VTS acquires PropertyCapsule
Commercial real estate leasing and asset management platform, VTS, has acquired PropertyCapsule, a marketing automation and prospecting software provider.
As part of the acquisition, Thomas Byrne, CEO of PropertyCapsule, is to join the VTS team in the newly created position of General Manager, Retail Products and Data, where he will oversee the strategic direction and delivery of VTS’ retail product offerings.
Nick Romito, co-founder and CEO of VTS, says: “The PropertyCapsule team has done an amazing job creating a best-in-class, innovative marketing and prospecting platform for leading retail landlords and brokerages and I’m thrilled to welcome them to the VTS family. VTS is investing heavily in the retail sector and the combination of PropertyCapsule’s strong market traction and the deep experience of the team made this acquisition an obvious decision.”
VTS’ acquisition of PropertyCapsule will allow VTS to offer comprehensive leasing management solutions for retail landlords.
Thomas Byrne, CEO of PropertyCapsule and new General Manager, says: “We couldn’t be more excited to join the VTS and continue to build the most powerful solutions for retail landlords. Joining forces with VTS puts us in a position to accelerate growth and continue to deliver software that helps retail owners and brokers market and lease their centres to the changing demand in the market.”
Ryan Masiello, co-founder and Chief Strategy Officer at VTS, says: "We’ve been fans of Thomas and the PropertyCapsule team for a long time. There's no doubt that having them join VTS will be of tremendous value to our retail clients."