LONDON, February 25, 2014 /PRNewswire/ --
Voyanta, provider of the real estate industry's leading data management and analytics software platform, today announced that Altus Group (TSX: AIF) has made a strategic investment in the company.
The investment will be used to enhance the functionality of the platform, expand Voyanta's customer support teams and accelerate its international growth. Several leading real estate companies have adopted Voyanta since its launch in January 2013 and Altus Group's association is expected to bolster this success.
Altus Group has also acquired a license to use the Voyanta platform to enhance its current and future data analytics services. Robert Ruggles, President, Research, Valuation & Advisory, USA at Altus Group will be joining Voyanta's Board of Directors, bringing over 30 years of experience in real estate valuation and analytics.
"We were impressed with how the Voyanta platform aggregates, validates and standardizes data from a variety of sources, producing more reliable reporting across national and international portfolios," said Robert Ruggles, President, Research, Valuation and Advisory, USA, Altus Group. "Our clients have come to expect best in class solutions from Altus and this partnership will enable us to strengthen our service offering and secure additional opportunities for growth."
"Turbulent markets and increased regulatory pressures have accelerated a shift towards more active management of real estate portfolios. These trends validate Voyanta's focus on improving transparency, performance and risk management for real estate investors and lenders and underpinned our impressive growth in 2013," according to Voyanta CEO Raj Singh. "We believe that Altus Group and Voyanta share a common vision about the need to continue improving data management and analytics in the real estate industry".
Founded in 2012, Voyanta has quickly become a market-leading provider of cloud-based data management and analytics software to the global real estate industry. The Voyanta platform provides sophisticated tools to help real estate professionals more effectively capture, validate, analyze and share commercial real estate information from multiple sources. Voyanta's rapidly growing customer base includes investment managers, insurance companies, banks and loan servicers in North America and Europe, who collectively own or manage over $250B of real estate. Voyanta has offices in London and New York.
About Altus Group
Altus Group is a leading provider of independent commercial real estate consulting and advisory services, software and data solutions. Altus operates five interrelated Business Units, bringing together years of experience and a broad range of expertise into one comprehensive platform: Research, Valuation and Advisory; ARGUS Software; Property Tax Consulting; Cost Consulting and Project Management and Geomatics. Altus' suite of services and software enables clients to analyze, gain insight and recognize value on their real estate investments.
Altus Group has over 1,800 employees in multiple offices around the world, including Canada, the United States, the United Kingdom, Australia and Asia Pacific. Altus Group's clients include financial institutions, private and public investment funds, insurance companies, accounting firms, public real estate organizations, real estate investment trusts, healthcare institutions, industrial companies, foreign and domestic private investors, real estate developers, governmental institutions and firms in the oil and gas sector.
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SOURCE Voyanta Ltd