Altus Group to Offer RVA Clients Access to ARGUS Enterprise
TORONTO, ONTARIO–(Marketwired – Sept. 17, 2013) – Altus Group Limited (TSX:AIF) (“Altus Group”) is pleased to announce that it will now offer clients of Research, Valuation & Advisory (“RVA”) the option of having appraisals completed using ARGUS Enterprise in addition to the previously available ARGUS Valuation DCF and ARGUS Asset Management. All three software solutions are offered by ARGUS Software Inc. (“ARGUS”), a division of Altus Group.
ARGUS Enterprise provides budgeting, forecasting, valuation, asset and portfolio reporting, sensitivity and structured finance functionality on one integrated and flexible platform. Over the past several months, consultants from RVA worked with the ARGUS Enterprise team to conduct a pilot platform in the valuation and appraisal management businesses.
“With over 70 implementations to date and growing, ARGUS Enterprise continues to gain momentum among our largest clients, due to its increased functionality and portfolio analysis enhancements,” said Colin Johnston, President, RVA Canada, Altus Group. “We believe this trend will continue as companies are increasingly looking for the holistic and data driven approach to managing commercial real estate assets provided by a solution such as ARGUS Enterprise.”
“The continued collaboration between RVA and ARGUS is reflective of the desire to integrate the groups and their solutions, thus better serving our clients globally,” said Robert K. Ruggles III, President, RVA USA, Altus Group.
RVA and ARGUS recently hosted senior appraisers from 18 of the leading national appraisal firms in the US for a two-day summit. These industry leading professionals completed hands-on training with ARGUS Enterprise. “Having participated in the ARGUS Enterprise Appraiser Summit, we see the benefits to our clients of moving to the next generation of ARGUS solutions,” said Douglas Stafford, Director of Business Innovation, Colliers International Valuation & Advisory Services. “With these tools, we collaborate on a daily basis with our clients and are excited to support them as the market moves to adopt ARGUS Enterprise.”
“We are pleased to offer our RVA clients the power of ARGUS Enterprise as they face increasingly complex real estate decisions. We believe our clients deserve the best service and solutions available, and this reinforces our commitment to bringing industry leading solutions to help them deliver great results,” said Bob Courteau, CEO, Altus Group.
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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; Cost Consulting and Project Management; Property Tax Consulting; Geomatics and ARGUS Software. Our suite of services 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, 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.
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.
Certain information in this press release may constitute “forward-looking information” within the meaning of applicable securities legislation. All information contained in this press release, other than statements of current and historical fact, is forward-looking information. Generally, forward-looking information can be identified by use of words such as “may”, “will”, “expect”, “believe”, “plan”, “would”, “could” and other similar terminology. All of the forward-looking information in this press release is qualified by this cautionary statement.
Forward-looking information includes, but is not limited to, information that relates to Altus Group’s objectives, strategies and intentions, and future financial and operating performance and prospects. Forward-looking information is not, and cannot be, a guarantee of future results or events. Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by Altus Group at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies and other factors that may cause actual results, performance or achievements, industry results or events to be materially different from those expressed or implied by the forward-looking information. The material factors or assumptions that Altus Group identified and were applied by Altus Group in drawing conclusions or making forecasts or projections set out in the forward-looking information include, but are not limited to: the successful execution of its business strategies; consistent and stable economic conditions or conditions in the financial markets; consistent and stable legislation in the various countries in which we operate; no disruptive changes in the technology environment; the opportunity to acquire accretive businesses; the successful integration of businesses; and, the continued availability of qualified professionals.
Inherent in the forward-looking information are known and unknown risks, uncertainties and other factors that could cause Altus Group’s actual results, performance or achievements, or industry results, to differ materially from any results, performance or achievements expressed or implied by such forward-looking information. Those risks, uncertainties and other factors that could cause actual results to differ materially from the forward-looking information include, but are not limited to: general state of the economy; competition in the industry; ability to attract and retain professionals; integration of acquisitions; dependence on oil and gas sector; dependence on Canadian multi-residential market; customer concentration; currency risk; interest rate risk; reliance on larger software transactions with longer and less predictable sales cycles; success of new product introductions; ability to respond to technological change and develop products on a timely basis; ability to maintain profitability and manage growth; revenue and cash flow volatility; credit risk; protection of intellectual property or defending against claims of intellectual property rights of others; weather; fixed-price and contingency engagements; operating risks; performance of obligations/maintenance of client satisfaction; appraisal mandates; legislative and regulatory changes; risk of future legal proceedings; insurance limits; income tax matters; ability to meet solvency requirements to pay dividends; leverage and restrictive covenants; unpredictability and volatility of common share price; capital investment; and issuance of additional common shares diluting existing shareholders’ interests, 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. The forward-looking information reflects Altus Group’s and management’s current expectations and beliefs regarding future events and operating performance and is based on information currently available to management. Although Altus Group has attempted to identify important factors that could cause actual results to differ materially from the forward-looking information contained herein, there are other factors that could cause results not to be as anticipated, estimated or intended. The forward-looking information contained herein is current as of the date of this press release and, except as required under applicable law, Altus Group does not undertake to update or revise it to reflect new events or circumstances. Additionally, Altus Group undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Altus Group, its financial or operating results, or its securities.
Camilla BartosiewiczBartosiewiczVice President, Investor Relations