Intapp to Acquire TermSheet
Deal News | Apr 11, 2025 | Globenewswire
Intapp, a leading global provider of AI-powered solutions for professionals in various advisory sectors, has signed an agreement to acquire TermSheet, a software provider for real estate teams. TermSheet, an affiliate of Platform Ventures, will complement Intapp's existing DealCloud product to create a more robust operating system for the commercial real estate industry. The acquisition aims to meet the increasing demand for digital transformation in the real assets market by offering a unified solution that enhances the investment lifecycle through automation and Applied AI. The TermSheet team, including founders Roger Smith and Sahil Rattan, will join Intapp, bringing their expertise in research, development, and client management. The deal is expected to close within 45 days, subject to customary conditions. This strategic move will enable Intapp to deliver enhanced features and foster firm growth by improving execution against investment strategies.
Sectors
- Information Technology
- Real Estate
- Investment and Capital Markets
Geography
- United States – Intapp is based in Palo Alto, California, and TermSheet is associated with Platform Ventures in Kansas City, contributing to the U.S. relevance.
Industry
- Information Technology – The acquisition involves software solutions, particularly AI-powered tools, which classify the deal under the Information Technology industry.
- Real Estate – TermSheet offers software for real estate teams, making the Real Estate industry relevant to the article.
- Investment and Capital Markets – Intapp and TermSheet serve professionals in advisory, capital markets, and real assets, aligning with the Investment and Capital Markets industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Intapp | Acquiring Company | Company | A global provider of AI-powered solutions for advisory, capital markets, and legal firms. |
| TermSheet | Target Company | Company | A provider of software for real estate teams. |
| Platform Ventures | Selling Company | Company | A Kansas City-based investment firm affiliated with TermSheet. |
| Erin Guinan | General Manager of DealCloud at Intapp | Person | Responsible for overseeing the integration with TermSheet. |
| Frank Spadafora | Industry Principal for Real Estate at Intapp | Person | Provides insights into the demand for digital transformation in the real asset market. |
| Roger Smith | Founder of TermSheet | Person | Will join Intapp as part of the acquisition with a focus on delivering integrated solutions. |
| Sahil Rattan | Founder of TermSheet | Person | Will join Intapp as part of the acquisition to enhance technological innovation. |