TORONTO, ONTARIO -- (Marketwired) -- 06/11/13 -- ARGUS Software, a division of Altus Group Limited (TSX: AIF) is pleased to announce that GE Capital Real Estate is now using ARGUS Enterprise, the industry's leading asset management platform, on its $43 billion in global commercial real estate assets.
A customer since 2003, GE Capital Real Estate chose ARGUS for its deep knowledge of the commercial real estate industry and for its market leadership in solutions for valuations and asset management.
Working closely with the GE Capital Real Estate team in offices around the world, ARGUS' expert teams completed implementation and integration to GE Capital Real Estate's portfolio management systems, meeting all of their rigorous quality requirements. The effort dovetails with GE-wide efforts to improve customer alignment and productivity through technology.
"Working with the team at ARGUS has been a constructive and positive experience," said Jennifer Agnes, Managing Director of Global Asset Management Operations at GE Capital Real Estate. "We're excited about the capabilities ARGUS Enterprise opens up for us and we've already received positive feedback from our business teams on its functionality and simplicity."
"GE Capital Real Estate is a leading global commercial real estate company, and winning their confidence is testament to ARGUS' capabilities," said Mike Abramsky, President, ARGUS Software. "ARGUS Enterprise continues to gain recognition in the marketplace, and we are committed to supporting the growing needs of our clients."
ARGUS Enterprise continues to gain market momentum, as more asset managers look to improve transparency and efficiency.
About ARGUS Software
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.
About Altus Group
Altus leads the global real estate industry in offering professional real estate advisory services, data solutions and intelligence about an organization's assets, generating a wealth of knowledge and insight. With a staff of over 1,700, Altus has a network of over 45 offices in a number of countries worldwide, including Canada, the United Kingdom, the United States, Australia and China. We operate five interrelated Business Units, bringing years of experience and a broad range of expertise together into one comprehensive platform: Research, Valuation & Advisory; Cost Consulting & Project Management; Realty Tax Consulting; Geomatics; and ARGUS Software. Altus' clients include banks, financial institutions, governments, pension funds, asset and fund managers, developers and landlords and companies engaged in the oil and gas industry.
About GE Capital Real Estate
Serving markets around the world for nearly 40 years, GE Capital Real Estate is a leading commercial real estate company. We are a unit of General Electric (NYSE: GE). Few institutions have the strength, industry knowledge and global reach of GE. GE Capital Real Estate's assets are approximately $43 billion, as of March 31, 2013. We have debt and equity activities in North America, Europe and Asia-Pacific. Visit www.gecapitalrealestate.com to learn more.
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.
Altus Group Limited
VP, Investor Relations and Corporate Communications
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