ARGUS Software Crosses 100 Customer Milestone for ARGUS Enterprise
ARGUS Enterprise widens lead as world’s leading Integrated Asset Management and Valuation Platform
TORONTO, ONTARIO–(Marketwired – Nov. 25, 2013) – ARGUS Software Inc. (“ARGUS”), a division 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 100 customer milestone on its ARGUS Enterprise (AE) platform.
The momentum of ARGUS Enterprise has strengthened its position as the most widely adopted Integrated Asset Management and Valuation platform in the global Commercial Real Estate Industry. AE significantly advances user productivity, risk management and decision-making for asset managers, portfolio managers, investors, lenders and other real estate professionals.
The recently launched ARGUS Enterprise 9.5®, further extends the power of AE in reporting, cash flow analysis, valuations, asset and portfolio budgeting, risk management and investment structuring and analysis. Key features include:
- Comprehensive View of Capital and Returns: Bring together property forecasts, budget data, valuations, sensitivity analysis and structured finance vehicles into an integrated view of your business from lease details to investor returns.
- Global and Open Capabilities: ARGUS Enterprise integrates with all popular valuation standards and legacy systems, and is now installed and operational in North and South America, Europe and Asia.
- Powerful Excel Integration & Revamped User Experience: Combine the power of a robust Excel add-in with new graphical modeling tools and the ability to audit and roll back changes in order to work more efficiently than ever.
- Integrated Fund and Investment Level Reporting: Model joint venture and fund entities including general partners, limited partners, special purpose vehicles and loans to easily evaluate complex investment scenarios and calculate waterfall returns based on asset level forecasts.
“We remain actively engaged with our customers in investing in and delivering the most capable Asset Management and Valuation Platform in the market,” said Mike Abramsky, President, ARGUS Software. “We are delighted AE has surpassed the 100 customer milestone globally, and look forward to enabling many more clients to achieve their strategic objectives.”
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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.
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’ 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 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’ 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