Altus Group Limited
TSX : AIF

Altus Group Limited
ARGUS Software Inc.

ARGUS Software Inc.

February 11, 2016 08:30 ET

ARGUS Software Launches New Online Offering With ARGUS On Demand

Subscription-based online service provides 'anywhere, anytime' access to ARGUS commercial real estate solutions

TORONTO, ONTARIO--(Marketwired - Feb. 11, 2016) - ARGUS Software Inc. ("ARGUS"), a subsidiary of Altus Group Limited ("Altus Group") (TSX:AIF) and the leading global provider of software solutions for the commercial real estate ("CRE") industry, announces the availability of ARGUS On Demand ("AOD"), an affordable, hosted and subscription-based online service that provides access to ARGUS' industry leading solutions, including ARGUS Enterprise ("AE") and ARGUS Developer, from anywhere with little-to-no infrastructure.

AOD is designed to facilitate easy collaboration, rapid deployment and flexible user management for brokers, appraisers, developers and those involved with asset and investment management. AOD reduces the total cost of ownership (TCO) for Enterprise clients, provides a lower cost alternative solution for small and mid-size business clients (SMB), and offers convenient collaboration between current and legacy ARGUS software users as well as other marketplace partners.

Using web services and thin client technology, AOD allows access to a shared application and process server and provides a dedicated database for each client. As a result, clients have limited involvement with upgrades and updates along with the benefit of 24/7 infrastructure support. A flexible and scalable licensing model provides both monthly or term subscription options, while a self-service web portal provides convenient application provisioning and account management. AOD is currently offered in North America with future plans for availability in additional international markets.

"AOD is a flexible and affordable service that further opens up the power of ARGUS' industry-leading solutions to the CRE industry. Client applications are readily accessible without the need for complex infrastructure to install or manage," said Robert Courteau, Chief Executive Officer, Altus Group. "Offering our clients the option to choose how they access, manage and license ARGUS solutions provides them with the flexibility they need to continue to invest in our industry-leading technology to advance their business objectives."

AOD provides the following key benefits:

  • Lower cost of ownership: reduces TCO by providing zero infrastructure offering for Enterprise clients and a low cost alternative solution for SMB organizations, along with the benefit of 24/7 infrastructure support.
  • Convenient management and collaboration: rapid deployment to get up and running quickly, collaboration between current and legacy ARGUS software users as well as other marketplace partners, and flexible user management through a self-service web portal for easy account management and instant application provisioning.
  • Flexible and scalable licensing: affordable subscription-priced offering to align with various Enterprise and SMB client business needs including monthly, term and pro-rated subscription options.

Additional Information:

• Online ARGUS On Demand

• Follow ARGUS on Twitter @ARGUSSOFTWARE

• Follow ARGUS on LinkedIn https://www.linkedin.com/company/argus-software

About ARGUS Software Inc.

ARGUS® Software Inc. (ARGUS Software), a subsidiary of Altus Group Limited, 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 and has been dedicated to providing solutions to the commercial real estate industry for over 30 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 Limited

Altus Group Limited is a leading provider of independent advisory services, software, and data solutions to the global commercial real estate industry. All of our five core practices - Research, Valuation and Advisory, ARGUS Software, Property Tax Consulting, Cost Consulting and Project Management, and Geomatics - embody and reflect decades of experience, a broad range of expertise and leading edge technology. Our offerings empower clients to analyze, gain insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,300 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world's largest real estate industry participants, spread across a broad variety of sectors. Altus Group pays a quarterly dividend of $0.15 per share and our securities are traded on the TSX under the symbols AIF and AIF.DB.A.

For more information on Altus Group, please visit: www.altusgroup.com.

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