Altus Group Announces Leadership Changes at ARGUS Software

Altus Group Announces Leadership Changes at ARGUS Software 
TORONTO, ONTARIO -- (Marketwire) -- 01/10/13 -- Altus Group ("Altus")
(TSX:AIF) today announced that Mark Kingston, President of ARGUS and
Chief Knowledge Officer of Altus Group, will be leaving the company.
Mike Abramsky, Chief Technology Officer of Altus Group will assume
interim responsibility for ARGUS and the team. In addition, Altus
announced the departure of several members of the ARGUS management
"Having joined ARGUS in 2003, Mark has been a technology leader in
the commercial real estate software industry, and I am grateful for
the significant contributions he and the departing team members have
made," said Bob Courteau, CEO of Altus Group. "The products and
services that ARGUS delivers, including the recently launched ARGUS
Enterprise 9.0, offer incredible power to the market. We expect to
further enhance our market leading position at ARGUS, while
continuing our investments in innovative products and services. We'll
also further leverage the strategic alignment of ARGUS across all of
"I am proud of what the team has accomplished at ARGUS, and remain
enthusiastic regarding the potential of the important combination of
ARGUS and Altus. ARGUS' industry-leading financial analysis products
remain the standard in the real estate market," Kingston said. "I
have decided to step down to spend more time on special projects of
interest to me, including my charitable foundation, Messengers of
Other departures at ARGUS Software include Chief Administrative
Officer, Managing Director, Global Solutions and Vice President of
Industry Relations. These changes are effective immediately. In
conjunction with these changes, Altus Group expects to post a Q1
restructuring charge. 
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, including ARGUS Enterprise 9,
the most robust asset management solution in a single, integrated
About Altus Group Limited 
Altus leads the global real estate industry in offering professional
real estate advisory services, data solutions and intelligence about
an organization's assets, generating a wealth of knowledge and
insight. With a staff of over 1,700, Altus has a network of over 50
offices in a number of countries worldwide, including Canada, the
United Kingdom, the United States, Australia and China. We operate
five interrelated Business Units, bringing years of experience and a
broad range of expertise together into one comprehensive platform:
Research, Valuation and Advisory; Cost Consulting and Project
Management; Realty Tax Consulting, Geomatics and ARGUS Software.
Altus' clients include banks, financial institutions, governments,
pension funds, asset and fund managers, developers and landlords and
companies engaged in the oil and gas industry. 
Forward-Looking Information 
Certain information in this press release may constitute
"forward-looking information" within the meaning of applicable
securities legislation. Generally, forward-looking information can be
identified by use of words such as "may", "will", "expect", "intend"
and other similar terminology. Forward-looking information includes,
but is not limited to, expectations with respect to the products and
services offered by ARGUS Software and its integration with other
Altus divisions. The forward-looking information reflects Altus' and
management's current expectations, beliefs and assumptions regarding
future events and operating performance and is based on information
currently available to management. The assumptions made in making
certain projections include, but are not limited to, the success of
product development and launch initiatives, the supply and demand for
ARGUS' products and services and the execution of certain business
strategies. Inherent in the forward-looking information are known and
unknown risks, uncertainties and other factors which could cause
actual results, performance or achievements of Altus to differ
materially from any results, performance or achievements expressed or
implied by such forward-looking information. Those risks,
uncertainties and other factors that could cause actual results to
differ materially from the forward-looking information include:
general state of the economy; competition in the industry; currency
risk; reliance on larger software transactions with longer and less
predictable sales cycles; success of new product introductions;
ability to respond to technological change and develop products on a
timely basis; ability to maintain profitability and manage growth;
protection of intellectual property or defending against claims of
intellectual property rights of others; and performance of
obligations/maintenance of client satisfaction; legislative and
regulatory changes; risk of future legal proceedings; insurance
limits; income tax matters; as well as those described in Altus'
publicly filed documents, including the Annual Information Form
(which are available on SEDAR at Given these risks,
uncertainties and other factors, investors should not place undue
reliance on forward-looking information as a prediction of actual
Altus Group Limited
Sayla Nordin
VP, Investor Relations and Corporate Communications
(416) 557-0939
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