VTS (ex Hightower) Strengths, Domain Expertise, and Key Differentiators
With Three-Year Revenue Growth of 102 Percent, VTS Ranks Among America’s Fastest-Growing Private Companies. 2023, Inc. disclosed that VTS, the sole technology platform in the commercial real estate industry that brings together owners, operators, brokers, and tenants to leverage opportunities within every square foot of their properties, has secured a position on the 2023 Inc. 5000. This annual list recognizes the fastest-growing private companies in America.
Founded with a mission to revolutionize commercial real estate through innovation, VTS is the industry's leading leasing and asset management platform. By centralizing all of their critical data and workflows in one place, VTS empowers landlords and brokers to better attract, convert and retain their most valuable asset, tenants.
Over 6.5 billion square feet is managed on the VTS platform by a user base of 35,000. The firm's client roster comprises global commercial real estate leaders including Boston Properties, Beacon Capital Partners, Equity Office, LaSalle Investment Management, Hines, JLL and CBRE.
VTS (ex Hightower) Recent Developments
2022: VTS has experienced significant growth and aims to sustain this momentum by positioning itself as the industry standard for commercial real estate technology. Reflecting this commitment, nine new employees have recently joined the UK office.
VTS (ex Hightower) Mergers and Acquisitions (M&A) Activities
In October 2021, VTS acquired Lane, the workplace experience platform used by several top landlords including Brookfield, Oxford, and Hines. With the acquisition, VTS has now invested hundreds of millions of dollars in tenant experience, more than all other proptech companies combined.
In October 2019 VTS acquired PropertyCapsule, the marketing automation and prospecting software used by more than 50% of the top 100 retail landlords in North America, for an undisclosed sum.
In November 2016 VTS and Hightower completed the merger agreement under which the companies will come together to form the commercial real estate industry's leading leasing and asset management platform. Under this agreement, VTS and Hightower will combine under VTS.
The strongest features from VTS and Hightower will be integrated into one platform, bringing the best of both products together for customers. With a collective customer base of over 5 billion square feet, the company can make an even greater impact on the $15 trillion commercial real estate industry.
VTS (ex Hightower) Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying VTS (ex Hightower) applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of VTS (ex Hightower) and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified VTS Lease customers.
VTS (ex Hightower) Overview
1095 Avenue of the Americas 14th Floor
New York, NY, 10036, United States
1 844-800-7109
https://www.vts.com/
Ownership: - Trinity Ventures, Insight Venture Partners, OpenView Venture Partners, Fifth Wall, Camber Creek
Number of Employees: 700
Functional Markets: Analytics and BI, Collaboration, CRM, ERP Financial, ERP Services and Operations,
Key Verticals: Banking and Financial Services, Real Estate,
VTS (ex Hightower) Key Enterprise and Cloud Applications
VTS Lease
VTS (ex Hightower) Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
VTS (ex Hightower) Revenue Breakdown By Type, $M:
VTS (ex Hightower) Enterprise Applications Revenues By Functional Markets, $M:
VTS (ex Hightower) Enterprise Applications Revenues By Verticals, $M:
VTS (ex Hightower) Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
VTS (ex Hightower) Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
VTS (ex Hightower) Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified VTS (ex Hightower) Customers
No. of VTS (ex Hightower) Customers: x
No. of VTS (ex Hightower) Enterprise Applications Customers: x
No. of VTS (ex Hightower) Cloud Customers: 45000
No. of VTS (ex Hightower) Cloud Subscribers: 45000
Among their customers are, Rexford Industrial, Landsec, Granite Properties, MRP Realty, Boston Properties, Hartz Mountain Industries, Merrit Properties, Blackstone, Denholtz Associates, Nicola Crosby Real Estate, Kennedy Wilson Europe, Arcis Investments, National Real Estate Advisors, The Ardent Companies, Tritower Financial Group, JLL, CBRE, and many others.
VTS (ex Hightower) Market Opportunities, M&A and Geo Expansions
In 2022 VTS announced their Series E funding round totaling over $125 million. This is the largest round of capital they’ve ever raised and is being led by existing VTS investor CBRE, alongside Brookfield Ventures, Insight Venture Partners, Bessemer, and new investors BentallGreenOak and AmTrust Financial.
VTS (ex Hightower) Risks and Challenges
The Commercial Real Estate Software market is poised for growth in the coming years, with numerous developments expected in this sector. Therefore, VTE must remain vigilant and adapt to the evolving market changes.
VTS (ex Hightower) Ecosystem, Partners, Resellers and SI
VTS has declared the extension of its collaboration with MRI Software, a prominent global provider of real estate solutions. This significant partnership facilitates a mutual integration linking VTS Lease and MRI Commercial Management, ensuring a comprehensive exchange of portfolio and financial data between the two platforms.
VTS (ex Hightower) Cloud Infrastructure Insights
Subscribe to read more about:
- VTS (ex Hightower) Public Cloud and Infrastructure (IaaS)
- VTS (ex Hightower) Platform (PaaS)
- VTS (ex Hightower) Application Delivery
- VTS (ex Hightower) Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/About Ushttps://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
