decade with its on-premise platform for software and hardware development.”

According to Palm, the Hansoft A3 platform for large-scale agile software and hardware product development will be stronger as a separate business and “the company will be able to put more resources to growing in aerospace, defence, Internet of Things, and the Asian market where we just got started".

“We are now also recruiting more developers to our Ukraine Hansoft team,” Palm concluded.

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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