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.
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.