VTS NAMED TO THE 2021 FORBES CLOUD 100 FOR THE THIRD CONSECUTIVE YEAR
VTS, the commercial real estate industry’s (CRE) leading leasing, marketing, and asset management platform, today announced it has been named to the 2021 Forbes Cloud 100, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures. VTS is changing the way that commercial real estate (CRE) does business — disrupting a $15 trillion industry by becoming the modern operating system for CRE— one of the world’s largest and least tech-enabled asset classes, offering solutions for office, retail and industrial owners and driving the industry-wide shift towards using real-time data to make portfolio decisions.
“We’re honored to once again be named to the Forbes Cloud 100 at a time when technology has proved to be essential for commercial real estate to navigate the uncertainty the COVID-19 pandemic has presented,” said Nick Romito, CEO of VTS. “Now more than ever, tech has earned its place within CRE, and we’re proud that our products have provided the technology, support, and guidance they’ve needed to weather the storm. A special thank you to our team who have continued to innovate, develop, and deliver. This recognition is a true testament to their hard work and tenacity.”
Following what was one of the most challenging years for the CRE industry in recent history, VTS continued to be a valuable resource for its customer base, which includes more than 45,000 commercial real estate professionals including respected industry leaders Blackstone, Brookfield Properties, LaSalle Investment Management, Hines, Boston Properties, Oxford Properties, JLL, and CBRE. In June 2020, VTS launched VTS Market & Marketplace, the CRE industry’s first integrated, online marketing platform that enables landlords and their agency teams to market and lease their available spaces remotely for the first time. In October 2020, VTS released VTS Data, the industry’s only pulse on what’s happening in the market today, capturing active tenant demand and projecting future supply fluctuations. In December 2020, VTS launched its free monthly VTS Office Demand Index (VODI), the earliest available indicator of forthcoming office leases and tenant sentiments, locally and nationally, representing up to 99-percent of new demand for office spaces within the core seven markets, including New York City, Los Angeles, Washington D.C., San Francisco, Boston, Chicago, and Seattle.
In addition to the numerous, highly-anticipated product launches announced throughout the pandemic to help landlords weather the storm and navigate their portfolios, in March 2021, VTS entered into an agreement to acquire Rise Buildings, a property operations and tenant experience technology company used by top landlords including Blackstone, Hines, and CIM Group. In July 2021, VTS announced that the newly acquired product, now branded as VTS Rise, has become the most adopted tenant experience technology in proptech as VTS customers chose VTS Rise for their portfolios. As of July 1, 2021, over 300 million square feet in 161 cities and over 500 buildings worldwide are managed on VTS Rise.
For the sixth straight year, the Cloud 100 reviews submissions from hundreds of cloud startups and private companies each year. The Cloud 100 evaluation process involved ranking companies across four factors: market leadership (35-percent), estimated valuation (30-percent), operating metrics (20-percent), and people & culture (15-percent). For market leadership, the Cloud 100 enlists the help of a judging panel of 34 public cloud company CEOs who assist in evaluating and ranking their private company peers.
“The companies of the Cloud 100 list represent the best and brightest emerging companies in the cloud sector,” said Alex Konrad, senior editor at Forbes. “Every year, it gets more difficult to make this list — meaning even more elite company for those who do. Congratulations to each of the 2021 Cloud 100 honorees and to our 20 Rising Stars up-and-comers poised to join their ranks.”
“The private cloud ecosystem continues to see historic rates of digital transformation,” said Byron Deeter, partner at Bessemer Venture Partners. “Private cloud valuations are getting bigger as the market’s appetite for cloud continues to grow. These founders represent the absolute best in cloud computing today, and they appear likely to follow in the footsteps of our esteemed Cloud 100 alumni. Congratulations to these cloud leaders!”
“How we work has undergone a paradigm shift and businesses of all shapes and sizes are reimagining the tools that are needed to ensure working from anywhere is a sustainable, long-lasting solution,” said Alex Kayyal, Managing Partner, Salesforce Ventures. “The last 18 months have made digital transformation an urgent imperative and the cloud has never been more pivotal in powering our new digital economy. The companies on this list represent the leaders and businesses shaping the future of the cloud ecosystem and we are excited to partner with Bessemer Venture Partners and Forbes to honor these trailblazers of the industry.”
The Forbes 2021 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100. Highlights of the list appear in the September 2021 issue of Forbes magazine.
The Cloud 100 and the 20 Rising Stars companies are publicly recognized at this year’s virtual Cloud 100 experience, hosted by Bessemer Venture Partners, Salesforce Ventures, and Forbes on August 10th at thecloud100.com. A special thank you to virtual event sponsors Amazon Web Services (AWS), Bank of America, Cooley, FuelxMcKinsey, Goldman Sachs, J.P. Morgan, Morgan Stanley, Nasdaq, Qatalyst Partners, Silicon Valley Bank, and WisdomTree.
VTS is commercial real estate’s leading leasing, marketing, asset management, and tenant experience platform where the industry comes to make deals happen and real-time data comes to life. The VTS Platform captures the largest first-party data source in the industry, which delivers real-time insights that fuel faster, more informed decision making and connections throughout the deal and asset lifecycle. VTS Data, the industry’s only forward-looking market dataset, and VTS Market and Marketplace, the industry’s first integrated online marketing solution, give landlords, brokers, and tenants unparalleled visibility into real-time market information and the direct connectivity to execute deals with greater speed and intelligence at every point in the planning, marketing, leasing, and asset management cycle. VTS Rise is the industry’s most comprehensive tenant experience solution, offering occupiers, building operators, and visitors an immersive, tech-enabled experience. More than 60% of Class A office space in the US and 12B square feet of office, retail, and industrial real estate globally is managed on the VTS platform. VTS’ user base includes over 45,000 CRE professionals including respected industry leaders like Blackstone, Brookfield Properties, LaSalle Investment Management, Hines, Boston Properties, Oxford Properties, JLL, and CBRE. To learn more about VTS, and to see our open roles, visit www.vts.com.
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