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Enter Symbol
or Name
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CA



Altus Group Ltd
Symbol AIF
Shares Issued 36,373,641
Close 2015-11-03 C$ 19.83
Market Cap C$ 721,289,301
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Altus's ARGUS to provide ARGUS Enterprise to JLL

2015-11-04 16:22 ET - News Release

Mr. Mike Abramsky reports

GLOBAL REAL ESTATE LEADER JLL TRANSITIONS TO ARGUS ENTERPRISE

JLL, a global leader in commercial real estate professional services and investment management, has chosen to expand the use of Altus Group Ltd.'s ARGUS Software Inc.'s ARGUS Enterprise (AE) to support clients' portfolio decision-making needs in its capital markets, advisory, transaction and investment management businesses. In more than 80 countries, JLL uses leading technology to deliver competitive advantage to its commercial real estate owner, investor and corporate clients, with the latest and most advanced version of AE enabling JLL to create value and improve productivity for clients and employees alike.

"ARGUS Enterprise will help support over $118-billion of annual transaction value, and the continued growth of our capital markets and related businesses. At JLL, we invest in technologies that help our clients make more data-driven decisions. The AE platform will allow our clients to access real-time and accurate portfolio data that will help to speed up the transaction cycle -- a critical factor to succeed in this business," said Eddy Wagoner, JLL's chief information officer, Americas.

AE is a comprehensive global asset and portfolio management platform that supports multiple valuation standards, provides superior investment visibility, delivers powerful reporting capabilities, and streamlines efficiency for brokers, and acquisition and valuation professionals. In addition to long-standing usage of existing ARGUS software within multiple JLL businesses, AE has been adopted by over 1,000 customers and throughout the CRE industry, including investors, owner operators, lenders, portfolio managers and eight of the 10 largest real estate service providers.

"We are very excited to support JLL's continuing growth by providing a platform to support complex data and analysis requirements, ranging from multifaceted portfolio acquisitions and dispositions to the demands of asset management. Their investment and commitment to AE is a testament to the value AE brings to a global leader like JLL," said Mike Abramsky, president, ARGUS Software.

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