User:Rolid sock/sandbox
| Company type | Private |
|---|---|
| Industry | Software |
| Founded | 2012 in New York, United States[1] |
| Founder | |
| Headquarters | New York City , United States |
Number of employees | 500[2] |
| Website | www |
View the Space, Inc. (VTS)
[edit]VTS is a software company that provides customer relationship management (CRM), marketing and analytics software specifically for the commercial real estate industry. They also release the VTS Office Demand Index (VODI) that is a leading indicator for office demand in the US and UK.
History
[edit]VTS was founded in 2012 by Nick Romito and Ryan Masiello in New York City. Romito and Masiello were lifelong friends who grew up surfing in New Jersey. After graduating college, they both began working as agents in the commercial real estate industry. Romito got his start in commercial real estate at Murray Hill Properties and spent over six years in the industry across two firms. Masiello began his career at Cushman & Wakefield. He later worked at Jones Lang LaSalle, advising landlords and tenants in the Manhattan office market. VTS’s first product was a high-quality, steady cam video offering to show listings via email and online. It saw early traction by helping owners save time by qualifying leads before giving tours, and rates of potential clients into tenants.[3]
In 2015 Blackstone Group LP’s real estate group invested $3.3 million to buy a stake in VTS, then a three-year-old tech company, valuing the firm at close to $35 million.[4]
In 2016 VTS merged with another commercial real estate software company, Hightower Inc., in an all-stock transaction.[5]
In 2018 VTS realeased it's data product, which amalgamated various data feeds across its platform to offer commerical real estate professionals views into macro trends across the industry.[6]
In 2021 VTS acquired Lane and Rise Buildings, two software companies building tools for workplace and tenant experience, respectively. The acquisitions coincided with the post-pandemic struggle of commercial landlords to revive office occupancy to pre-pandemic levels.[7]
In 2022 CBRE invested over $100M in their Series E round, valuing the company at close to $1.6B post-money.[8]
Products
[edit]VTS Lease
[edit]VTS Lease is a CRM solution allowing users to manage deals, leases, and tenants. VTS Lease offers retention management, lease activity reports, deal momentum tracking, deal approval management, and deal connection alerts, among other features.[9]
VTS Market
[edit]VTS Market is the digital marketing offering in the VTS product suite that streamlines marketing and leasing workflows from listing creation to executing the lease and analytics. VTS Market offers listing pages, channel management, micro-sites, automated tracking, and advanced analytics to see who is viewing content.[10]
VTS Activate
[edit]VTS Activate enables CRE owners and operators to create a fully integrated office experience, providing tenants with the capability to manage their day-to-day needs and activity within a building on one centralized app. VTS Activate also has ‘one-app, access anywhere’ functionality – opening a landlord’s entire portfolio to tenants by providing them the capability to choose where they want to work.[11]
VTS Data
[edit]VTS Data is a data as a service solution giving users data on wider market and submarket real estate trends such as, average base rents, tour activity, what kinds of tenants are looking for spaces and average transaction times for different industries.[12] VTS uses state of the art artificial intelligence to unify disparate data sources to surface these trends.
References
[edit]- ^ https://www.wsj.com/articles/cbre-leads-125-million-vts-funding-round-a-bet-on-technology-for-return-to-office-11662439278
- ^ https://www.linkedin.com/company/we-are-vts/mycompany/verification/
- ^ https://research.contrary.com/reports/vts
- ^ https://www.wsj.com/articles/BL-DVB-22619
- ^ https://www.wsj.com/articles/tech-advisers-to-real-estate-industry-to-join-forces-1480431601
- ^ https://www.wsj.com/articles/vts-plans-tool-to-help-commercial-real-estate-clients-track-market-trends-1529294818
- ^ https://www.verdantix.com/insights/blogs/vts-200m-acquisition-of-lane-sparks-a-race-to-deliver-the-most-comprehensive-tenant-experience-platform
- ^ https://commercialobserver.com/2022/11/cbre-vikram-kohli/
- ^ https://research.contrary.com/reports/vts
- ^ https://research.contrary.com/reports/vts
- ^ https://www.businesswire.com/news/home/20230510006107/en/VTS-Launches-Revolutionary-New-Tenant-Experience-Technology-VTS-Activate-Transforming-Workplace-Management-and-Building-Operations
- ^ https://www.wsj.com/articles/vts-plans-tool-to-help-commercial-real-estate-clients-track-market-trends-1529294818