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Deals & Dealmakers

VTS now managing over 2 billion s/f, eyes further growth

Portfolio tracking system VTS announced that it is now used to manage more than two billion square feet of commercial space in the US and around the world.

The market penetration surpasses the company’s year end goal for the platform that allows for clear communication between brokers and landlords.

More than 5,000 brokers currently VTS and the company has strategic partnerships with CBRE and Blackstone.

VTS also announced the hire of Charles Hough as its first chief operating officer.

Hough, previously senior vice president and general manager for Asia Pacific at San Francisco-based Lithium Technologies, will oversee VTS’ domestic and global expansion.

He brings more than 20 years of leadership experience in enterprise software and big data analytics, helping startups such as Lithium and Interwoven grow into market leaders.

Nick Romito, co-founder and CEO of VTS, said Hough’s “vast experience overseeing rapid growth of both technical and business teams in several successful startups will undoubtedly accelerate our expansion into new and existing markets.”

In the last six months, VTS has signed on new customers including Tishman Speyer, The Davis Companies, Clarion, RMR and American Assets Trust.

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