Real estate services firm signs enterprise agreement to use AE within capital markets, advisory, and investment management businesses
TORONTO (November 4, 2015) – ARGUS Software Inc. (“ARGUS”), the leading global provider of commercial real estate software solutions (a subsidiary of Altus Group Ltd., TSX: AIF), is pleased to announce that JLL, a global leader in commercial real estate professional services and investment management, has chosen to expand the use of 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, 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 8 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 multi-faceted 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.