Altus Group Announces Altus Analytics Solutions Business Unit to Further its Leadership Position in the Commercial Real Estate Market
New business unit combines industry-leading software, data solutions, and related services into a powerful platform for greater visibility
TORONTO (March 1, 2016) – Altus Group Limited (ʺAltus Groupʺ or “the Company”) (TSX: AIF), a leading provider of commercial real estate (“CRE”) services, software and data solutions, is pleased to announce, consistent with its stated strategy, the formation of a new business unit called Altus Analytics Solutions, through the combination of Altus Group’s market leading ARGUS Software and Research, Valuation and Advisory’s (“RVA”) US, Europe and Voyanta operations. This high growth business unit will be led by Robert Ruggles, previously President of RVA US & Europe.
The combination of our data, technology and analytics offerings into one division enhances our ability to innovate and integrate our current solutions faster and more effectively for our clients. This new business unit strengthens the coordination of our sales, marketing, customer support, software development and service teams leading to a more compelling value proposition for clients in the CRE market.
Altus Analytics Solutions’ global offerings will enable aggregation of CRE data from all relevant sources allowing historic and forward-looking analyses and benchmarking of performance and risk. The new division further provides real estate owners, investors, lenders and service providers with an unprecedented level of transparency and confidence in making timely and accurate investment decisions to mitigate risk and optimize investment returns.
“The CRE industry is increasingly placing greater importance on the value of data and software to achieve improved accuracy, transparency and deeper insight around their assets. Altus Analytics Solutions delivers an integrated platform enabling clients to unlock the potential from a variety of data sources, powerfully delivering an advanced approach to risk assessment and performance measurement of their real estate portfolios,” said Robert Ruggles, President of Altus Analytics Solutions.
Our software products will continue to be offered to our clients in ways that meet their needs either as stand-alone applications, such as ARGUS Enterprise® or Voyanta, or as deeply integrated solutions enabling powerful analytics, including the ability to analyze valuation, operational, financial, leasing and market data from a single web interface.
“This move is an important step in realizing our vision as a provider of the most innovative solutions for the global CRE market,” said Robert Courteau, Chief Executive Officer at Altus Group. “Altus Analytics Solutions will allow us to increase consistency and agility in the way we manage, build and deliver solutions for the global CRE economy.”
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. Each of our five core practices – Altus Analytics Solutions, Research, Valuation and Advisory, Property Tax Consulting, Cost Consulting and Project Management, and Geomatics – embody and reflect decades of experience, a broad range of expertise, and leading edge technology. Our offerings 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, spread across a broad variety of sectors. Altus Group pays a quarterly dividend of $0.15 per share and our securities are traded on the TSX under the symbols AIF and AIF.DB.A.
For more information on Altus Group, please visit: www.altusgroup.com.