Wesley Clover Increases Equity Stake in ProntoForms

Canadian private equity firm Wesley Clover International Corp. (WCIC) has acquired an additional ownership interest in Ottawa-based mobile data solutions company ProntoForms Corp. (TSX Venture: PFM), formerly known as TrueContext Mobile Solutions Corp. Following the deal, WCIC will own up to 28.79% of the company's outstanding common shares. ProntoForms was founded in 2001, and has been venture-backed since then by such investors as WCIC and Skypoint Capital.

CanadaNorth AmericaBriefs