Type Public Website www.prontoforms.com Founder Alvaro Pombo | Traded as TSXV: PFM Headquarters Ontario, Canada Founded 2001 | |
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Products Enterprise mobile software Stock price PFM (CVE) CA$ 0.40 +0.02 (+5.26%)27 Mar, 4:00 PM GMT-4 - Disclaimer | ||
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. The application allows workers in the field to send data, forms, and other information to management personnel, back office systems, and analytics tools. The company went public in 2005 and trades on the TSX Venture Exchange under the stock ticker symbol, PFM. In 2015, Frost & Sullivan honored ProntoForms with the "North American Mobile Forms Competitive Strategy Innovation and Leadership" Award.
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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. In 2002, the company received $5.4 million in seed funding from Skypoint Capital and Venture Coaches. The company went public on September 15, 2005 and began trading on the TSX Venture Exchange under the stock ticker symbol, PFM. One month later, TrueContext raised $7.6 million in Series B funding from Skypoint Capital and Jefferson Partners.
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. The app would later be made available for Android and iOS devices. By 2011, clients who had used the ProntoForms software included, Louisiana's St. John the Baptist Parish School Board, Promarket, and Amaco Equipment. 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. Other strategic partnerships that ProntoForms has formed include those with Nextel, Rogers, and Bell.
In 2013, the company officially changed its name to ProntoForms while also selling off several patents. In 2014, the company raised $1 million in funding through private placement. By the end of 2014, the company had around 2,500 business clients. In 2015, ProntoForms established a partnership with Apple, allowing the latter company to distribute the ProntoForms technology. In September 2015, the company raised an additional $3 million through private placement.
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. The app is available for iOS, Android, BlackBerry, and Windows Mobile devices. 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. Clients can use the app for a number of different purposes, including environmental, health & safety inspections, timesheet automation, delivery dispatch coordination, tracking time on service calls, indicating which parts or products are required, billing, and others.