NEW YORK–(BUSINESS WIRE)–CIBC Innovation Banking is happy to announce the lead association of a $150 million syndicated debt financing for New York-based VTS, a number one supplier of economic actual property software program. VTS will use the capital to speed up investments in its strategic product highway map, M&A, and international market growth.
VTS’s leasing and asset administration software program presents landlords and brokers one place to trace all of their leases, belongings, and tenants via an easy-to-use, intuitive platform that empowers industrial actual property professionals to work smarter, not tougher.
“VTS’s platform brings innovation to the industrial actual property sector by unlocking important insights and reporting capabilities,” mentioned Caroline Tkatschow, Director in CIBC Innovation Banking’s New York workplace. “We’re excited to be working with VTS’s administration staff and help their firm’s continued home and international progress.”
VTS was based by actual property professionals who’ve skilled the challenges going through immediately’s landlords and brokers first-hand. The platform is trusted by over 45,000 brokers and asset managers across the globe to handle over 12 billion sq. toes of economic property.
“The CIBC Innovation Banking staff has supplied unimaginable help to our staff at VTS as we proceed to develop our enterprise,” mentioned Bob Bies, Chief Monetary Officer of VTS. “We’re grateful for his or her help which is able to allow our instant market progress plans and speed up our product initiatives.”
VTS can also be backed by Perception Companions, OpenView, Trinity and Bessemer Enterprise Companions, amongst others.
About CIBC Innovation Banking
CIBC Innovation Banking delivers strategic recommendation, money administration and funding to innovation firms throughout North America, the UK, and choose European nations at every stage of their enterprise cycle, from begin as much as IPO and past. With places of work in Atlanta, Austin, Boston, Chicago, Denver, London, Menlo Park, Montreal, New York, Reston, Toronto and Vancouver, the staff has intensive expertise and a powerful, collaborative method that extends throughout CIBC’s industrial banking and capital markets companies within the U.S., Canada, the UK, and choose European markets.
About VTS
VTS is industrial actual property’s main leasing, advertising and marketing, asset administration, and tenant expertise platform the place the business involves make offers occur and real-time information involves life. The VTS Platform captures the most important first-party information supply within the business, which delivers real-time insights that gasoline sooner, extra knowledgeable choice making and connections all through the deal and asset lifecycle. VTS Knowledge, the business’s solely forward-looking market dataset, and VTS Market and Market, the business’s first built-in on-line advertising and marketing answer, give landlords, brokers, and tenants unparalleled visibility into real-time market info and the direct connectivity to execute offers with larger velocity and intelligence at each level within the planning, advertising and marketing, leasing, and asset administration cycle. VTS Rise is the business’s most complete tenant expertise answer, providing occupiers, constructing operators, and guests an immersive, tech-enabled expertise. Greater than 60 p.c of Class A workplace area within the US and 12 billion sq. toes of workplace, retail, and industrial actual property globally is managed on the VTS platform. VTS’ person base contains over 45,000 CRE professionals together with revered business leaders like Blackstone, Brookfield Properties, LaSalle Funding Administration, Hines, Boston Properties, Oxford Properties, JLL, and CBRE. To be taught extra about VTS, and to see our open roles, go to www.vts.com.