TORONTO, May 04, 2022 (GLOBE NEWSWIRE) — Altus Group Limited (“Altus” or “the Company”) (TSX: AIF), a market leader in intelligence services as a service provider to the global industry Commercial Real Estate (“CRE”), announced today that it has acquired on May 1, 2022 Rethink Solutions Inc. (“Rethink Solutions”), the developer of property tax management software itamlink. The acquisition brings a complementary software offering, technical talent focused on property tax and strong customer relationships.

“Trusted by many large organizations in the United States and Canada, itamlink software helps clients improve productivity by efficiently managing property taxes and assessments across multi-property portfolios,” commented Alex Probyn, Global President of property taxation at Altus. “This is a highly complementary addition to our current solution portfolio that will increase value for customers on both sides. This acquisition, and its incredible team, is also an important building block for our technology strategy to drive industry innovation through an end-to-end property tax management platform.

Rethink Solutions is a leading North American developer of property tax and expense management software. Established in 2001 in Toronto, its team of approximately 35 property tax management and technology experts is dedicated to creating software solutions that help owners and occupiers of multi-property real estate portfolios manage their property tax processes. multi-jurisdictional property tax. Its flagship itamlink software provides a complete tax management solution used by many organizations in the United States and Canada to optimize property tax processes. The software allows customers to centralize property tax data, automate processes with configurable integrations and includes built-in data management tools, intuitive dashboards and reports related to managing assessments, payments and tax appeals.

“Our mission is to modernize property tax management to help owners and occupiers of multi-property portfolios effectively manage one of their most important operating expenses: property taxes,” said Mordechai Katzman, President of Rethink Solutions. “Altus Group is an ideal partner for itamlink and shares this mission. We are very excited to work together to seize the substantial opportunity in the property tax software market.

About Altus Group

Altus provides the global commercial real estate industry with vital actionable intelligence solutions based on our de facto standard ARGUS technology, unparalleled asset-level data and industry-leading market expertise. A market leader in providing intelligence as a service, Altus enables CRE professionals to make informed decisions with greater speed and scale to maximize returns and reduce risk. Recognized by many of the world’s largest CRE leaders, our CRE asset assessment, performance and risk management solutions are integrated into the workflows critical to the success of the CRE value chain. Founded in 2005, Altus is a global company with approximately 2,600 employees in North America, EMEA and Asia Pacific. For more information about Altus (TSX: AIF), please visit altusgroup.com.

Forward-looking information

Certain information contained in this press release may constitute “forward-looking information” within the meaning of applicable securities laws. All information contained in this press release, other than statements of current and historical facts, is forward-looking information. Forward-looking information includes information relating to, among other things, objectives, strategies and intentions, as well as future financial and operating performance and prospects. Generally, forward-looking information can be identified by the use of words such as “may”, “will”, “expect”, “believe”, “anticipate”, “might”, “could” and other similar terms. All forward-looking information contained in this press release is qualified by this cautionary statement. Forward-looking information is not and cannot be a guarantee of future results or events. Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyzes which, although considered reasonable by Altus Group on the date the forward-looking information is provided, are inherently subject to risks, uncertainties, contingencies and other factors that could cause actual results, performance or achievements, results or industry events to differ materially from those expressed or implied by the forward-looking information. Please see Altus’ most recent regulatory filings on SEDAR for more information about the Company’s forward-looking statements.

FOR MORE INFORMATION, PLEASE CONTACT:

Camille Bartosiewicz
Head of Communications, Altus
416.641-9773
[email protected]

FOR MEDIA INQUIRIES, PLEASE CONTACT:

Elisabeth Lambe
Director, Global Communications, Altus
416.641.9787
[email protected]

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