Altus Group Announces Management Update Focused on Global Growth
TORONTO (January 22, 2016) – Altus Group Limited (ʺAltus Groupʺ or “the Company”) (TSX: AIF) announced today that it has made certain changes to its executive roles.
Consistent with the Company’s overall growth strategy, Altus Group is moving forward with a more focused and aligned business model to scale its data, software and analytics capabilities, while continuing to provide highly specialized real estate consulting services. Based on current growth opportunities and recent successes, the Company has streamlined its management team structure within its high-growth software and data solutions business platforms to further enhance productivity and leverage core strengths to address global market opportunities.
Effective immediately, Mr. Mike Abramsky, President of ARGUS Software (“ARGUS”), is leaving the Company and Robert Courteau, Chief Executive Officer of Altus Group, will have direct oversight of ARGUS.
“I would like to thank Mike for his contributions to the success of ARGUS over the past three years and wish him the very best in the future,” said Robert Courteau, Chief Executive Officer of Altus Group Limited. “With a solid foundation and strong team in place, we are very excited about the growth opportunities ahead of us.”
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. All of our five core practices – Research, Valuation and Advisory, ARGUS Software, 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 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.