VTS, a commercial real estate industry technology platform that transforms how strategic decisions are made and executed across the asset lifecycle, has appointed Swaroopa Penikelapati as chief technology officer. In her new role, Penikelapati will lead the entire engineering and IT teams.
As CTO, Penikelapati will partner with VTS’ Chief Product Officer, Gijo Mathew, to build and scale VTS’ entire platform for customers, driven by unique first-party data and insights available only to VTS. The VTS Platform, through proprietary software and data, enables real estate organizations of all sizes to make and execute smarter decisions about spaces, buildings, tenants and markets with unparalleled speed and intelligence.
Most recently, Penikelapati served as the senior vice president of engineering at VTS. She has been with the company for over three years, having been part of the PropertyCapsule acquisition in October 2019. Penikelapati was one of the co-founders of PropertyCapsule and also served as the chief technology officer. Prior to that, she held positions at Dotloop (which was acquired by Zillow in 2015) and Wells Fargo.
“As our platform and customer base expands, it’s imperative that we continue to expand our best-in-class team with top talent who share our collective VTS values,” said Nick Romito, CEO of VTS. “Swaroopa’s strong background in real estate tech, coupled with 20 years of software engineering and development expertise is invaluable to us in delivering essential CRE technology solutions.”
According to 2021 data from McKinsey, women comprise less than 25% of all C-suite positions, and women of color represent only 4% of those positions. In the United States, only 8.4% of chief technology officers roles are held by women.
