Altus Group and MDA Property Systems Sign Business Development Agreement to Provide Comprehensive Real Estate Asset Management Solutions
ltus Group’s industry leading ARGUS solutions combined with MDA Property Systems’ unique market insight provide a powerful offering in the growing South African property market
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TORONTO and CAPE TOWN (August 18, 2017) – Altus Group Limited (“Altus Group”) (TSX: AIF), a leading provider of independent advisory services, software and data solutions to the global commercial real estate (“CRE”) industry, and MDA Property Systems, a leader in the specialist field of property management software based in South Africa, today announced a business development agreement. This agreement allows for joint business development and sales of Altus Group’s ARGUS solutions with a focus in the South African market.
With 30 years of experience in the real estate market, MDA Property Systems is a leading provider of software for property management, accounting and real-time financial reporting. This expertise, combined with Altus Group’s decades of experience providing industry leading technology for real estate investment, asset management and development lifecycle management, presents a unique offering to the South African CRE market.
“We’re pleased to work closely and further collaborate with Altus Group,” said Mark Fairweather, Managing Director, MDA Property Systems. “Their leading ARGUS solutions combined with our comprehensive property management software will enable us to provide an end-to-end solution for managing property.”
“Given their strong local knowledge and complementary solutions, we’re pleased to align with an established, regional provider such as MDA Property Systems,” said Cassian Scott, Senior Vice President Sales EMEA, Altus Analytics at Altus Group. “We see an opportunity with this agreement to support our continued growth objectives and increase client value in the growing South African market.”
ARGUS Enterprise® is the industry standard global asset and investment management platform that supports multiple valuation standards, provides superior investment visibility, delivers powerful reporting capabilities, and streamlines efficiency for CRE brokers, acquisition and valuation professionals. ARGUS DeveloperTM is a comprehensive single platform to model, forecast, manage, analyse and report on CRE development project cost and cash flows, from project inception and feasibility through to planning, execution and completion.
About Altus Group Limited
Altus Group Limited is a leading provider of independent advisory services, software and data solutions to the global commercial real estate industry. Our businesses, Altus Analytics and Altus Expert Services, reflect decades of experience, a range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain market insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,300 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world’s largest real estate industry participants across a variety of sectors. Altus Group pays a quarterly dividend of $0.15 per share and our shares are traded on the TSX under the symbol AIF.
For more information on Altus Group, please visit: www.altusgroup.com.
About MDA Property Systems
MDA Property Systems is a leading provider of software for property and facilities managers of office and industrial, residential, affordable housing, retail, body corporate and corporate real estate, with integrated accounting and real-time financial reporting. Our skills are a unique blend of the computer and property professions. These skills have been nurtured over the last three decades by hands-on property practice, tertiary-level academic pursuits and on-going research and development efforts.
Jeff HaywardHaywardVice President, Global Marketing & Communications