Intapp announces plan to acquire TermSheet
Intapp (NASDAQ: INTA) has announced plans to acquire TermSheet, a software provider for real estate teams and an affiliate of Platform Ventures. The acquisition, expected to close within 45 days, aims to create an advanced operating system with Applied AI for real assets investors, advisors, and operators.
The unified solution will combine Intapp DealCloud and TermSheet to deliver a comprehensive platform for the real assets investment lifecycle, focusing on streamlining operations and accelerating investment strategy execution. TermSheet founders Roger Smith and Sahil Rattan, along with their team, will join Intapp.
Following the acquisition, advanced capabilities will be introduced for both platforms, with a unified solution combining the best features of both systems. Current DealCloud and TermSheet clients will have access to the unified solution without additional purchase.
Intapp (NASDAQ: INTA) ha annunciato piani per acquisire TermSheet, un fornitore di software per team immobiliari e un'affiliata di Platform Ventures. L'acquisizione, prevista per chiudersi entro 45 giorni, mira a creare un sistema operativo avanzato con AI applicata per investitori, consulenti e operatori di beni reali.
La soluzione unificata combinerà Intapp DealCloud e TermSheet per offrire una piattaforma completa per il ciclo di vita degli investimenti in beni reali, concentrandosi sull'ottimizzazione delle operazioni e sull'accelerazione dell'esecuzione delle strategie di investimento. I fondatori di TermSheet, Roger Smith e Sahil Rattan, insieme al loro team, si uniranno a Intapp.
Dopo l'acquisizione, saranno introdotte capacità avanzate per entrambe le piattaforme, con una soluzione unificata che combina le migliori caratteristiche di entrambi i sistemi. I clienti attuali di DealCloud e TermSheet avranno accesso alla soluzione unificata senza costi aggiuntivi.
Intapp (NASDAQ: INTA) ha anunciado planes para adquirir TermSheet, un proveedor de software para equipos inmobiliarios y una afiliada de Platform Ventures. Se espera que la adquisición se cierre en un plazo de 45 días y tiene como objetivo crear un sistema operativo avanzado con IA aplicada para inversores, asesores y operadores de activos reales.
La solución unificada combinará Intapp DealCloud y TermSheet para ofrecer una plataforma integral para el ciclo de vida de la inversión en activos reales, centrándose en optimizar las operaciones y acelerar la ejecución de estrategias de inversión. Los fundadores de TermSheet, Roger Smith y Sahil Rattan, junto con su equipo, se unirán a Intapp.
Tras la adquisición, se introducirán capacidades avanzadas para ambas plataformas, con una solución unificada que combina las mejores características de ambos sistemas. Los clientes actuales de DealCloud y TermSheet tendrán acceso a la solución unificada sin compras adicionales.
Intapp (NASDAQ: INTA)는 TermSheet를 인수할 계획을 발표했습니다. TermSheet는 부동산 팀을 위한 소프트웨어 제공업체이며 Platform Ventures의 계열사입니다. 이번 인수는 45일 이내에 마무리될 예정이며, 실제 자산 투자자, 자문사 및 운영자를 위한 적용된 AI를 갖춘 고급 운영 시스템을 만드는 것을 목표로 하고 있습니다.
통합 솔루션은 Intapp DealCloud와 TermSheet를 결합하여 실제 자산 투자 생애 주기를 위한 종합 플랫폼을 제공하며, 운영을 간소화하고 투자 전략 실행을 가속화하는 데 중점을 둡니다. TermSheet의 창립자인 Roger Smith와 Sahil Rattan, 그리고 그들의 팀은 Intapp에 합류할 것입니다.
인수 이후, 두 플랫폼 모두를 위한 고급 기능이 도입되며, 두 시스템의 최상의 기능을 결합한 통합 솔루션이 제공됩니다. 현재 DealCloud 및 TermSheet 고객은 추가 구매 없이 통합 솔루션에 접근할 수 있습니다.
Intapp (NASDAQ: INTA) a annoncé son intention d'acquérir TermSheet, un fournisseur de logiciels pour les équipes immobilières et un affilié de Platform Ventures. L'acquisition, qui devrait se conclure dans un délai de 45 jours, vise à créer un système d'exploitation avancé avec de l'IA appliquée pour les investisseurs, conseillers et opérateurs d'actifs réels.
La solution unifiée combinera Intapp DealCloud et TermSheet pour offrir une plateforme complète pour le cycle de vie des investissements dans les actifs réels, en se concentrant sur l'optimisation des opérations et l'accélération de l'exécution des stratégies d'investissement. Les fondateurs de TermSheet, Roger Smith et Sahil Rattan, ainsi que leur équipe, rejoindront Intapp.
Suite à l'acquisition, des fonctionnalités avancées seront introduites pour les deux plateformes, avec une solution unifiée combinant les meilleures caractéristiques des deux systèmes. Les clients actuels de DealCloud et TermSheet auront accès à la solution unifiée sans achat supplémentaire.
