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® (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
capabilities
"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
forms
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.
Forward-Looking Information
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.
Contacts: Altus Group Limited Sayla Nordin VP, Investor
Relations and Corporate Communications (416) 557-0939
www.altusgrouplimited.com
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