The total amount of square feet managed on the VTS platform globally jumped 116% in just one year as commercial real estate landlords and agents accelerated adoption of VTS and PropTech.
London, 23 May 2018 – VTS, the leading leasing and asset management platform for the commercial real estate industry, today announced a record first quarter with a 116% global increase in square feet managed on the platform since Q1 2017, taking the total to over 7 billion square feet.
Over the same period in Europe, square footage grew by 348% with a total of 480 million square feet now being managed on VTS. Commercial property landlords including Astrea, British Land, Canary Wharf, and Cromwell are among the lastest firms to adopt VTS. Additionally, 830% growth in the number of buildings on VTS takes the count to more than 5,000 office, retail, and industrial properties across 19 countries in Europe. The total number of users also increased by a staggering 328% over the last 12 months – a sign that Europe is embracing PropTech and choosing VTS to accelerate adoption.
The European team’s achievements continue to be recognised by the industry. The firm recently won the ‘Fastest Growing Business’ Award at the UK PropTech Awards, hosted by the UK PropTech Association, and the Annual PROPs Awards ‘Proptech Company of the Year’ accolade.
In addition to this strong market momentum, VTS also announced the expansion of its leadership team with the hiring of seasoned Silicon Valley marketing executive, Amy Millard, as its first Chief Marketing Officer (CMO).
“We saw tremendous growth in Q1 for VTS, with accelerated momentum globally. VTS delivers real value and the market is responding,” said Nick Romito, CEO and Co-Founder, VTS.
“As our growth has accelerated, we felt the time was right to expand our leadership team, hiring Amy Millard as CMO. She brings tremendous SaaS marketing and leadership experience with her, along with a passion for growing and mentoring high-performing teams. We are thrilled to have her join the VTS family as we enter our next phase.”
Amy Millard brings nearly 20 years of marketing experience to VTS and has spent the majority of her career building revenue-focused business and marketing strategies at enterprise software companies in Silicon Valley as well as in the UK. Most recently, she was CMO at Spigit, the largest provider of ideation management software with over 6.5 million users across 500 global firms. Amy’s prior positions include Vice President of Marketing at Support.com and Vice President of Marketing at Hearsay Social.
“VTS is solving the most painful challenges facing commercial real estate professionals, who for a long time have not had access to the calibre of technology built for other industries such as finance or telecommunications. VTS is fundamentally transforming the global commercial real estate industry, and I’m incredibly excited to join the team at this pivotal moment for both VTS and the broader industry,” said Amy Millard, CMO, VTS.
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VTS is the commercial real estate industry’s leading leasing and asset management platform. Landlords use VTS to maximise portfolio performance by transforming their leasing and asset management processes, enabling them to acquire the right tenants faster, sign the right deals at the best economics, and optimise the renewal process – reducing costly void. Agents can manage their deal pipeline and get tenants into empty spaces faster, collaborate across teams and work easily with their landlord clients on the VTS platform.
The VTS platform manages over 7 billion square feet and a user base exceeding 28,000, boasting an impressive client roster that includes top names such as The Crown Estate, Landsec, Aberdeen Investment Management, Blackstone, JLL, CBRE, and Knight Frank.
For more information about VTS, please visit www.vts.com.