Intapp (NASDAQ: INTA) hat Pläne angekündigt, TermSheet zu übernehmen, einen Softwareanbieter für Immobilien-Teams und ein Affiliate von Platform Ventures. Die Übernahme, die innerhalb von 45 Tagen abgeschlossen werden soll, zielt darauf ab, ein fortschrittliches Betriebssystem mit angewandter KI für Investoren, Berater und Betreiber von Sachwerten zu schaffen.
Die vereinheitlichte Lösung wird Intapp DealCloud und TermSheet kombinieren, um eine umfassende Plattform für den Lebenszyklus von Sachwertinvestitionen bereitzustellen, mit dem Fokus auf der Optimierung von Abläufen und der Beschleunigung der Umsetzung von Investitionsstrategien. Die Gründer von TermSheet, Roger Smith und Sahil Rattan, sowie ihr Team werden zu Intapp stoßen.
Nach der Übernahme werden fortschrittliche Funktionen für beide Plattformen eingeführt, wobei eine vereinheitlichte Lösung die besten Funktionen beider Systeme kombiniert. Aktuelle Kunden von DealCloud und TermSheet haben ohne zusätzliche Käufe Zugang zur vereinheitlichten Lösung.
- Integration creates comprehensive real assets investment platform
- Acquisition strengthens AI capabilities in real estate sector
- No additional costs for existing clients to access unified solution
- Retention of TermSheet's experienced team and founders
- Transaction costs and integration expenses not disclosed
- Acquisition subject to closing conditions with execution risk
Insights
Intapp's acquisition of TermSheet represents a strategic expansion of its product portfolio into a targeted vertical market. The deal specifically enhances Intapp's DealCloud platform by integrating specialized real estate capabilities, creating a comprehensive operating system for real assets investors.
The strategic rationale focuses on addressing the digital transformation needs of real estate asset managers who face increasing competitive pressure. By combining DealCloud's existing capabilities with TermSheet's specialized real estate solutions, Intapp is positioning itself to deliver an AI-enhanced operating system that spans the entire real assets investment lifecycle.
A significant component of this acquisition is the talent integration, with TermSheet's founding team and specialists joining Intapp. This team brings specialized domain expertise that should accelerate Intapp's penetration of the real assets market.
The integration approach appears customer-friendly, with plans to make the unified solution available to existing clients of both platforms without additional purchase requirements. This suggests a focus on customer retention and potential future upsell opportunities rather than immediate revenue extraction from the existing client base.
While financial terms weren't disclosed, this acquisition aligns with Intapp's strategy of expanding its vertical-specific solutions for professional services firms. The mention of "tens of thousands of firms in the real assets market" indicates a substantial addressable market opportunity that could drive future growth.
This acquisition creates meaningful technological synergy between Intapp's AI-powered solutions and TermSheet's real estate-focused platform. The combined offering addresses a significant gap in the commercial real estate technology landscape where many processes remain manual and disconnected.
The emphasis on applying data-driven insights and Applied AI points to capabilities that can genuinely improve operational efficiency. Real assets managers typically struggle with fragmented data across multiple systems, making it difficult to derive actionable intelligence. An integrated platform that standardizes and leverages this data represents genuine value.
The integration roadmap appears well-structured, with plans to introduce advanced capabilities for both platforms before launching a unified solution. This phased approach reduces implementation risks while allowing customers to realize incremental benefits throughout the integration process.
The commitment to maintain support for existing clients without requiring additional purchases demonstrates confidence in the long-term value proposition. It also suggests that Intapp sees greater strategic value in market expansion and platform adoption than in immediate revenue from existing customers.
The technical talent acquisition component shouldn't be overlooked - bringing in TermSheet's engineering and R&D teams provides specialized domain expertise that would be difficult to develop organically, potentially accelerating Intapp's innovation timeline in the real assets vertical.
Acquisition will create an advanced operating system with Applied AI to help improve returns for real assets investors, advisors, and operators
PALO ALTO, Calif., April 11, 2025 (GLOBE NEWSWIRE) -- Intapp (NASDAQ: INTA), a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, today announced that it has signed an agreement to acquire TermSheet, a provider of software for real estate teams. TermSheet, LLC is an affiliate of Platform Ventures, a Kansas City-based investment firm. The transaction is subject to regular and customary closing conditions and is expected to close within the next 45 days.
“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.”
Additionally, Intapp will welcome 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.
“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 Smith.
“Combining Intapp and TermSheet will create an unmatched team and technology platform focused on real assets,” said Rattan. “With Intapp’s size and resources, we can further accelerate innovation and bring new features to market faster.”
Advanced capabilities for both DealCloud and TermSheet will be introduced after close, with the unified solution, which combines the best of both platforms, following closely behind. Once 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.
About Intapp
Intapp software helps professionals unlock their teams’ knowledge, relationships, and operational insights to increase value for their firms. Using the power of Applied AI, we make firm and market intelligence easy to find, understand, and use. With Intapp’s portfolio of vertical SaaS solutions, professionals can apply their collective expertise to make smarter decisions, manage risk, and increase competitive advantage. The world's top firms — across accounting, consulting, investment banking, legal, private capital, and real assets — trust Intapp’s industry-specific platform and solutions to modernize and drive new growth. For more information, visit intapp.com and connect with us on LinkedIn.
Contact
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press@intapp.com
FAQ
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