Altus Group Strengths, Domain Expertise, and Key Differentiators
Altus Group’s core strengths lie in its robust technology platform and deep industry expertise in the CRE sector. The ARGUS software suite, including ARGUS Enterprise and ARGUS Developer, is widely regarded as an industry standard for asset and investment management, offering comprehensive tools for valuation, forecasting, and portfolio analysis. The company’s global presence, with approximately 1,900 employees across North America, EMEA, and Asia Pacific, enables it to serve a diverse client base with localized insights. Furthermore, Altus Group’s focus on data-driven decision-making, supported by advanced analytics and a multidisciplinary team, provides clients with unparalleled clarity in navigating complex CRE markets, reinforcing its competitive edge.
ARGUS suite of software solutions provides consistency, transparency, and efficiency into the financial and operational processes that drive the global commercial real estate market. Its products are built exclusively for commercial real estate companies and trusted by leading owners, managers, financial institutions, REITs, brokerages and appraisers to improve the visibility and flow of information throughout their critical business processes.
Altus Group Recent Developments
In September 2024, Altus Group introduced ARGUS Intelligence, a software platform designed to enhance commercial real estate (CRE) investment management. Building upon the capabilities of ARGUS Enterprise, this solution offers real-time performance insights across asset, portfolio, and benchmark levels. Key features include dynamic access to asset-level metrics, automated data consolidation, and scenario analysis tools. Additionally, ARGUS Intelligence provides portfolio management functionalities, allowing users to create custom asset groupings and conduct comprehensive performance analyses. A benchmark management feature is also planned for release in early 2025, enabling performance comparisons against industry standards.
Altus Group Mergers and Acquisitions (M&A) Activities
Altus Group has strategically expanded its capabilities in the commercial real estate (CRE) sector through several acquisitions. In November 2023, the company signed a definitive agreement to acquire Forbury, a CRE valuation software provider in the Asia Pacific region, enhancing its valuation offerings in that market. In November 2021, Altus Group acquired Reonomy, an AI-powered data platform, for approximately US$201.5 million, bolstering its data and analytics capabilities. Earlier, in April 2021, the company completed the acquisition of Finance Active, a European provider of debt management SaaS solutions, for approximately €106.5 million, strengthening its presence in the European market. These acquisitions reflect Altus Group's commitment to enhancing its software, data, and analytics offerings across key global markets.
Altus Group Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Altus Group applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Altus Group and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified ARGUS Enterprise, ARGUS acquire, ARGUS Taliance, ARGUS EstateMaster, ARGUS Developer. customers.
Altus Group Overview
33 Yonge Street Suite 500
Toronto, ON, M5E 1G4, Canada
1 416-641-9500
Ownership: - TSE : AIF
Number of Employees: 1900
Functional Markets: Analytics and BI, ERP Financial, ERP Services and Operations,
Key Verticals: Construction and Real Estate,
Altus Group Key Enterprise and Cloud Applications
ARGUS Enterprise, ARGUS acquire, ARGUS Taliance, ARGUS EstateMaster, ARGUS Developer.
Altus Group Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Altus Group Revenue Breakdown By Type, $M:
Altus Group Enterprise Applications Revenues By Functional Markets, $M:
Altus Group Enterprise Applications Revenues By Verticals, $M:
Altus Group Revenues By Region, $M
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Altus Group Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Altus Group Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Altus Group Customers
No. of Altus Group Customers: 60000
No. of Altus Group Enterprise Applications Customers: 7000
No. of Altus Group Cloud Customers: 1000
No. of Altus Group Cloud Subscribers: 90000
The company’s software solutions, such as ARGUS Enterprise, are utilized by clients for portfolio management and risk assessment, while its advisory services, including valuation and cost consulting, cater to developers and lenders. With over 3,000 customers in Europe alone through its Finance Active acquisition, Altus Group’s ability to address diverse client needs across geographies underscores its market penetration and client trust. ARGUS has over 7000 customers across 75 countries.
Altus Group Market Opportunities, M&A and Geo Expansions
Altus achieved a significant milestone by surpassing 1,000 cloud-enabled AE customers, marking a pivotal moment in their cloud transition journey. The cloud version of AE offers robust analytics, benchmarking capabilities, and integration flexibility through APIs, empowering customers to enhance visibility, efficiency, and performance. This momentum has propelled ARGUS to expand its client base globally, catering to some of the world's largest companies in the commercial real estate market.
Altus Group Risks and Challenges
The revenue targets for Altus Analytics are increasingly reliant on large enterprise transactions with extended and less predictable sales cycles. The success or failure of these transactions could significantly impact anticipated revenue for any period. Additionally, the introduction of new products may not achieve expected levels of client adoption, potentially leading to unrealized revenue expectations and possible asset impairments if cash flows from these products fall short.
Economic slowdowns or downturns, adverse economic conditions, cyclical trends, increases in interest rates, variations in currency exchange rates, reduced client spending and other factors could have a material adverse effect on Altus Group's business, financial condition, and results of operations. Based on their overseas operations in Canada, the U.S., the U.K., Australia and various countries throughout Asia, the exposure to foreign currency is primarily a risk for the company.
Altus Group Ecosystem, Partners, Resellers and SI
Altus Group has expanded its partner ecosystem to enhance its commercial real estate (CRE) solutions. In collaboration with Yardi Systems, Altus launched the ARGUS Connector for Yardi Voyager, enabling seamless data integration between ARGUS Enterprise and Yardi Voyager, streamlining workflows and improving data accuracy . Additionally, Altus partnered with Waypoint Building Group to provide ARGUS Enterprise clients with enhanced visibility into asset performance and market benchmarking capabilities. To support this collaboration, Altus made a minority investment in Waypoint, aiming to accelerate the growth of its product offerings . In the South African market, Altus formed a strategic partnership with MDA Property Systems, a leading provider of property management software. This alliance focuses on joint business development and sales of ARGUS solutions, leveraging MDA's extensive experience in property management and accounting to offer comprehensive solutions to the South African CRE industry . These collaborations underscore Altus Group's commitment to building a robust partner ecosystem, integrating complementary technologies and expertise to deliver comprehensive solutions across the global commercial real estate landscape.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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