Global Real Estate Leader JLL Transitions to ARGUS Enterprise
Real estate services firm signs enterprise agreement to use AE within capital markets, advisory, and investment management businesses
TORONTO (November 4, 2015) – ARGUS Software Inc. (“ARGUS”), the leading global provider of commercial real estate software solutions (a subsidiary of Altus Group Ltd., TSX: AIF), is pleased to announce that JLL, a global leader in commercial real estate professional services and investment management, has chosen to expand the use of ARGUS Enterprise (“AE”) to support clients’ portfolio decision-making needs in its capital markets, advisory, transaction and investment management businesses. In more than 80 countries, JLL uses leading technology to deliver competitive advantage to its commercial real estate owner, investor and corporate clients, with the latest and most advanced version of AE enabling JLL to create value and improve productivity for clients and employees alike.
“ARGUS Enterprise will help support over $118 billion of annual transaction value and the continued growth of our capital markets and related businesses. At JLL, we invest in technologies that help our clients make more data-driven decisions. The AE platform will allow our clients to access ‘real-time’ and accurate portfolio data that will help to speed-up the transaction cycle – a critical factor to succeed in this business,” said Eddy Wagoner, JLL’s Chief Information Officer, Americas.
AE is a comprehensive global asset and portfolio management platform that supports multiple valuation standards, provides superior investment visibility, delivers powerful reporting capabilities, and streamlines efficiency for brokers, acquisition and valuation professionals. In addition to long-standing usage of existing ARGUS software within multiple JLL businesses, AE has been adopted by over 1,000 customers and throughout the CRE industry including investors, owner operators, lenders, portfolio managers, and 8 of the 10 largest real estate service providers.
“We are very excited to support JLL’s continuing growth by providing a platform to support complex data and analysis requirements, ranging from multi-faceted portfolio acquisitions and dispositions, to the demands of asset management. Their investment and commitment to AE is a testament to the value AE brings to a global leader like JLL,” said Mike Abramsky, President, ARGUS Software.
About ARGUS Software Inc.
ARGUS Software®, a subsidiary of Altus Group Limited, 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 and has been dedicated to providing solutions to the commercial real estate industry for over 30 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.
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.
The Company is focused on creating sustainable shareholder value that generates long-term returns by targeting organic and accretive growth while providing quarterly dividend payments of $0.15 per share. Altus Group’s securities are traded on the TSX under the symbols AIF and AIF.DB.A.
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 BartosiewiczBartosiewiczVice President, Investor Relations