Company:ProntoForms

From HandWiki
ProntoForms Corporation
TypePublic
TSXV: PFM
FoundedOttawa, Canada 2001 (2001)
FounderAlvaro Pombo (CEO)
Headquarters
Ottawa
,
Canada
ProductsEnterprise mobile software
Websitewww.prontoforms.com

ProntoForms (TSXV: PFM) is a Canadian software and mobile app developer whose eponymous app provides users with mobile forms for use largely in small and medium businesses and enterprise management.[1][2][3] The application allows workers in the field to send data, forms, and other information to management personnel, back office systems, and analytics tools.[4][5] The company went public in 2005[6] and trades on the TSX Venture Exchange under the stock ticker symbol, PFM.[7] In 2015, Frost & Sullivan honored ProntoForms with the "North American Mobile Forms Competitive Strategy Innovation and Leadership" Award.[8]

History

ProntoForms was founded in 2001 in Ottawa, Canada as TrueContext Mobile Solutions by Alvaro Pombo (who is also the company's CEO). Pombo had immigrated to Canada from Colombia to work in the oil industry. He then worked for Palm before starting TrueContext.[1] In 2002, the company received $5.4 million in seed funding from Skypoint Capital and Venture Coaches.[9] The company went public on September 15, 2005 and began trading on the TSX Venture Exchange under the stock ticker symbol, PFM.[6] One month later, TrueContext raised $7.6 million in Series B funding from Skypoint Capital and Jefferson Partners.[10]

In 2007, the company launched their Pronto app in the United States. At the time, the app was available for BlackBerry and Windows Mobile devices.[11] The app would later be made available for Android and iOS devices.[12][13] By 2011, clients who had used the ProntoForms software included, Louisiana's St. John the Baptist Parish School Board, Promarket, and Amaco Equipment.[14] The firm also entered into a strategic partnership with AT&T that made the telecommunications company a distributor of the ProntoForms software. TrueContext had around 1,800 business clients by the end of 2012.[12][15] Other strategic partnerships that ProntoForms has formed include those with Nextel, Rogers, and Bell.[16]

In 2013, the company officially changed its name to ProntoForms while also selling off several patents.[17][18] In 2014, the company raised $1 million in funding through private placement.[19] By the end of 2014, the company had around 2,500 business clients.[16] In 2015, ProntoForms established a partnership with Apple, allowing the latter company to distribute the ProntoForms technology.[20] In September 2015, the company raised an additional $3 million through private placement.[21]

Products

ProntoForms' flagship product is an eponymous mobile app and software solution that allows workers in the field to collect, send, and receive data using mobile devices.[4] The app is available for iOS, Android, BlackBerry, and Windows Mobile devices.[2][12][13] The app uses mobile forms to facilitate data transfers between devices in the field and a range of back office applications, cloud services, and data analytics tools. Data can be exported to a number of different formats, including PDF, CSV, Excel, raw data files, and others. ProntoForms provides clients with several default forms, but forms can also be customized for each set of circumstances.[1] Clients can use the app for a number of different purposes, including environmental, health & safety inspections, timesheet automation,[22] delivery dispatch coordination,[15] tracking time on service calls, indicating which parts or products are required, billing, and others.[1]

