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Chicago and Houston - January 20, 2011 -
IPD, the global leader in real estate performance measurement, and ARGUS Software, the leading industry provider of universal software and service solutions for the commercial real estate industry, have established a strategic collaboration to develop a new platform to deliver real estate solutions to managers and investors.
"Working with the right partners will form a key part in our strategy to grow our databank and deliver new performance analytics to the US real estate market," says Simon Fairchild, managing director of IPD North America. "We consider this collaboration with ARGUS as a significant move to grow IPD's US profile in the commercial real estate industry and contribute to our ambitions to expand our coverage of the US market."
This strategic collaboration complements the recent partnership between ARGUS and Real Capital Analytics to integrate RCA's global market data into ARGUS Software products, and jointly the three partners will execute local and global marketing initiatives.
"Long admired for their leading benchmarking and risk solutions, IPD is bringing its real estate portfolio performance data and analytics to the North American market through the ARGUS solution suite as well as a web-based data portal," explains Mark P. Kingston, president and CEO of ARGUS Software. "Our partnership with IPD is yet another step in the convergence of real market data with our solutions that will facilitate the next generation of efficiency and value for our clients."
Mutual clients of IPD and ARGUS will be able to extract information from ARGUS solutions for direct submission to IPD and for the inclusion of IPD performance statistics. In return, ARGUS users will have direct access to IPD data within ARGUS' market leading analysis and asset management solutions. The collaboration between IPD and ARGUS will offer significant value to the global real estate investment market.
About IPD
IPD is a global information business, dedicated to the objective measurement of commercial real estate performance. IPD's indices are the basis for the developing commercial property derivatives market and the most authoritative measures of real estate returns worldwide. As the world's number one provider of real estate performance analysis for funds, investors, managers and occupiers, IPD offers a full range of services including research, reporting, benchmarking, conferences and indices. For further information, visit www.ipd.com.
About ARGUS Software
ARGUS Software is the leading global provider of software and solutions for analysis and management of commercial real estate investments. Products include ARGUS Valuation - DCF and ARGUS Valuation - Capitalisation, both considered industry standards. Following on the Company's 25 years of innovation to meet the technology needs of the commercial real estate markets, ARGUS Software recently launched its next generation platform, ARGUS Enterprise, bringing tomorrow's technology today to its world-class customer base that invest and manage assets on five continents. ARGUS Software continues to innovate and create value for its clients as demonstrated by its ability to converge market data directly into its solutions in partnership with leading global data providers such as IPD and Real Capital Analytics. For further information, visit www.argussoftware.com.
For further information, press only:
James Wallace, Global Press Officer at IPD
+44 (0)20 7336 4778, james.wallace@ipd.com
Tam Vuong, Vice President, Marketing at ARGUS Software
+1 713 341 3630, tvuong@argussoftware.com
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