Mr. Jim Groch reports

GLOBAL COMMERCIAL REAL ESTATE LEADER CBRE SIGNS ENTERPRISE AGREEMENT WITH ARGUS SOFTWARE

CBRE Group Inc., the world's largest commercial real estate services and investment firm, will use Argus Software Inc.'s Argus Enterprise, along with existing Argus software, to support its capital markets, valuation and advisory, and asset and investment management businesses worldwide. Argus Software is a subsidiary of Altus Group.

This multiyear global agreement will improve productivity, enhance analytics around complex portfolio real estate data and help clients manage risk.

"We continue to invest in transformative technology for our professionals that enable us to better evaluate, manage and derive insight from over $285-billion worth of annual commercial real estate transactions around the globe. The agreement with Argus is a strategic decision that adds Argus's strong product offerings to our platform in support of world-class services and value to our clients," said Jim Groch, chief financial officer and global director of corporate development, CBRE Group.

Over 600 customers and thousands of users encompassing many of the industry's largest commercial real estate organizations rely on AE, including investors, owner operators, lenders, portfolio managers and eight of the 10 largest real estate service providers. AE brings significant value to the asset and investment management process through an integrated global asset management platform that supports multiple valuation standards, provides superior investment visibility and delivers powerful reporting capabilities.

"We are both delighted and excited to continue to work closely with CBRE. As a truly global and diversified market leader, CBRE plays a vital role in connecting the commercial real estate ecosystem. The confidence they have shown in Argus and Argus Enterprise reflects our strength in helping clients around the world successfully manage today's broad range of real estate industry market pressures," said Mike Abramsky, president, Argus Software.

We seek Safe Harbor.