References

  1. ↑ 1.0 1.1 1.2 1.3 Wiseman, Paul (20 November 2012). "Smartphones or tablets can collect, upload oilfield data". Midland Reporter-Telegram. http://www.mrt.com/business/oil/32cb75fa-8850-5019-8bc2-8aec31a6d2f7.html. Retrieved 8 November 2015. 
  2. ↑ 2.0 2.1 "4 Canadian Tech Small Caps with 50%+ Annual Revenue Growth". Small Cap Power. 30 March 2015. http://www.smallcappower.com/posts/4-canadian-tech-small-caps-30-03-2015. Retrieved 8 November 2015. 
  3. ↑ Waddell, Nick (28 April 2014). "ProntoForms has 100% upside, says Paradigm Capital’s Leung". Cantech Letter. http://www.cantechletter.com/2014/04/prontoforms-has-100-upside-says-paradigm-capitals-leung0428/. Retrieved 8 November 2015. 
  4. ↑ 4.0 4.1 O'Connor, Tom (1 December 2013). "Communications Technologies and the Cloud Enable Productivity, Efficiency for Field Workers". Utility Products. http://www.utilityproducts.com/articles/print/volume-17/issue-10/features/communications-technologies-and-the-cloud-enable-productivity-efficiency-for-field-workers.html. Retrieved 8 November 2015. 
  5. ↑ "5 Ways To Help Save Time And Increase Sales". Forbes. 24 November 2014. https://www.forbes.com/sites/att/2014/11/24/5-ways-to-help-save-time-and-increase-sales/. Retrieved 8 November 2015. 
  6. ↑ 6.0 6.1 "ProntoForms". CrunchBase. https://www.crunchbase.com/organization/prontoforms. Retrieved 8 November 2015. 
  7. ↑ "ProntoForms Corporation". TSX Venture Exchange. http://web.tmxmoney.com/quote.php?locale=en&qm_symbol=PFM. Retrieved 8 November 2015. 
  8. ↑ "ProntoForms Earns Frost & Sullivan's North American Mobile Forms Competitive Strategy Innovation and Leadership Award". Marketwired. 20 July 2015. http://www.marketwired.com/press-release/prontoforms-earns-frost-sullivans-north-american-mobile-forms-competitive-strategy-innovation-tsx-venture-pfm-2039852.htm. Retrieved 8 November 2015. 
  9. ↑ "TrueContext receives $5.4 million seed financing". Ottawa Business Journal. 27 February 2002. http://www.obj.ca/Other/Archives/2002-02-27/article-2157900/TrueContext-receives-$5.4-million-seed-financing/1. Retrieved 8 November 2015. 
  10. ↑ "October 11, 2005 - Funding Round - Series B". CrunchBase. https://www.crunchbase.com/funding-round/c870e83738ab67a4c746ea3943bbcd93. Retrieved 8 November 2015. 
  11. ↑ "TrueContext Launches Pronto Service in the United States – Fast and Flexible Field Force Automation". Business Wire. 5 February 2007. http://www.businesswire.com/news/home/20070205005382/en/TrueContext-Launches-Pronto-Service-United-States--. Retrieved 8 November 2015. 
  12. ↑ 12.0 12.1 12.2 "AT&T extends mobile business applications to Android". CCJ Digital. 5 January 2011. http://www.ccjdigital.com/att-extends-mobile-business-applications-to-android/. Retrieved 8 November 2015. 
  13. ↑ 13.0 13.1 "Mobile Data Collection for Windows Mobile, BlackBerry, iPhone and Web Browser". MobiliseIT. 6 October 2009. http://www.mobiliseit.com/Products/MobileForms/ProntoForms.aspx. Retrieved 8 November 2015. 
  14. ↑ "TrueContext widens loss to $2M as revenues rise". Ottawa Business Journal. 31 March 2011. http://www.obj.ca/Technology/2011-03-31/article-2384171/TrueContext-widens-loss-to-$2M-as-revenues-rise/1. Retrieved 8 November 2015. 
  15. ↑ 15.0 15.1 Clancy, Heather (12 November 2012). "5 options for creating mobile forms". ZDNet. http://www.zdnet.com/article/5-options-for-creating-mobile-forms/. Retrieved 8 November 2015. 
  16. ↑ 16.0 16.1 Waddell, Nick (12 November 2014). "ProntoForms is undervalued, says Paradigm Capital analyst Leung". Cantech Letter. http://www.cantechletter.com/2014/11/prontoforms-undervalued-says-paradigm-capital-analyst-leung/. Retrieved 8 November 2015. 
  17. ↑ Brownlee, Mark (7 August 2013). "ProntoForms patent dump pushes firm to Q2 profit". Ottawa Business Journal. http://www.obj.ca/Technology/2013-08-07/article-3341719/ProntoForms-patent-dump-pushes-firm-to-Q2-profit/1. Retrieved 8 November 2015. 
  18. ↑ "TrueContext unloads patents". Ottawa Business Journal. 7 May 2013. http://www.obj.ca/Technology/2013-05-07/article-3239393/TrueContext-unloads-patents/1. Retrieved 8 November 2015. 
  19. ↑ "ProntoForms raises $1M through private placement". Ottawa Business Journal. 13 March 2014. http://www.obj.ca/Technology/2014-03-13/article-3647008/ProntoForms-raises-$1M-through-private-placement/1. Retrieved 8 November 2015. 
  20. ↑ "Recurring revenue on the rise for ProntoForms in 2015 Q1". Ottawa Business Journal. 30 April 2015. http://www.obj.ca/Technology/2015-04-30/article-4130474/Recurring-revenue-on-the-rise-for-ProntoForms-in-2015-Q1/1. Retrieved 8 November 2015. 
  21. ↑ "ProntoForms raises $3 million through private placement financing". Ottawa Business Journal. 3 September 2015. http://www.obj.ca/Technology/2015-09-03/article-4266851/ProntoForms-raises-%243-million-through-private-placement-financing%0D%0A/1. Retrieved 8 November 2015. 
  22. ↑ Cheng, Roger (16 May 2011). "Making Business Better, One App at a Time". The Wall Street Journal. https://www.wsj.com/articles/SB10001424052748704662604576202090664125476. Retrieved 8 November 2015. 

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