Intapp to acquire TermSheet, boosting the asset investment lifecycle with applied AI

Intapp, a leading global provider of AI-powered solutions for professionals at advisory, capital markets, and legal firms, is acquiring TermSheet, a provider of software for real estate teams, offering a unified solution that 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, according to the vendors.

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.”

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 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,” 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.”

“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, the companies said.

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.

For more information about this news, visit www.intapp.com.