[IMGCAP(1)]

NEWPORT BEACH, CA-GlobeSt.com has learned exclusively that VerticalPoint Solutions LLC has launched DealKube, the “ultimate deal app,” which is built specifically to manage real estate transactions. The software is designed to manage any property type through the entire deal cycle, from due diligence to negotiations and closings.

DealKube provides business intelligence that offers a competitive advantage in the current market, where accuracy and speed are essential to winning a deal. With real-time deal data accessible from anywhere on any device, users have what they need to make fast, data-driven decisions, according to the company.

VerticalPoint cofounder and CEO Roger Cohen tells GlobeSt.com that the inspiration for DealKube “came out of 20 years of doing $10 billion of real estate deals and dealing with capital markets and loan workouts. I was a real estate attorney and used to do deals that were so complicated it took a flow chart to figure them out. I used to joke that I was an engineer trapped in a real estate attorney's body.”

Cohen says one deal took four years to complete. “I wish I'd had the tools I have today back then.”

[IMGCAP(2)]

DealKube is the first product launched by the firm, a collaboration between Cohen and Simeon Cathey, VerticalPoint's chief technology strategist, who is a founding member of the SharePoint team at Microsoft. DealKube employs SharePoint 2013 in the cloud and was created by a seasoned team of SharePoint developers and real estate deal experts, including CEOs of multi-billion-dollar real estate finance companies and REITs, attorneys and innovative software developers.

“Due to its widespread availability in the corporate world and integration with familiar MS Office products, SharePoint is the perfect platform to collect, manage and access large volumes of transaction data and documents that are commonplace in commercial real estate deals,” says Cathey.

Using DealKube, all sides of the transaction can gain access to necessary data and documents at the appropriate time in the deal cycle and have the ability to make changes to documents in a time-efficient manner. At various points in the transaction, the buyer, seller, lender and borrower teams can move from the negotiation room to the closing room—there's even an alert that tells them when to stop negotiating.

“Getting people to agree faster saves a lot of money,” says Cohen. “If they could get these things done faster and with less expense, the whole industry would be a lot healthier. DealKube creates a nice, clean process that accelerates deals where everyone is invited.”