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HOUSTON, TX, and LONDON, June 30, 2010 – ARGUS Software ("ARGUS"), the global leader for real estate analysis, asset and investment management solutions and IPD, the global leader for property fund analysis and data announced today the formation of a strategic collaboration to develop a new platform to deliver real estate portfolio performance data.
"Long admired in Europe for their objective and powerful market research, 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 at the desktop."
IPD will further work with ARGUS to create a data submission platform that will allow ARGUS users 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.
"Working with the right partners will form a key part in our strategy to grow our databank and to deliver new analytical products and services to the US real estate market," says Simon Fairchild, managing director of IPD North America. "We consider this collaboration with ARGUS, a clear global leader in analysis and asset management software solutions within the US commercial real estate industry, as a major boost to our long-term ambitions."
About IPD
IPD is a global information business, dedicated to the objective measurement of commercial real estate performance. 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.
IPD operates in more than 20 countries including most of Europe, the US, Canada, South Africa, Australia, New Zealand and Japan. IPD's indices are the basis for the developing commercial property derivatives market, and the most authoritative measures of real estate returns worldwide. For further information visit www.ipd.com and for IPD's News Centre visit www.ipd.com/news
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 such as ARGUS Valuation - DCF, ARGUS Developer, ARGUS Asset Management and ARGUS Lease CRM, as well as the soon to be released flagship product ARGUS Enterprise.
Media Contacts:
Jennifer Brenner
VP Marketing
ARGUS Software
Jlbrenner@argussoftware.com
713-341-3630
James Wallace
Global Press Officer
IPD
james.wallace@ipd.com
+44 (0)20 7336 4778
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