- Battery Ventures announced it has acquired two companies: Forest2Market and Fisher International.
Global technology investment firm Battery Ventures announced that it has acquired two companies: Forest2Market and Fisher International. Forest2Market is a company that supplies data, analytics, supply chain expertise, and strategic consulting services to the global forest products industry. And Fisher International is a company that supports the pulp and paper industry with business intelligence and strategy consulting services. Going forward, Forest2Market and Fisher International will continue to operate individually as the transition is planned and implemented.
“We believe both Forest2Market and Fisher International are leaders in their industry, with sophisticated business intelligence platforms that offer data-intense, technology-based solutions for the global forest products industry. Combined, the companies will offer greater insight to customers and provide better customer solutions and service, while setting the stage for dynamic, profitable growth for both companies going forward,” said Jordan Welu, a principal at Battery Ventures.
Going forward, Welu and Dave Tabors of Battery will be joining Forest2Market founder and CEO Pete Stewart on the board of directors. And Stewart will also become CEO of the combined organizations.
Rod Fisher — the founder and president of Fisher International — is going to be stepping away from the day-to-day management of the company and serve as a senior advisor to both the new CEO and Fisher International customers.
The Forest2Market team and the balance of the Fisher International team are going to remain in place.
“I look forward to working with the Fisher International and Forest2Market teams. We believe this will create powerful new products and services and provide unprecedented global data-driven insight to our customers,” added Stewart. “Forest2Market’s goal for the last five years has been to expand both internationally and across the value chain, from wood raw materials to end-products markets, and the combination of Forest2Market and Fisher International will accelerate that growth.”
And these acquisitions put both companies on a path to attain their long-term corporate goals.
“Pete and I have worked on specific engagements over the years, and we’ve talked about ways our companies can work together to enhance the value we bring to all of our customers,” explained Fisher. “Battery Ventures recognized the opportunity to join these two complementary companies as a way to increase the efficiency with which both companies deliver data, end-to-end insight, guidance and platform solutions. The synergies are clear, and I am excited to see the many advantages we will bring to our customers as a result of our working together.”
