ARGUS Cloud to power new web-based applications, increase user collaboration and improve ability to
leverage CRE data
TORONTO, Nov. 05, 2018 (GLOBE NEWSWIRE) -- Altus Group Limited (“Altus Group”) (TSX: AIF), a leading provider of
software, data solutions and independent advisory services to the global commercial real estate (“CRE”) industry, announced today
the launch of ARGUS Cloud and ARGUS Acquire. ARGUS Cloud is a cloud-based platform for CRE asset and investment management that
leverages functionality and data from industry-leading ARGUS solutions to enhance decision-making and portfolio transparency. ARGUS
Acquire is the first of several integrated web-based applications to be powered on the ARGUS Cloud platform.
ARGUS Cloud enables greater collaboration and streamlines workflows across teams and business functions by
storing all information in one centralized location. It seamlessly integrates with industry-standard ARGUS Enterprise (“AE”),
delivering greater value to users through the ability to store, backup and access ARGUS files and leverage additional Altus Group
cloud solutions. The ARGUS Cloud platform will leverage the intelligence of AE to both support existing on-premise solutions and
power a series of new critical web-based applications designed to better manage the challenges facing today’s CRE
professionals.
ARGUS Acquire, the first in a series of new web-based applications, is a deal management solution that has been
tailor-made to enable acquisitions teams to efficiently construct sound financial models, pitch winning deal strategies and meet
capital deployment targets. It provides complete top-down visibility of acquisition deals and pipelines, creating greater
efficiency and consistency.
“With the launch of ARGUS Cloud, we’re creating a connected ecosystem for the commercial real estate industry by
delivering innovative cloud-based solutions that provide complete portfolio transparency and insights,” said Bob Courteau, Chief
Executive Officer at Altus Group. “This is a key part of our product and partner strategy, and the next step in our plan to build
additional integrated end-to-end solutions that will streamline business processes, leverage third-party data sources and reduce
complexity within the CRE industry.”
ARGUS Cloud provides a number of key capabilities:
- Store and back up files in the cloud – seamlessly move your organization’s models into a centralized cloud
database for storage and accessibility with on-premise and web-based ARGUS applications. Users can easily audit files and
maintain a secure record of changes made to any asset.
- Access and collaborate on your files any time – access your models any time through a single-point of entry
to ARGUS on-premise and web-based applications, regardless of location. Centrally located models allow users to collaborate more
easily across their business and with partners which simplifies processes and ensures a consistent view of assets throughout
their lifecycle.
- Connect to the next generation of applications – use stored data and an industry-standard AE calculation
engine to power the next generation of ARGUS applications, beginning with ARGUS Acquire. Cloud infrastructure allows streamlined
workflows between on-premise and web-based applications and will enable users to connect to their growing CRE technology
ecosystem.
For more information on ARGUS Cloud, please visit https://argus.altusgroup.com/argus-cloud/. For more information on ARGUS Acquire, please visit
https://argus.altusgroup.com/argus-acquire/.
About Altus Group Limited
Altus Group Limited is a leading provider of software, data solutions and independent advisory services to the
global commercial real estate industry. Our businesses, Altus Analytics and Altus Expert Services, reflect decades of experience, a
range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain insight and recognize value
on their real estate investments. Headquartered in Canada, we have approximately 2,500 employees around the world, with operations
in North America, Europe and Asia Pacific. Our clients include some of the world’s largest real estate industry participants. Altus
Group pays a quarterly dividend of $0.15 per share and our shares are traded on the TSX under the symbol AIF.
For more information on Altus Group, please visit: www.altusgroup.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Altus Group Limited
Jeff Hayward
Vice President, Global Marketing & Communications
416-234-4212
jeff.hayward@altusgroup.com
Camilla Bartosiewicz
Vice President, Investor Relations
416-641-9773
camilla.bartosiewicz@altusgroup.com