Battery Ventures, a global technology-focused investment firm, has acquired two companies.
– Forest2Market, Inc., a Charlotte, N.C.-based firm founded in 2000 and supplying data, analytics, supply chain expertise and strategic consulting services to the global forest products industry; and
– Fisher International, Inc., a firm supporting the pulp and paper industry with business intelligence and strategy consulting services. Founded in 1985, the company is headquartered in South Norwalk, Conn.
The amount of the deal were not disclosed.
Forest2Market and Fisher International will continue to operate individually as the transition is planned and implemented.
Battery Ventures principal Jordan Welu and Battery’s Dave Tabors will join Peter J. Stewart, founder and CEO of Forest2Market, on the board of directors.
Stewart will also become CEO of the combined organizations.
Rod Fisher, the founder and president of Fisher International, will step 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 will remain in place.