This shift represents a major corporate milestone for the proptech leader, as it strengthens its underlying data platform and team for the needs of customers

VTS, the industry's only technology platform that unifies owners, operators, brokers, and their customers across the real estate ecosystem, today announced that it is shifting its investment focus to its core leasing and property software, and is rapidly scaling its data backbone and AI capabilities. Recent successful launches including VTS Activate – the industry’s leading TenEx and Property Management platform, as well as VTS 4 – the industry’s only platform with predictive analytics for identifying tenant activity, have created a significant increase in demand from customers for additional data across every aspect of its business. As VTS Activate, the world’s most-adopted tenant experience technology solution, continues to rapidly scale, VTS’ new AI investment delivers significant value for property managers as well as landlords in managing their tenant strategies.

Both the real estate and technology industries have changed at a rapid pace in recent years, and so have the demands from these industries. As a result of this change, there has been a need across the industry for more data to make the most-informed business decisions. With over 13 billion square feet managed on its platform, VTS has been developing solutions specific to solving these needs through its AI and Data Science teams, and these are areas in which the company is heavily investing in.

“Our customers are operating in a competitive environment where they expect more from their core technology platforms, and in this environment, they require data that unlocks insights about their business, empowers them to make the most informed decisions possible, and gives them a competitive edge in the market,” said Nick Romito, CEO of VTS. “Our current investment focus reflects the needs of our customers and best-positions us to continue being the industry’s leading provider of proptech.”

To support the increased investment in AI, the company also plans to grow its headcount globally, including expanding its footprint in the APAC region. As more resources are allocated, VTS’ Data Science team will accelerate additional platform-level AI capabilities over the next 12 months to all of its best-in-class software products including VTS Activate, VTS Lease, VTS Market, and VTS Data. VTS Data is also in the process of significant expansion, having previously launched in London last March, and will be in a total of 31 markets globally by the end of the year, adding additional value for customers by providing real-time and predictive market analytics, including identifying future tenant activity.

About VTS

VTS is the industry's only technology platform that unifies owners, operators, brokers, and their customers across the commercial and residential real estate ecosystems. In 2013, VTS revolutionized the commercial real estate industry’s leasing operations with what is now VTS Lease. Today, the VTS Platform is the largest first-party insights and collaboration engine in the industry, transforming how strategic decisions are made and executed by real estate professionals across the globe.

With the VTS Platform, consisting of VTS Lease, VTS Market, VTS Activate, and VTS Data, every stakeholder in real estate is given real-time market information and workflow tools to do their job with unparalleled speed and intelligence. VTS is the global leader, with more than 60% of Class A office space in the U.S., and 13 billion square feet of office, residential, retail, and industrial space is managed through our platform worldwide. VTS is utilized by over 45,000 professionals and over 1.2 million total users, including industry-leading customers such as Blackstone, Brookfield Properties, LaSalle Investment Management, Hines, BXP, Oxford Properties, JLL, and CBRE. To learn more about VTS, and to see our open roles, visit www.vts.com.

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