VTS Is Acquiring Lane — Solidifying Our Position as #1 Global Tenant Experience Platform
Over the last two years, I’ve spoken with many of the owners of the 80,000 buildings managed on VTS across the globe. And there’s no overstating that in the coming months and years, landlords have a bigger opportunity than ever to connect with their customers — their tenants — more closely than ever before. From those conversations, I’ve also learned that tenant experience is the critical solution for them to deliver on that opportunity as they help tenants get back into the office effectively, and enthusiastically, in this new world.
At VTS, we’ve been investing heavily in redefining this tenant experience to help landlords tackle both the operational and tenant engagement pieces of tenant experience needed to navigate this impending return to work. That said, on the tail of our acquisition of Rise Buildings, now VTS Rise, earlier this year, we’re doubling down on this investment.
I’m excited to announce that today we will officially be acquiring Lane Technologies, the workplace experience platform used by top landlords, including Brookfield, Oxford Properties Group, and Hines. With this acquisition, we’ve solidified our position as the #1 tenant experience platform in the world and can offer our customers unprecedented support in helping them navigate the “return to office”. You can check out the news in the Wall Street Journal here!
The value our customers already receive from our platform with the new added capabilities from Lane will be more critical than ever as landlords focus on renewing existing tenants and leasing space in what will continue to be a highly competitive market.
At VTS, we’re honored to offer the best-in-class tenant experience technology — enabling VTS Rise and Lane customers to benefit from the combined technologies through a seamless experience. By acquiring Lane, we’ll add new tenant engagement capabilities to VTS Rise, including Lane Perks that truly delight and engage tenants. And with the power of all three platforms integrated into one, you and your teams will be able to connect with your tenants across the entire asset lifecycle — from when they first tour your building, to the day they become a tenant and every day onward, with every component being fully integrated into the VTS platform. We can’t wait to show you what your leasing, asset management, and property teams now have access to!
As part of the acquisition, I’m pleased to welcome Clint Robinson, CEO of Lane, and his entire team to the VTS family. Check out the video below to hear me, Clint, and Prasan Kale, Managing Director of VTS Rise, explain the continued momentum around our tenant experience offering and why we’re so excited for what’s to come:
With the addition of Lane, our tenant experience offering is the largest and most-adopted platform available in the market: with three million addressable users across 1,400 buildings in 13 countries using the combined technologies. We’ll also have the largest combined team that’s fully dedicated to tenant engagement and adoption across our customers’ properties. And we’re accelerating our global expansion: this acquisition triples our presence in Canada with now over 160 Toronto-based employees.
For more information on VTS Rise, visit www.vts.com/vts-rise.
You can read the official announcement here.