 On July 1, 1985, VTLS Inc. was formed by Dr. Vinod Chachra as a subsidiary corporation of Virginia Tech Intellectual Properties (VTIP), which granted VTLS Inc. exclusive, worldwide rights to enhance and market VTLS software.The ensuing years witnessed dramatic growth for VTLS and innovative development of the VTLS system.By 1987, VTLS became the first ILS to fully support the US MARC Format for Holdings and Locations in a fully integrated Serials Control Subsystem.