Intapp, a global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, announced the acquisition of TermSheet, a provider of software for real estate teams.
“This acquisition is an investment in better serving the tens of thousands of firms in the real assets market,” said Erin Guinan, General Manager of DealCloud at Intapp. “Bringing together Intapp DealCloud and TermSheet will deliver a more powerful operating system tailored to the complex needs of the commercial real estate industry and create an unparalleled team of industry experts.”
The unified solution will provide an advanced operating system for every aspect of the real assets investment lifecycle. Using data-driven insights and Applied AI, the solution will foster firm growth by streamlining operations and accelerating execution of investment strategies.
“We’re seeing an increased demand from real assets managers for digital transformation, as our clients tell us that market competition requires them to work smarter than ever before,” said Frank Spadafora, Industry Principal for Real Estate at Intapp. “They need automation to reduce time-consuming processes, and they need access to market and firm intelligence to improve execution against their investment strategies. Together, Intapp DealCloud and TermSheet will deliver an advanced operating system that applies intelligence so clients can better execute across the client lifecycle, improve returns, and foster firm growth.”
“We’re excited to join Intapp to deliver a comprehensive, integrated solution that helps real assets clients capture, standardize, and use key data to accelerate the lifecycle and help execute the next deal,” said Roger Smith, CEO and Co-Founder of TermSheet.
“Combining Intapp and TermSheet will create an unmatched team and technology platform focused on real assets,” said Sahil Rattan, Co-Founder of TermSheet. “With Intapp’s size and resources, we can further accelerate innovation and bring new features to market faster.”
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*Offer ends on Friday, 7th February.
