ARGUS Software Inc. ("ARGUS"), a division of Altus Group Limited
("Altus Group") (TSX:AIF) and the leading global provider of
software solutions for the commercial real estate industry, today
unveiled ARGUS Enterprise 9.5® (AE 9.5), the latest and most
advanced version of the industry standard asset and investment
management software platform. ARGUS also unveiled ARGUS Valuation
DCF 16® (DCF 16) as a module of the ARGUS Enterprise platform,
again setting the standard for the world's most widely used
application for discounted cash flow based commercial real estate
valuation.
With over 80 clients now using ARGUS Enterprise across the
globe, AE 9.5 significantly advances user productivity, risk
management and decision-making for asset managers, portfolio
managers, investors, lenders and other real estate professionals.
With over 300 new features and functions, AE 9.5 offers
sophisticated portfolio analytics and tools for performance
measurement, attribution analysis and enhanced risk management.
Key features include:
-- Comprehensive View of Capital and Returns: Bring together property
forecasts, budget data, valuations, sensitivity analysis and structured
finance vehicles into an integrated view of your business from lease
details to investor returns.
-- Integrated Fund and Investment Level Reporting: Model joint venture and
fund entities including general partners, limited partners, special
purpose vehicles and loans to easily evaluate complex investment
scenarios and calculate waterfall returns based on asset level
forecasts.
-- Powerful Excel Integration & Revamped User Experience: Combine the power
of a robust Excel add-in with new graphical modeling tools and the
ability to audit and roll back changes in order to work more efficiently
than ever.
"Customers have told us they are facing rising pressure to gain
control of data and be more efficient in budgeting, planning and
valuation. We have met that challenge with the releases of AE 9.5
and DCF 16. This marks the next generation of our industry standard
platforms for valuation and asset management," said Mike Abramsky,
President, ARGUS. "This is a major milestone in helping our
customers efficiently connect the growing volume of their data with
their business processes, as well as linking the many participants
in the commercial real estate industry."
"The very nature of commercial real estate is shifting, forcing
investment firms to more tightly and rapidly integrate rising
amounts of data into key processes," said Robert K. Ruggles III,
President, RVA USA, Altus Group. "The improved efficiency afforded
by AE 9.5 assures that asset managers' attention is focused on
strategy rather than data manipulation."
The release of DCF 16 represents the most significant upgrade
yet of Valuation DCF, ARGUS' benchmark valuation application for
commercial real estate, with over 90,000 users around the globe.
DCF 16 has been reengineered for the way the industry works today,
streamlining the management of multiple properties and portfolios,
and supporting efficient decision making and scenario analysis.
Specific advances include:
-- Executive Reporting and Portfolio Analytics: Simulates multiple market
scenarios and drives improved strategic decision making. Multiple new
reporting tools support executive, board and investor-related
communications.
-- Integrated Asset Management and Valuation: Easily import historical
property actuals to blend with forecasted revenues and expenses for
performance measurement, investment analytics and budgeting.
-- Benefit From Larger Displays: Take advantage of multiple monitors with
the ability to undock detachable windows within the application, see
real-time updates to calculated results and open multiple DCF files at
once.
AE 9.5, with the new DCF 16 module, continues to work with files
in the prior ARGUS Valuation DCF format allowing for integration
with legacy data and systems internally and with partners.
Additional Information:
-- http://www.argussoftware.com/en/products/ARGUSENT/default.aspx
-- Follow @ARGUSSOFTWARE
-- Become a fan of ARGUS Software on Facebook
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; Cost
Consulting and Project Management; Property Tax Consulting;
Geomatics and ARGUS Software. Our suite of services 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, 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.
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, consisting of
over 90,000 users, 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.
Forward-Looking Information
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' 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 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' 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 Elif McDonald VP, Investor
Relations and Corporate Communications (416)
641-9804investor.relations@altusgroup.com www.altusgroup.com ARGUS
Software Michael Crook Group Lead, VP Product Marketing (416)
641-9709mcrook@argussoftware.com www.argussoftware.com
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