TrueContext - Ownership and Business Overview

Information TechnologyCompany

TrueContext Ownership

Who owns TrueContext?

TrueContext is owned by Battery Ventures. It was acquired on March 13, 2024.

Is TrueContext PE-backed?

Yes. TrueContext is owned by private equity investor Battery Ventures.

TrueContext Business Overview

Where is TrueContext headquartered?

TrueContext is headquartered in Kanata, Ontario.

What is TrueContext’s revenue?

TrueContext disclosed revenue of 21M USD for 2022 and 19M USD for 2021.

What sector is TrueContext in?

TrueContext is an information technology company.

When was TrueContext founded?

TrueContext was founded in 2001.

Information Technology M&A Summary in 2024

Out of 60 sectors in the Mergr database, information technology ranked 2 in number of deals in 2024. The largest information technology acquisition in 2024 was HashiCorp - which was acquired by International Business Machines for $6.4B.

Join Mergr to view all 269 acquisitions of information technology companies in 2024, including 15 acquisitions by private equity firms, and 254 by strategics.

TrueContext

TrueContext Corp.

2500 Solandt Road, Suite 250,
Kanata, Ontario K2K 3G5
Canada,
(613) 599-8288
www.truecontext.com

TrueContext researches, develops, and markets mobile business solutions for enterprises to automate field sales, field service, and other field data collection business processes. It offers ProntoForms mobile workflow management app solution that enables remote workers to collect data on a mobile device; access company data in the field; and automatically share the results with back-office systems, cloud services, and people, as well as companies to track, analyze, and enhance processes. TrueContext was founded in 2001 and is based in Kanata, Ontario.


Company Summary

SECTOR

Information Technology

Revenue

21   11% 2022
19   6% 2021
18   2020
(millions of USD)

Established

2001

Former Name

ProntoForms Corp.

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