The U.S. real estate software and data firm paid about US$200 million, The Wall Street Journal reported, citing people familiar with the matter. Lane CEO Clint Robinson would not confirm or deny the terms of the deal in an email to The Logic. As part of the acquisition, Robinson will join VTS as a managing director. (The Logic, The Wall Street Journal)
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The U.S. real estate software and data firm paid about US$200 million, The Wall Street Journal reported, citing people familiar with the matter. Lane CEO Clint Robinson would not confirm or deny the terms of the deal in an email to The Logic. As part of the acquisition, Robinson will join VTS as a managing director. (The Logic, The Wall Street Journal)
Talking point: The deal comes as more workers are expected to return to offices. Founded in 2014, Lane creates tenant-management platforms for real estate companies worldwide including Brookfield Properties, Oxford, and Hines. One of Lane’s star products, Lane Perks, provides building occupants with access to a private network of promotions, events, products and services. The company has grown rapidly during the pandemic, raising $10 million in Series A funding in June 2020 before acquiring a concierge-services company called eServus that September.
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