About Forterro
Forterro is a company based in Austin (United States) founded in 2012 was acquired by Partners Group in March 2022.. Forterro has completed 15 acquisitions, including 123Insight, BPSC and Business Micros. Forterro offers products and services including ERP Software, Supply Chain Solutions, and Professional Services. Forterro operates in a competitive market with competitors including Shanghai Hande Information Technology, The Hackett Group, SynProSoft, Enprise and SSA Global, among others.
- Headquarter Austin, United States
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Partners Group
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
123Insight
& 14 more
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Acquired by
Partners Group
(Mar 01, 2022)
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Products & Services of Forterro
Forterro offers a comprehensive portfolio of products and services, including ERP Software, Supply Chain Solutions, and Professional Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages business operations for industrial sectors like manufacturing
Automates inventory and warehousing processes for efficiency
Assists with implementation and optimization of software products
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Leadership Team
21 people
Software Development Team
16 people
Sales and Marketing
15 people
Human Resources and Administration
9 people
Finance and Accounting
8 people
Senior Team
4 people
Product Management Team
4 people
Legal and Compliance
3 people
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Funding Insights of Forterro
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series A - Forterro | Valuation | Battery Ventures |
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| Jun, 2012 | Amount | Seed - Forterro | Valuation | Battery Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Forterro
Forterro has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Partners Group and Battery Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in technology companies are conducted globally by Battery Ventures.
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Founded Year | Domain | Location | |
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Private equity funds are managed across multiple sectors globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Forterro
Forterro has strategically engaged in corporate development activities, having acquired 15 companies. Notable acquisitions include 123Insight, BPSC and Business Micros. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Warehouse automation robots are manufactured for e-commerce and logistics.
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2020 | ||||
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AI-driven optimization of production processes for manufacturers is facilitated.
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2018 | ||||
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Business management software is developed for small and medium enterprises.
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Forterro
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Forterro Comparisons
Competitors of Forterro
Forterro operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Shanghai Hande Information Technology, The Hackett Group, SynProSoft, Enprise and SSA Global, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
ERP consulting and implementation services are provided for multiple sectors.
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| domain | founded_year | HQ Location |
ERP consulting and advisory services are delivered to global clients.
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| domain | founded_year | HQ Location |
A suite of IT services solutions is provided by SynProSoft.
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| domain | founded_year | HQ Location |
ERP implementation services for MYOB software are provided.
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| domain | founded_year | HQ Location |
Extended ERP solutions are provided for manufacturing and distribution sectors.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Forterro
Frequently Asked Questions about Forterro
When was Forterro founded?
Forterro was founded in 2012.
Where is Forterro located?
Forterro is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of Forterro?
Dean Forbes is the current CEO of Forterro.
What does Forterro do?
Provider of specialized software solutions for industrial businesses. It offers software products and services designed to strengthen operations and accelerate growth within the industrial market. The company develops software tailored to the specific needs of industrial businesses, focusing on automation of complex processes. Support services are provided to help customers achieve business goals and maximize their software investment. The companys offerings are rooted in deep industry expertise and a long history of serving the industrial sector.
Who are the top competitors of Forterro?
Forterro's top competitors include The Hackett Group, Shanghai Hande Information Technology and B2B Software Technologies.
What products or services does Forterro offer?
Forterro offers ERP Software, Supply Chain Solutions, and Professional Services.
How many acquisitions has Forterro made?
Forterro has made 15 acquisitions, including 123Insight, BPSC, and Business Micros.
Who are Forterro's investors?
Forterro has 2 investors. Key investors include Partners Group, and Battery Ventures.
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