ARGUS Software launches AE 10.5, the global-enabled version of the world's most powerful asset and investment management platform for commercial real estate
TORONTO, ONTARIO and MELBOURNE, AUSTRALIA -- (Marketwired) -- 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 the most advanced version of ARGUS Enterprise ("AE"), version 10.5. AE 10.5 represents the world's most comprehensive asset and portfolio management platform, now with uniquely powerful global capabilities.
By incorporating the world's most widely-used standard valuation methodologies, AE 10.5 offers a single global unified platform for managing commercial real estate assets, whether the assets (or users) are local or span multiple countries and regions around the world. These standards include DCF, Traditional Valuation and now Australian Capitalization Valuation. AE 10.5 includes powerful global analysis and reporting capabilities using local currencies, local rate and market assumptions and other key geographic functionality.
"The globalization of real estate is accelerating, along with rising challenges of quickly collecting and managing disparate information across multiple systems and geographies. AE 10.5 allows owner operators, lenders, brokers, investors and other commercial real estate organizations to comprehensively manage, analyze and report upon their world-wide assets -- both locally and globally," said Mike Abramsky, President of ARGUS Software.
Building on AE's industry leading integrated budgeting, valuation and asset management capabilities -- as well as proven integration with other client infrastructure (Yardi, JDE, MRI) -- AE 10.5 offers:
-- Global valuation: Australian Capitalization Valuation is now incorporated, as well as DCF and Traditional Valuation. This global functionality allows users to roll-up and consolidate analysis and reporting in their standard(s) of choice. -- Broadest visibility with local assumptions: AE 10.5's powerful reporting capabilities can be easily consolidated locally and globally, incorporating country-specific assumptions and leasing conventions. For example, AE 10.5 is able to model global growth and inflation rates at both a portfolio and individual asset level. -- Total return & benchmarking - AE 10.5 offers easy and effective benchmarking, along with quick and easy calculation of total, income and capital returns -- a key requirement for many asset and fund managers.
"We chose AE to allow us to be more efficient in our time and have more confidence in our numbers. We're now able to spend more time analysing data which enables us to make better decisions," said Prakash Kharel, Financial Controller with BBRC Property, a private investment company based in Sydney, Australia.
For more information, to request a demo or to contact ARGUS directly, please visit www.argussoftware.com.
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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 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 approximately 2,200 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, 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 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.
Contacts: Altus Group Limited Camilla Bartosiewicz Vice President, Investor Relations (416) 641-9773 [email protected] www.altusgroup.com ARGUS Software Inc. Jeff Hayward Vice President, Global Marketing (416) 641-9500 ext. 2012 (416) 641-9501 (FAX) [email protected] www.argussoftware.com