Proptech firm Waypoint to expand to the East Coast

San Francisco's Waypoint expands to New York City, establishing an office for its East Coast operations

The expansion comes just short of a jolt in growth for the financial, analytics, and management software provider.

In 2018, Waypoint brought thousands of new buildings onto the platform, growing total recurring revenue by 350%, CEO Diane Vrkic said. The company analyzes more than $300 billion in assets under management on the platform.

“As the commercial real estate industry’s first performance management platform, we have a huge responsibility to be a leader in our field. We have really hit our stride this year, partnering with leading commercial real estate investment management firms,” Vrkic said in a statement.

“Having a presence in New York allows us to scale to the needs of these relationships. This helps us more effectively solve our clients’ biggest challenges in order to realize their assets’ full potential. Waypoint’s platform creates measurable value for our clients.”

The company anticipates matching last year's revenue growth rate again this year.

Waypoint is the commercial real estate industry's first Real Estate Performance Platform – a centralized platform for maximizing asset, operational and team performance. It connects your data, process and people to make your teams more productive and help you discover more ways to create value and drive returns. Waypoint is used today by leading commercial real estate firms, and is backed by Altus Group, owner of Argus Enterprise.

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