Battery Ventures Acquires TrueContext for C$150 Million
May 17, 2024
Battery Ventures has completed a take-private acquisition of Canadian field-service workflow software company TrueContext (formerly ProntoForms) for C$150 million (C$1.07 per share), resulting in TrueContext's delisting from the TSX Venture Exchange. TrueContext, headquartered in Kanata/Ottawa, provides a mobile SaaS platform for field data collection and workflow automation used by enterprise customers across healthcare, oil & gas, and industrial equipment markets; Battery intends to accelerate product development and scale the business organically and via targeted acquisitions.
- Buyers
- Battery Ventures
- Targets
- TrueContext (formerly ProntoForms)
- Industry
- Software
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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