Altus Group Unveils ARGUS Enterprise 9-The Most Robust Asset Management Solution in a Single, Integrated Platform
(Marketwire (Canada) Via Acquire Media NewsEdge) TORONTO, ONTARIO--(Marketwire - Dec. 19, 2012) - Altus Group Limited ("Altus") (TSX:AIF) and ARGUS Software, global leaders in the provision of independent professional advisory and consulting, technology and proprietary data for the real estate industry, today unveiled ARGUS Enterprise 9(R) (AE 9), the industry's leading asset management software platform for commercial real estate.
Building on the capabilities of prior AE versions - already implemented by over 35 world class clients - ARGUS Enterprise 9 represents a leap forward in enabling commercial real estate organizations to know even more about their portfolios, better manage their risks, and support the best decisions for their businesses. AE 9 provides:
-- Improved user productivity by reducing time and effort to make complex
and comprehensive changes across portfolios
-- Better decision-making and improved risk management, based on real-time
reporting and analytics
-- Tight integration into business processes with powerful customization
"With the release of AE 9, Altus is redefining the industry; providing clients with increased functionality and powerful analytics in a comprehensive offering that will give them greater real-time insight into their portfolios, as well as the advantage with an influential and international asset class," emphasized Bob Courteau, CEO, Altus Group. "As a leading professional services company, Altus is leveraging years of expertise with data driven solutions to ensure clients have the most robust tools and experienced advice."
AE 9 Ensures Clients Benefit from Industry-Leading Capabilities
To improve productivity and maximize clients' investments, AE 9 provides an unprecedented ability to easily and rapidly consolidate cash-flow forecasts, allowing clients to perform sophisticated analysis, sensitivity and reporting. This enables immediate evaluation of results for benchmarking and, most importantly, risk management, further enhancing the value of enterprise-wide data and facilitating proactive decision-making.
"We are excited about the new features in AE 9 and its impact on our business - the additional functionality and interconnectivity will make ARGUS Enterprise an even more valuable tool for us," said Randal Rombeiro, Head of Finance, Greenstreet Real Estate Partners LP. "As our portfolio evolves, AE provides the dynamic visibility that helps us make confident, data-driven decisions."
Feature Highlights of AE 9
-- Effortlessly import data and rapidly perform updates across a portfolio
using AE's dynamic Excel(r) plugin tool - integrating both input
assumptions and calculated results, which can support proprietary
analysis and calculations
-- Create custom dashboards with charts, portfolio level KPIs and Excel-
like pivot chart capabilities using portfolio analytics tools
-- Model more complex lease terms and assumptions through a number of
enhancements to the Cash Flow module
-- Incorporate a broader range of property types for a more comprehensive
picture, enabled by a new hospitality feature
-- Build a custom experience and extend the usability of your data by
making all relevant data available in AE through embedded ARGUS Symphony
Release and Availability
AE 9 is available immediately to current AE clients as an upgrade under existing maintenance. Full platform release and market pricing will be announced in Q1 2013, along with opportunities to learn more about the unique benefits of this compelling platform.
To find out more about ARGUS Enterprise 9, contact your ARGUS representative, or visit: http://www.argussoftware.com/AE9/.
About ARGUS Software
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 world-class user base, consisting of over 90,000 users, and has been focused solely on the commercial real estate segment for over 20 years. The ARGUS Software portfolio includes industry-standard products, such as ARGUS Valuation-DCF, ARGUS Developer, ARGUS CRM, ARGUS Enterprise and ARGUS Symphony.
About Altus Group Limited
Altus leads the global real estate industry in offering professional real estate advisory services, data solutions and intelligence about an organization's assets, generating a wealth of knowledge and insight. With a staff of over 1,700, Altus has a network of over 50 offices in a number of countries worldwide, including Canada, the United Kingdom, the United States, Australia and China. We operate five interrelated Business Units, bringing years of experience and a broad range of expertise together into one comprehensive platform: Research, Valuation and Advisory; Cost Consulting and Project Management; Realty Tax Consulting; Geomatics, and ARGUS Software. Altus' clients include banks, financial institutions, governments, pension funds, asset and fund managers, developers and landlords and companies engaged in the oil and gas industry.
Certain information in this press release may constitute "forward-looking information" within the meaning of applicable securities legislation. Generally, forward-looking information can be identified by use of words such as "may", "will", "expect", "believe", "plan", "would", "could" and other similar terminology. 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, 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: 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' 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' and management's current expectations and beliefs regarding future events and operating performance and is based on information currently available to management. Although Altus 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 does not undertake to update or revise it to reflect new events or circumstances. Additionally, Altus undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Altus, its financial or operating results, or its securities.
FOR FURTHER INFORMATION PLEASE CONTACT:
Altus Group Limited
VP, Investor Relations and Corporate Communications
Source: Altus Group Limited
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