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eFront and ARGUS to Create Seamless Front-to-Back Portfolio and Fund Management Solution
HOUSTON, TX and NEW YORK, NY, June 7, 2010 – ARGUS Software, the leading worldwide solutions provider for managing the value of real estate investments and eFront, the leading worldwide solutions provider for alternative assets fund management, today jointly announced the formation of a strategic partnership that creates the leading-edge, fully integrated fund management and analysis solution for the commercial real estate market.
"The combination of the ARGUS platform, which includes the industry standard commercial real estate analysis and asset management solutions with the capabilities of eFront's offering creates a powerful, transparent and complimentary suite of tools that cannot be replicated by any other solution set in the market today," comments Mark P. Kingston, president and CEO of ARGUS Software. "The strength of their leading fund level solution, FrontInvest, is the perfect partner to ARGUS Enterprise's valuation, portfolio, sensitivity and asset management modules."
eFront's comprehensive fund management solutions for real estate and other alternative asset classes are designed to manage business functions including investor management, fund administration, scenario modeling, and compliance monitoring.
"Partnering with ARGUS will support our continuing effort to provide the best possible front-to-back solutions to the real estate market," says Olivier Dellenbach, founder and CEO of eFront. "ARGUS is a well respected software brand within the commercial real estate industry. FrontInvest's superior portfolio and investor management capabilities integrate with the ARGUS solution suite to provide tremendous visibility in the management of real estate portfolios."
The combination of FrontInvest and ARGUS Enterprise will provide real-time integrated real estate forecasting, portfolio modeling, and investor management solution capabilities as well as extensive debt management functionality that can be used to model complex debt structures at the asset, entity and portfolio or fund level.
About eFront
eFront provides business software solutions dedicated to Alternative Investments, with a recognized expertise in the areas of Private Equity, Real Estate, Infrastructure and Fund of Hedge Funds. eFront solutions serve over 200 customers in more than 28 countries, including well known clients in Private Equity, Real Estate, Banking, and Insurance industries.
Founded in 1999, eFront has offices in New York, Montreal, London, Dubai, Paris, Bonn, Jersey and Hong Kong. eFront has been listed on NYSE Alternext since 2006 (ALEFT).
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 world-class user base consisting of over 90,000 users and has been focused solely on the commercial real estate segment for over 20 years. The ARGUS Software portfolio includes industry-standard products such as ARGUS Valuation - DCF, ARGUS Developer, ARGUS Asset Management and ARGUS Lease CRM, as well as the soon to be released flagship product ARGUS Enterprise.
Media Contacts:
Jennifer Brenner
VP Marketing
ARGUS Software
Jlbrenner@argussoftware.com
713-341-3630
Clémentine Déniel
Marketing Director
eFront Financial Solutions
cdeniel@efront.com
+33 1 49 96 20 42
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