Forterro Receives Investment From Battery Ventures
Summary
Battery will continue to be actively involved in helping to scale Forterro as the company pursues its vision for growth under Partners Group’s ownership. Battery will also continue to serve as a corporate-development resource, helping to define the company’s new acquisition strategy, research potential targets and execute transactions. Led by CEO Dean Forbes, Forterro is a multi-national leader in the European ERP sector for small and midsize manufacturers and distribution companies. The company has grown to employ more than 1,200 employees who work from over 40 office locations around the world to support specialized software solutions and more than 10,000 small and midsize manufacturers. Under Battery’s ownership, Forterro completed 14 acquisitions across six countries, including France, Germany, Poland, Sweden, Switzerland and The United Kingdom, and grew its annual recurring revenue over 10 times.
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