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TORONTO - Altrio Inc. announced Tuesday the appointment of Brian McGowan to its board of directors. McGowan brings over 25 years of experience in launching, scaling, and advising high-growth technology companies.
As managing partner of BlueWave Ventures, McGowan has invested in and advised real estate and technology companies. His appointment comes as Altrio recently launched a new version of its deal management platform, Origin, designed for investment sales and mortgage brokers.
"We are thrilled to welcome Brian to our board. His deep understanding of commercial real estate and transaction automation, along with his proven track record scaling technology companies, will be invaluable as we enter the next phase of our ambitious growth strategy," said Raj Singh, CEO of Altrio.
McGowan’s previous experience includes serving as a senior advisor to venture-backed companies such as InvestorFlow, DealCloud (Intapp, NYSE:INTA), and Mercatus (State Street Alpha). He was also CEO of digital real estate transaction platform Peracon, which was acquired by RCM in 2010.
"I’m excited about what Altrio has built and how they are solving problems that have long plagued professionals working in the commercial real estate investment markets," McGowan said in the press release.
Altrio, founded in 2020 and headquartered in Toronto, provides software, data and services to real estate capital markets professionals. The company’s platform helps investors, lenders, brokers and sponsors manage data and automate business processes.
In other recent news, Intapp, Inc. has seen several key developments. Barclays downgraded Intapp’s stock from Equalweight to Underweight, citing concerns over slowing growth, particularly in organic annual recurring revenue, which is expected to trend below 20% and potentially into the teens next year. Stifel also lowered its price target for Intapp to $60 from $65 due to revised estimates for lower on-premise license revenue in fiscal year 2026, although the firm maintains a Buy rating on the stock.
Intapp has announced a strategic collaboration with Snowflake to enhance deal management analytics for advisory, capital markets, and legal firms by integrating Intapp’s DealCloud platform with Snowflake’s AI Data Cloud. Additionally, Intapp and MSCI Inc. have formed a strategic partnership to integrate MSCI’s private asset data into Intapp DealCloud’s AI-powered platform, aiming to enhance decision-making for private market professionals. These collaborations are designed to improve data utilization and analytics for their clients, offering streamlined access to extensive private asset information.
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