Mr. Robert Courteau reports

ALTUS GROUP STRENGTHENS DATA ANALYTICS CAPABILITIES THROUGH ACQUISITION OF VOYANTA

Altus Group Ltd. has strengthened its data analytics capabilities through the acquisition of the remaining 70.3-per-cent interest in Voyanta Ltd., a privately owned global provider of real estate data management and analytics software.

"A core part of Altus Group's strategy is to provide superior analytics solutions for the large and complex real estate portfolios of our global asset and investment management clients," said Robert Courteau, chief executive officer of Altus Group. "In support of that strategy, Voyanta's data management platform ensures that we have a consistent framework for leveraging our internal data, supports the expansion of our global RVA business unit, has high synergies with Argus Enterprise, and provides us with future product development opportunities. We're pleased to welcome Voyanta's team, whose rare blend of real estate technology experience, combined with big data expertise, will be of significant value to our global aspirations."

Founded in 2012, Voyanta is a data management platform for real estate investors, lenders and service providers which depend on its tools to capture, validate, aggregate and analyze commercial real estate information. It simplifies, standardizes and streamlines the exchange of information by leveraging a comprehensive real estate data model, sophisticated data management screening tools, and best-in-class reporting and analytics capabilities. The first of its kind in the global real estate software market, Voyanta has quickly become a leading data software-as-a-service (SaaS) platform for the commercial real estate industry. Headquartered in London, United Kingdom, Voyanta serves a global clientele which it estimates collectively manage over $250-billion (U.S.) in real estate assets -- many of which are also Altus Group clients.

Voyanta's team of 25 professionals, including its co-founder and chief executive officer Raj Singh, will join Altus Group's global research, valuation and advisory (RVA) business unit. The global RVA group is currently in the process of enhancing its data products by developing reporting and analytics tools that combine its existing benchmarking applications (DataBridge and DataExchange) onto a single platform. This new tool, planned to be launched in the first half of next year, will include improved functionality of advanced reporting, benchmarking and portfolio analytics such as attribution, performance and risk. Voyanta's platform is integral to this initiative and will serve as the central hub for the collection and aggregation of global RVA's data. This acquisition also enhances Altus Group's future product road map with Argus Enterprise, as well as the development of new products tailored to the global asset and investment management market.

"Voyanta's data hub provides a foundational structure for global RVA's analytics platform," commented Robert Ruggles, Altus Group's RVA president. "Its ability to internationally convert language, metrics and currency, supports our global expansion initiatives and provides clients identical tools worldwide while enhancing transparency and consistency across global portfolios. Alongside our recent announcement of Argus Enterprise's global offering, this acquisition confirms our commitment to support our clients wherever they do business."

"Voyanta and Altus Group have a shared commitment to equipping clients with better data management and reporting at a time when information transparency is a priority for all real estate market participants," said Raj Singh, chief executive officer of Voyanta. "Economic, governance and technology trends continue to converge to create both an opportunity and demand for our shared offerings. We're excited to be joining an independent global company and believe that collaboration with Altus Group will enable us to not only enhance our current platform, but also offer existing and future clients more innovative and powerful solutions."

To complete this acquisition, Altus Group increased its 29.7-per-cent interest in Voyanta (acquired on Feb. 14, 2014, for $3-million) to 100 per cent for approximately $7.4-million, financed through a combination of cash and equity. Although this transaction is not expected to be immediately accretive to Altus Group's adjusted EPS (earnings per share), it represents substantial time and cost savings to Altus Group that would have been incurred to build out its own data collection tool in support of its global RVA's product road map and longer-term strategy of enhancing its data offerings.

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