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ProntoForms Recognized in Gartner Magic Quadrant for Enterprise Low-Code Application Platforms

OTTAWA, Ont. – September 5th 2019 – ProntoForms Corporation (TSXV: PFM), the global leader in field-focused low-code application platforms (“LCAP”) for enterprise, announced today its placement in Gartner’s Magic Quadrant for Enterprise Low-Code Application Platforms(1) report.

Gartner predicts that “by 2024, three-quarters of large enterprises will be using at least four low-code development tools for both IT application development and citizen development initiatives” and “by 2024, low-code application development will be responsible for more than 65% of all application activity.”

According to the report, “the enterprise LCAP market is growing strongly, due to continued demand for applications and a shortage of skilled developers. Low-code development is a natural evolution of rising abstraction levels in application development, which will eventually lead to viable cross-enterprise, highly scalable citizen development and composition of applications.”  The report further states, “an enterprise LCAP supports enterprise-class applications. These require high performance, scalability, high availability, disaster recovery, security, SLAs, resource use tracking, technical support from the provider, and API access to and from local and cloud services.”

ProntoForms is one of 18 LCAP vendors evaluated in the report, evaluation was based on completeness of vision and ability to execute.

Alvaro Pombo, Chief Executive Officer and Founder of ProntoForms, reiterates, “ProntoForms has always focused on enabling field automation in a simple, yet powerful and scalable, manner—that’s what LCAP is about. We believe our focus and strength in the field makes us unique in this report. The market is here and we are in a great position to accelerate our growth and take advantage of it.”

This analyst report arrives on the back of other recognition for the company. ProntoForms is also the highest customer-rated Rapid Mobile App Development tool on Gartner Peer Insights as of 3 September 2019. It has the only 5.0 (out of 5.0) Overall Rating in the Rapid Mobile App Development Tools market, based on 9 reviews.

(1) Gartner Magic Quadrant for Enterprise Low-Code Application Platforms, Paul Vincent, et al, 8 August 2019.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner Peer Insights reviews constitute the subjective opinions of individual end users based on their own experiences, and do not represent the views of Gartner or its affiliates.


About ProntoForms Corporation

ProntoForms is the global leader in field-focused low-code application platforms for enterprise. The Company’s solution is used to create apps and forms to collect and analyze field data with smartphones and tablets – either as a standalone solution or as a mobile front-end to enterprise systems of record.

The Company’s 100,000+ subscribers harness the intuitive, secure, and scalable solution to increase productivity, improve quality of service, and mitigate risks. The Company is based in Ottawa, Canada, and trades on the TSXV under the symbol PFM. ProntoForms is the registered trademark of ProntoForms Inc., a wholly owned subsidiary of ProntoForms Corporation.


For additional information, please contact:

Alvaro Pombo
Chief Executive Officer
ProntoForms Corporation
613.599.8288 ext. 1111
apombo@truecontext.com

Babak Pedram
Investor Relations
Virtus Advisory Group Inc.
416-644-5081
bpedram@virtusadvisory.com

Contact Information

Philip Deck
co-Chief Executive Officer
ProntoForms Corporation
416.702.3974
pdeck@truecontext.com

Dave Croucher
Chief Financial Officer
ProntoForms Corporation
613.286.9212
dcroucher@truecontext.com


Certain information in this press release may constitute forward-looking information. For example, statements about the Company’s future growth or value, the revenues anticipated to be received by the Company from recent contracts referred to above and anticipated market trends are forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company’s business and value may not grow as anticipated or at all, revenue anticipated from contracts may not be received due to many risks, including factors specific to the customer, and anticipated market trends may not occur or continue. Historical growth levels and results may not be indicative of future growth levels or results. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. There are a number of risk factors that could cause future results to differ materially from those described herein. Please see “Risk Factors Affecting Future Results” in the Company’s annual management discussion and analysis dated March 9, 2022 found at www.sedar.com for a discussion of such factors. ARR is calculated as the annual equivalent of the recurring elements of our contracts with customers that are in effect at the end of the period. It excludes one-time professional service fees and assumes that customers will renew the contractual commitments on a periodic basis as those commitments come up for renewal, unless such renewal is known to be unlikely at period end. Please also refer to the Company’s management discussion and analysis for the year ended December 31, 2022 for a description of how the Company determines and uses ARR. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.