Altus Group acquires EstateMaster

Altus Group Limited (TSX: AIF), a leading provider of commercial real estate services, software and data solutions, has acquired EstateMaster Group Holdings PTY Limited. Financial terms were not disclosed.

Founded by CEO Martin Hill in 1991, Sydney, Australia based EstateMaster is a property development feasibility and management software provider to over 1,000 firms predominately in the real estate developer community.

EstateMaster’s team of 14 professionals will be integrated into Altus Analytics software and data division, strengthening its sales and development capacity and cross-selling capabilities in support of strategy to expand market presence in the Asia Pacific and Middle East regions.

“The acquisition of EstateMaster broadens our product offerings with software solutions complementary to our ARGUS Developer product, while adding market share in our growth regions, including Australia and the Middle East,” said Robert Courteau, Chief Executive Officer of Altus Group. “Their established track record of growth, combined with their impressive team and solid industry reputation will add value to our growth initiatives.”

photo credit: EstateMaster