LONDON, UNITED KINGDOM--(Marketwired - Sep 15, 2016) - VTS, the industry's leading leasing and asset management platform, today announced a partnership with Trace Solutions, a UK-based property management software. With the partnership, Trace Solutions will integrate into the VTS platform giving VTS' UK and European customers the local customizations they need. As a result, VTS and Trace Solutions customers will be able to sync all of their financial and property management data directly on the VTS platform for a streamlined workflow and better decision-making abilities.
"Before entering the UK and European markets, we heard from local landlords and agents who were tired of their inefficient workflow, made up of multiple, disjointed technology and data services. To best serve this market with our integrated platform, VTS made investments to tailor the product to specific local needs and grow our local support teams," said Ryan Masiello, CRO, VTS. "Our partnership with Trace Solutions is illustrative of our commitment to the UK and European markets and delivering the best possible product for customers here."
"Trace Solutions is committed to continuously pushing the envelope with regards to what is possible with data technology," said Graham Davies, managing director, Trace Solutions. "VTS shares this commitment. Combined, our customers will get a streamlined view of everything they need to know to manage their properties, from financial data to property management information. This powerful partnership means customers can make more well-informed decisions for their businesses, faster."
As VTS has tailored its product for the nuances of the UK market, the company has seen massive growth. VTS opened its European headquarters in London nine months ago and now hosts more than 60 million square feet of UK-based commercial real estate. Founded in 2012, VTS is the most well-funded company in commercial real estate technology, with a total of $84M in capital and more than 3 billion square feet of property managed on its platform. This includes more than 17,600 buildings and 13,000 users worldwide.
"We believe the real value for the property industry is in helping to remove the existing silos and integrate client data across technologies through a single platform," said Charlie Wade, UK Managing Director, VTS. "Clearly, this is a vision we share with Trace Solutions. The partnership will enable our customers, with confidence, to utilise real time market intelligence in managing their existing portfolio."
For more information, visit vts.com.
VTS is the world's leading asset management and leasing platform built to provide real-time portfolio analytics to the top landlords and brokerage firms in the world. VTS allows agents and landlords to manage deal activity, identify trends and quantify portfolio performance from their desktop or mobile device. With 3 billion square feet under management, VTS is the driving force behind the industry's shift towards real-time data and is quickly becoming the market standard. For more information, visit vts.com.
About Trace Solutions
Trace Solutions was formed over 40 years ago, and was the first British company to computerise the intricate processes involved in property management. As such, we defined many of the standards that still govern the industry today and as leaders in the field we're often asked to guide industry-wide initiatives such as OSCRE. Since April 2010 Trace Solutions has been wholly-owned by its employees, a development which has, quite simply, reinvigorated the company's approach to all its activities. Once again we're pushing the boundaries in property management software, while retaining our legendary belief in customer service.