Software maker TrueContext acquired by U.S. private equity firm for $150M

Alvaro Pombo and Philip Deck
Alvaro Pombo and Philip Deck are co-CEOs of Ottawa-based software firm ProntoForms, which changed its name to TrueContext in 2023. Photo by Kristin Small

Ottawa-based software maker TrueContext Corp. is being acquired by U.S. private equity firm Battery Ventures in an all-cash deal valued at $150 million, the companies announced Wednesday. Battery Ventures will pay $1.07 per share for TrueContext (previously known as ProntoForms), a 52 per cent premium over the stock’s weighted average value over the past 60 […]

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