ARGUS Software Launches ARGUS Enterprise 10, Designed for Integrated Global Asset Management
April 29, 2014 - Toronto, Ontario And London, United Kingdom
ARGUS Software Inc. ("ARGUS"), a subsidiary of Altus Group Limited ("Altus Group") (TSX: AIF) and the leading global provider of software solutions for the commercial real estate industry, today unveiled at an event in London ARGUS Enterprise 10® ("AE 10"), the most robust version yet of its asset and portfolio management platform for the commercial real estate ("CRE") market. Strengthening its focus on European markets, ARGUS adds traditional valuation, a standard used throughout Europe and other countries, to AE 10. This, in addition to existing popular North American standards, makes AE 10 a comprehensive global CRE asset and portfolio management solution.
The AE 10 platform sets a new standard by offering the following benefits:
-- Integrated global platform: using popular global standards, AE10
integrates budgeting, valuation and asset management in a single
platform - within a single financial model - allowing for greater
scalability, data integration, and transparency. Includes proven
integration with other client infrastructure (Yardi, JDE, MRI, and
-- Enhanced budgeting functionality: improved user experience and ease of
use for budget tasks at the property and corporate level; enhanced
integration capabilities for sourcing data from various property
management and accounting systems
-- Improved investment visibility and performance: ability to produce
stronger forecasts and projected returns by creating scenarios based on
market conditions; support for budgeting and forecasting, reporting,
sensitivity, and fund level forecasting; faster and more accurate cash
flow models and valuations
AE 10 delivers a more powerful and improved user experience, including the ability to customize and save preconfigured viewing and sorting capabilities designed to significantly improve user productivity. These along with other enhancements, strengthen AE10 as the solution of choice for everyone from asset and portfolio managers, to investors, lenders, and service providers.
"We use ARGUS Enterprise throughout our business," said Warren Adair, Vice President, Information Technology at Costa Mesa, California-based Donahue Schriber, a real estate investment trust. "It gives us more visibility and control across our entire portfolio and integrates with all of our internal systems allowing us to make better, more informed business decisions."
"Our customers require an integrated platform that connects all strategic elements of asset and portfolio management to deliver improved business performance," said Mike Abramsky, President, ARGUS Software. "ARGUS Software continues to experience a strong adoption of AE around the world. More than 200 clients and 3,000 enterprise users have made AE their choice for CRE asset and portfolio management."
"As an asset management firm, we deal with all aspects of the real estate market," said Andre Halm, partner with Cyclus Property, a Netherlands-based real estate firm. "The improved user experience and robust capabilities make AE 10 a natural choice for our business."
AE 10, with the newly integrated traditional valuation capabilities, is compatible with previous versions of ARGUS Enterprise and now supports ARGUS Valuation-Capitalisation.
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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 1,900 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.
Altus Group Limited
Vice President, Investor Relations
Vice President, Global Marketing
(416) 641-9500 ext. 2012