ARGUS Enterprise 10.6 Empowers the Commercial Real Estate Industry to Work Smarter, Faster
TORONTO (June 4, 2015)- ARGUS Software Inc. (“ARGUS”), a subsidiary of Altus Group Limited (“Altus Group”) (TSX:AIF), and the leading provider of software solutions for the commercial real estate industry, today launched ARGUS Enterprise(“AE”) version 10.6, the most advanced version of its industry leading commercial real estate (“CRE”) asset management and investment platform. AE 10.6 delivers streamlined and user-friendly efficiencies that tackle the most challenging productivity requirements facing CRE professionals.
In today’s highly competitive market, CRE investment requires speed, flexibility and accuracy. AE 10.6 provides users with a powerful asset management, forecasting and scenario-based solution – including for investment brokers and those involved with acquisitions, dispositions, originations and underwriting who are now able to spend less time building cash flow models and close deals faster.
“Our clients worldwide are facing rising pressures to be successful amidst a fast-paced and competitive real estate market. AE 10.6 represents the culmination of best-in-class approaches taken across the world, and includes productivity features specifically tailored to those customers previously accustomed to the industry standard ARGUS DCF 15 software,” said Mike Abramsky, President of ARGUS Software.
“We are extremely excited about the release of AE 10.6. We have worked with the team at ARGUS to provide feedback on functionality to be included in this release. The important productivity enhancements will complement the existing reporting flexibility and long-term forecasting capability we’ve come to rely on from AE,” said Yolande LeClerc, Senior Vice-President of Corporate Finance and Planning with Brixmor Property Group.
AE is the world’s most comprehensive CRE asset and portfolio management platform, adopted by over 600 customers and thousands of users around the world. It offers an industry standard global unified platformcapable of handling any assignment regardless of scope or location. Version AE 10.6 includes a number of beneficial enhancements to improve the user experience including:
- User productivity: AE 10.6 features a number of ease-of-use improvements aimed to increase productivity including several DCF inspired enhancements such as legacy shortcuts, the ability to copy and paste from Excel and direct edit panes.
- New reporting capabilities: Additional new reporting capabilities have been added including Report Search and Report Packages options as well as several useful DCF-like outputs such as Sources & Uses and Input Assumptions reports, all designed to provide greater visibility, interpretation and ease-of-use.
- Enhanced sensitivity module: AE 10.6 delivers enhanced multi-dimensional, “what if” style scenario analytics and Key Performance Indicators (“KPIs”) to create a matrix of potential values, providing an extended evaluation capability to help identify, measure and mitigate risk.
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About ARGUS Software Inc.
ARGUS Software, a subsidiaryofAltusGroupLimited, 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 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 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.
For more information on Altus Group, 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.