TrueContext

Canaccord Genuity Acts as Exclusive Financial Advisor to TrueContext on its Announced C$150 Million Sale to Battery Ventures

Canaccord Genuity is pleased to announce that on May 16, 2024, its client, TrueContext Corporation has completed its previously announced plan with Battery Ventures. Battery has acquired all of the issued and outstanding common shares of TrueContext at a price of C$1.07 in cash per share.

TrueContext, formerly ProntoForms, is a trusted and indispensable partner for field intelligence. The product’s field workflows and data collection capabilities enable enterprise field teams to optimize decision-making, decrease organizational risk, maximize the uptime of valuable assets, and deliver exceptional service experiences. Over 100,000 subscribers use the Company’s product across multiple use cases, including asset inspection, compliance, installation, repair, maintenance, and environmental, health & safety with quantifiable business impacts. 

Battery partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, online marketplaces, healthcare IT and industrial technology. Founded in 1983, the firm backs companies at all stages, ranging from seed and early to growth and buyout, and invests globally.

Canaccord Genuity acted as exclusive financial advisor to the Special Committee of the Board of TrueContext, which was responsible for overseeing the Company's strategic review process.