Intapp, a leading global provider of AI-based solutions for professionals at advisory, capital markets, and legal firms, has signed an agreement to buy TermSheet, a software provider for real estate teams. TermSheet is an affiliate of Kansas City-based investment firm Platform Ventures. The deal is subject to regular and customary closing conditions and is expected to close within the next 45 days.
The unified solution will offer an advanced operating system for every aspect of the real assets investment lifecycle. Using data-driven insights and Applied AI, it will foster firm growth by streamlining operations and accelerating the execution of investment strategies.
Intapp will bring in the TermSheet team, including founders Roger Smith and Sahil Rattan. TermSheet’s experts have extensive and diverse real assets and investing experience, across a team of research and development, engineering, relationship management, client support, and services specialists.
These advanced capabilities for DealCloud and TermSheet will be introduced after close, with the unified solution, which combines the best of both platforms, following closely behind. After launched, the unified solution will be made available to current DealCloud and TermSheet clients, without the need for additional purchase. Intapp will host regular webinars for clients showcasing progress against the roadmap.
KEY QUOTES:
“This acquisition is an investment in better serving the tens of thousands of firms in the real assets market. 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.”
– Erin Guinan, General Manager of DealCloud at Intapp
“We’re seeing an increased demand from real asset managers for digital transformation, as our clients tell us that market competition requires them to work smarter than ever before. 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.”
– Frank Spadafora, Industry Principal for Real Estate at Intapp
“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.”
– Roger Smith
“Combining Intapp and TermSheet will create an unmatched team and technology platform focused on real assets. With Intapp’s size and resources, we can further accelerate innovation and bring new features to market faster.”
– Sahil Rattan
