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Northspyre Bolsters Platform with Enterprise Edition After Year of Transformative Product Innovation

1. Northspyre launched Enterprise Edition for larger development firms. 2. This platform enhances operational efficiency and cost management. 3. Over $50 billion in capital projects facilitated in 2024 alone. 4. Integration of AI and automation offers competitive advantages for developers. 5. Focus on compliance and precise controls aids larger organizations.

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Why Bullish?

The platform's growth indicates increased demand for tech-driven efficiencies. Similar trends in tech adoption have historically benefitted related stocks.

How important is it?

The launch addresses industry needs, which could improve overall market conditions.

Why Long Term?

Sustained innovation and adoption suggest lasting influence. Past technology integrations in real estate have led to extended growth periods.

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NEW YORK--(BUSINESS WIRE)--Northspyre, the only end-to-end real estate development management platform, today announced the launch of Enterprise Edition, a new packaging option designed to help larger development firms improve operational efficiency, reduce development costs, and meet strict compliance requirements with flexible, precise controls. The announcement comes after a year of product growth and expansion for the company. Northspyre continues to pioneer innovation in real estate technology, introducing a pair of add-on products last year developed through customer feedback to meet market needs and address developers’ unique challenges. Complex Capital Management simplifies project delivery and reduces risk for developers managing projects with non-traditional capital stacks and complex source requirements, including LIHTC. Portfolio Analytics Plus delivers advanced analytics tools, including Compare and Portfolio Capital Planning, for executives to accelerate portfolio performance, inform stronger investment strategies, and fuel long-term business growth. The company also released Northspyre AI in 2024, the industry's first generative AI tool that drives down costs by identifying saving opportunities and scope gaps in the bidding process. “While real estate development has started to rebound amid interest rate declines, it is more important now than ever for development teams to implement technology that will make their organizations more resilient and better equipped to make data-informed decisions that improve project costs and overall budget management through future market turbulence,” said William Sankey, CEO and co-founder of Northspyre. “As new opportunities arise, it's time for developers to work smarter, not harder – harnessing the power of their data and innovations like AI and automation to stay ahead in an increasingly competitive market.” Since its founding in 2017, Northspyre has primarily focused on helping small and mid-sized firms modernize development operations. Now, Northspyre will bring the power of its platform to enterprise customers – from full-service development firms and corporate real estate teams to institutions and infrastructure renewables. Enterprise Edition provides the same benefits as Pro Edition, plus advanced customization, administration, and integration tools required by large and enterprise organizations. This packaging tier will enable large organizations to become more agile and efficient while maintaining the highest levels of compliance and control. Key features of the Enterprise Edition include: Custom Roles & Permissions: Enables project leads to manage who can see and interact with specific data by building and assigning custom authorization roles tailored to individual responsibilities, helping streamline workflows while maintaining accountability and security. Northspyre API: Using Open API technology teams can seamlessly connect Northspyre with enterprise apps in their existing tech stacks, enabling data to securely flow between systems. Single Sign-On (SSO): Equips team to access Northspyre through their preferred SSO solution to keep data secure and control access. Budget Transaction Approvals: Empowers teams to automatically send proposed budget changes through a custom approval workflow for final sign-off to maintain control without creating costly bottlenecks. Multi-Project Reporting: Aggregates data across multiple projects–managed and tracked separately–into a single draw request or other report. Draw Approvals: Allows teams to evaluate who has approved a draw before it is sent to financial partners with custom approval flows at the end of each requisition period. Invoice Approvals Report: Automatically generates PDF reports documenting approvals for each invoice with the option to include said reports in a draw package, ensuring accountability across large organizations. The announcement of Enterprise Edition follows a year of notable platform growth for Northspyre. In 2024 alone, development teams have used the platform to facilitate more than $50 billion in capital projects and over $200 billion since the company’s inception in 2017. As the industry’s only purpose-built intelligence platform for real estate development management, Northspyre is building on this momentum in 2025, with several exciting new developments on the roadmap. About Northspyre Northspyre, the only end-to-end real estate development management platform, empowers developers to make smarter investment decisions with data-driven insights and collaborative workflows. Through automation, analytics, and AI, Northspyre gives teams the real-time information, performance insights, and workflow tools they need to do their job with unparalleled speed and intelligence. By bringing project stakeholders, data, and processes together all on one integrated platform, Northspyre eliminates expensive silos in the development lifecycle, making project delivery simple and outcomes more predictable. Since 2017, Northspyre has been the backbone of operational infrastructure for leading development firms, supporting over $200 billion in projects.

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