LONDON, February 25, 2014 /PRNewswire/ --
Voyanta, provider of the real estate industry's leading data
management and analytics software platform, today announced that
Altus Group (TSX: AIF) has made a strategic investment in the
company.
The investment will be used to enhance the functionality of the
platform, expand Voyanta's customer support teams and accelerate
its international growth. Several leading real estate companies
have adopted Voyanta since its launch in January 2013 and Altus Group's association is
expected to bolster this success.
Altus Group has also acquired a license to use the Voyanta
platform to enhance its current and future data analytics
services. Robert Ruggles, President, Research, Valuation &
Advisory, USA at Altus Group will
be joining Voyanta's Board of Directors, bringing over 30 years of
experience in real estate valuation and analytics.
"We were impressed with how the Voyanta platform aggregates,
validates and standardizes data from a variety of sources,
producing more reliable reporting across national and international
portfolios," said Robert Ruggles,
President, Research, Valuation and Advisory, USA, Altus Group. "Our clients have come to
expect best in class solutions from Altus and this partnership will
enable us to strengthen our service offering and secure additional
opportunities for growth."
"Turbulent markets and increased regulatory pressures have
accelerated a shift towards more active management of real estate
portfolios. These trends validate Voyanta's focus on improving
transparency, performance and risk management for real estate
investors and lenders and underpinned our impressive growth in
2013," according to Voyanta CEO Raj Singh. "We believe that Altus
Group and Voyanta share a common vision about the need to continue
improving data management and analytics in the real estate
industry".
About Voyanta
http://www.voyanta.com
Founded in 2012, Voyanta has quickly become a market-leading
provider of cloud-based data management and analytics software to
the global real estate industry. The Voyanta platform provides
sophisticated tools to help real estate professionals more
effectively capture, validate, analyze and share commercial real
estate information from multiple sources. Voyanta's rapidly
growing customer base includes investment managers, insurance
companies, banks and loan servicers in North America and Europe, who collectively own or manage over
$250B of real estate. Voyanta has
offices in London and New York.
About Altus Group
http://www.altusgroup.com
Altus Group is a leading provider of independent commercial real
estate consulting and advisory services, software and data
solutions. Altus operates 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. Altus' suite of services and
software enables clients to analyze, gain insight and recognize
value on their real estate investments.
Altus Group has over 1,800 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 further information, contact:
Voyanta Limited
Zoe Collier
E: zoe.collier@voyanta.com
T: +44(0)203-011-5580