Project management software company Hansoft has spun-off its collaborative planning app Favro to become its own entity.
Favro hopes to accelerate its own growth now that it is separate from its parent company, though it will still receive support from Hansoft as it starts to grow.
The app allows development teams to put notes on digital noteboards along with features to track times and dates on each task. It is currently used by big name developers and other tech companies such as Unity.
Starting to take off
"Favro was launched last year. After the November release of the enterprise plan, customer growth had really started to take off," said Patric Palm, CEO of Favro.
"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."
Favro was launched in March 2016 to aid agile development. You can find out all about its features in a guest post from the company from November 2016.