MEMBER NEWS: Altus Group Broadens Commercial Real Estate Development Software Offerings with Acquisition of Australian-Based EstateMaster

08 Mar 2017 5:01 PM | Anonymous member (Administrator)

Congratulations to one of our Corporate Sponsors Altus Group 

on their recent acquisition of EstateMaster

On March 1, 2017, Canadian-based Altus Group Limited, a global provider of commercial real estate services, software and data solutions, acquired Australian-based EstateMaster, a property development feasibility and management software provider.

“The acquisition of EstateMaster broadens our product offerings with software solutions complementary to our ARGUS Developer product, while adding market share in our growth regions, including Australia and the Middle East,” said Robert Courteau, Chief Executive Officer of Altus Group.  “Their established track record of growth, combined with their impressive team and solid industry reputation will add value to our growth initiatives.”

Altus Group is a publicly-traded company (TSX: AIF) headquartered in Toronto, Canada with approximately 2,300 employees with offices in North America, Europe and Asia Pacific. Altus Group’s businesses, Altus Analytics and Altus Expert Services, embody decades of experience, a range of expertise, and technology-enabled capabilities that empower clients to analyze, gain insight and recognize value on their real estate investments. 

EstateMaster is a property development feasibility and management software provider to over 1,000 firms predominately in the real estate developer community.  With a leading market position in Australia and the Middle East, the EstateMaster Development Feasibility software is the accepted market standard for the production of feasibility reports in the Australian property markets, including all national banks, professional associations and government bodies. 

“This union represents a very exciting opportunity to offer greater value to our combined client base that depend on our established software solutions to help make informed decisions,” added Martin Hill, Founder and CEO of EstateMaster.  “Joining Altus Group will strengthen our ability to offer solutions that address a broad set of requirements across various customer segments, while leveraging Altus Group’s extensive expertise and resources.” 

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