— Inventor of Leasing and Asset Management Software Wins First Place in Data –
NEW YORK–(BUSINESS WIRE)–#CREtech—VTS, New York City-based proptech unicorn and inventor of commercial real estate (CRE) leasing and asset management software, is pleased to announce it is a sixth annual Real Estate Tech Awards (#RETAS) winner in data, presented by CREtech, the largest event, data and content platform in CRE tech.
“We are incredibly honored to have been recognized by CREtech as #1 in data for commercial real estate,” said Nick Romito, CEO and co-founder of VTS. “VTS has a long history of being the CRE industry’s modern operating system—the place where deals happen and real-time data comes to life. This recognition is a true validator of how our real-time data enables VTS users to draw critical insights, revolutionizing a historically tech-laggard industry.”
Sponsored by JLL Spark, the Real Estate Tech Awards (#RETAS) are the leading international award honoring excellence in CRE tech. The awards recognize the most cutting-edge companies which have played an integral role in advancing tech in the industry throughout the year. Backed by the leading VCs, angel investors, corporate investors and thought leaders in CRE tech, the awards were open to startups or tech companies servicing the industry.
Since its founding in 2012, VTS has revolutionized CRE—an industry valued at more than $15 trillion and one of the world’s largest and least tech-enabled asset classes. Inventing the tech category of leasing and asset management, VTS allows landlords and brokers to manage their entire leasing process to maximize revenue and performance.
Today, more than 10 billion square feet of CRE—an amount equivalent to roughly 20 New York Cities in size—is managed on VTS, including one in every three office buildings in the U.S. More than 35,000 users across 38 countries use VTS to convert leads to leases 41% faster than ever before. VTS has eight out of 10 of the world’s largest property owners as clients, boasting an impressive roster of global leaders including Blackstone, Brookfield, LaSalle Investment Management, Hines, Boston Properties, Oxford Properties, JLL and CBRE.
This achievement comes at a pivotal moment for VTS, which recently announced its $90 million Series D fundraising round led by Brookfield Ventures, believed to be the largest venture investment in the history of CRE software. The round also resulted in VTS achieving unicorn status. Shortly thereafter, VTS announced the appointment of IPO-experienced and SaaS expert Bob Bies and its expansion into Toronto with a new product development center. Later this year, VTS will launch CRE’s first end-to-end leasing marketplace—Truva. With a fast-growing, supportive customer base, a world-class team and a market-leading product, VTS is on the trajectory to tremendous growth.
VTS was carefully selected as a winner by the #RETAs elite panel of judges, including the leading VCs, angel investors and corporate investors and thought leaders in the commercial real estate tech industry.
For more information about the Real Estate Tech Awards, click here.
VTS is the commercial real estate industry’s leading leasing and asset management platform. Landlords use VTS to maximize portfolio performance by transforming their leasing and asset management process and unlocking real-time insights – enabling them to convert leads to leases 41% faster and build data-led strategies. Brokers can manage their deal pipeline and get tenants into empty spaces faster, collaborate across teams and work easily with their landlord clients using VTS for Brokers.
The VTS platform manages more than 10 billion square feet of commercial real estate, has a user base exceeding 35,000 and boasts an impressive client roster including global leaders such as Blackstone, Brookfield, GLP, LaSalle Investment Management, Hines, Boston Properties, Oxford Properties, JLL and CBRE.
To learn more about VTS, and to see our open roles, visit www.vts.com.
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