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VTS to buy retail software platform Property Capsule

View The Space Inc., or VTS, which provides a leasing and asset management platform to the commercial real estate industry, agreed to acquire retail software platform Property Capsule Inc. for an undisclosed sum.

As part of the deal, Property Capsule CEO Thomas Byrne will join the VTS team as general manager of retail products and data.

The deal was valued at $20 million, Bloomberg News reported, citing an unnamed source.