ARGUS Software Surpasses 200 Customer Milestone for ARGUS Enterprise
TORONTO, ONTARIO–(Marketwired – April 8, 2014) – ARGUS Software Inc. (“ARGUS”), a subsidiary of Altus Group Limited (“Altus Group”) (TSX:AIF) and the leading global provider of software solutions for the commercial real estate industry, is pleased to announce it has surpassed the 200 customer milestone for its ARGUS Enterprise (AE) platform.
The strong adoption of AE continues to expand ARGUS’ client base around the world where more than 200 clients and 3,000 enterprise users have made it their choice for commercial real estate market asset and portfolio management. Clients are compelled by the comprehensive offering that provides them with a clear understanding of their portfolios and enhanced decision-making ability.
“Our robust growth comes from the fact we have developed a commercial real estate software platform that addresses a wide range of customer’s business needs,” said Mike Abramsky, President, ARGUS Software. “Whether they are in New York, London or Singapore, our customers are looking for an integrated solution that provides them with exceptional valuation capabilities and robust budgeting functionality to give them greater investment visibility.”
The ARGUS Enterprise platform brings significant value to a client’s Asset and Investment Management Process, offering the following business benefits:
- Integrated platform: valuation, asset management and budgeting in a single platform allowing for greater scalability, data integration, and transparency while providing proven integration with popular client infrastructure;
- Better investment visibility: ability to produce stronger forecasts and projected returns by creating scenarios based on market conditions; and,
- Superior performance and accuracy: faster and more accurate cash flow models and valuations, improved user experience and ease of use for budget tasks.
About ARGUS Software Inc.
ARGUS Software is the leading provider of software and solutions for analyzing and managing the value of real estate investments worldwide. ARGUS Software has a Global client base, consisting of over 90,000 users, and has been dedicated to providing solutions to the commercial real estate industry for over 25 years. The ARGUS Software portfolio includes industry-standard products, including ARGUS Enterprise – the most open and integrated platform for valuation, budgeting and asset management solutions.
For more information, please visit www.argussoftware.com
About Altus Group Limited
Altus Group is a leading provider of independent commercial real estate consulting and advisory services, software and data solutions. We operate five interrelated Business Units, bringing together years of experience and a broad range of expertise into one comprehensive platform: Research, Valuation and Advisory; ARGUS Software; Property Tax Consulting; Cost Consulting and Project Management and Geomatics. Our suite of services and software enables clients to analyze, gain insight and recognize value on their real estate investments.
Altus Group has over 1,800 employees in multiple offices around the world, including Canada, the United States, the United Kingdom, Australia and Asia Pacific. Altus Group’s clients include financial institutions, private and public investment funds, insurance companies, accounting firms, public real estate organizations, real estate investment trusts, healthcare institutions, industrial companies, foreign and domestic private investors, real estate developers, governmental institutions and firms in the oil and gas sector.
For more information, please visit www.altusgroup.com.
Certain information in this press release may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information includes, but is not limited to, expectations with respect to the success of ARGUS Enterprise in the market. The forward-looking information reflects Altus Group’s and management’s current expectations, beliefs and assumptions regarding future events and operating performance and is based on information currently available to management. The assumptions made in making certain projections include, but are not limited to, the success of product development and launch initiatives, the supply and demand for ARGUS’ products and services and the execution of certain business strategies. Inherent in the forward-looking information are known and unknown risks, uncertainties and other factors which could cause actual results, performance or achievements of Altus Group to differ materially from any results, performance or achievements expressed or implied by such forward-looking information, including but not limited to : the general state of the economy; competition in the industry; ability to respond to technological change and develop products on a timely basis; protection of intellectual property or defending against claims of intellectual property rights of others; and performance of obligations/maintenance of client satisfaction; as well as those described in Altus Group’s publicly filed documents, including the Annual Information Form (which are available on SEDAR at www.sedar.com). Given these risks, uncertainties and other factors, investors should not place undue reliance on forward-looking information as a prediction of actual results.
Camilla BartosiewiczBartosiewicztoronto-hqVice President, Investor Relations