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Charged Up Newsletter

Welcome to Charged Up, a newsletter from the private equity group at Battery Ventures. 

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Battery Acquires 1WorldSync Holdings

In July, Battery acquired 1WorldSync Holdings, a leading software-as-a-service (SaaS) network that enables brands to securely and continuously share critical product data with a community of retailers, operators and distributors across industries. The company was established as a joint venture by GS1 US® and GS1 Germany GmbH, industry standards organizations focused on supply-chain visibility and efficiency.

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Battery Acquires Forest2Market and Fisher International

In August, Battery acquired two companies: Forest2Market, Inc. a firm supplying data, analytics, supply chain expertise and consulting services to the forest-products industry, and Fisher International, Inc. a firm supporting the pulp and paper industry. Forest2Market and Fisher International will operate as one company focused on data services for the global forestry market and be led by Pete Stewart, previously the CEO of Forest2Market.

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Quantifoil Joins Sample Preparation Technologies

Quantifoil, a global manufacturer of specialty grids and foils for electron-microscopy applications, was acquired by Sample Preparation Technologies (SPT), and will join TTP Labtech as a part of Battery's SPT platform. 

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SST Sensing Limited Joins PST

Process Sensing Technologies (PST), which provides a comprehensive suite of instruments and analyzers for precision measurements, recently acquired SST Sensing Limited, a global provider of oxygen-measurement and liquid-level sensors. 

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SynerGIS GIS & FM Solutions Joins VertiGIS

VertiGIS, a Battery portfolio company in the geographic-information systems (GIS) market, has acquired Austria-based SynerGIS GIS & FM Solutions group. The company makes GIS software for a variety of markets, including local and regional governments, utilities, exploration and industry. SynerGIS GIS & FM Solutions will officially join VertiGIS’s AED-SICAD business unit.

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LANSA Solutions Acquired by 1WorldSync Holdings

In August, 1WorldSync Holdings acquired Data Sync Direct and Sync Manager, product content syndication solutions from LANSA (a division of Idera, Inc.), a provider of low-code application development platform tools. The Data Sync Direct and Sync Manager product content syndication solutions address data alignment as well as regulatory and trading partner proprietary requirements.

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Battery Sells WebPT to Warburg Pincus

In August, rehab-therapy software company WebPT announced that private-equity firm Warburg Pincus acquired a majority interest in the company. Battery was a selling shareholder in the transaction. Since its launch in 2008, WebPT has maintained a track record of steady growth and was recently named to the Inc. 5000 list for the seventh-consecutive year.

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Dillon Joyce and Max Kaye Promoted to Vice President

Dillon Joyce joined Battery in 2016 as an associate and has focused on growth and later-stage software investments. He is currently involved with Battery’s investments in Guardsquare, PageUp and Quinyx. Joyce recently relocated from Battery Ventures’ Boston office to San Francisco.

Max Kaye, based in Boston, was also promoted; he focuses on industrial technology and software and has been involved with SigmaTEK Systems, which makes software for manufacturers, and VertiGIS, a software-platform company in the geographic-information systems sector. Kaye joined Battery in 2014 and has worked in both the firm’s London and Boston offices.

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Dawit Workie Promoted to Associate

Battery also promoted Dawit Workie to associate. He focuses on growth equity and buyout-stage investments in the enterprise-software sector. Previously Workie worked as an analyst at Century Equity Partners.

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Battery New Hires on the Private Equity Team

In addition, Battery added two new members to the private-equity team. These include Antonia Heiss, an analyst based in the London office focused on investments in software, information services and enterprise technology, and Maximilian Jessen, who is based in Boston and works on deals in the enterprise-software and industrial-technology markets.