Altus Group Completes Acquisition of Finance Active Solidifies Expansion Into Debt Management SaaS Solutions
Summary
TORONTO and PARIS, April 01, 2021 (GLOBE NEWSWIRE) — Altus Group Limited (ʺAltus Groupʺ or “the Company”) (TSX: AIF), a global provider of commercial real estate (“CRE”) software, data solutions and services, announced that it has completed the transaction to acquire Finance Active SAS (“Finance Active”), a leading provider of debt management SaaS solutions for treasury and investment management. Utilizing its multi-tenant and API-friendly SaaS cloud platform, its solutions help clients digitize and automate time-consuming and complex tasks with a centralized view of real-time financial information and a wide range of monitoring, valuation, reporting and benchmarking tools. Longer term, with the enhanced growth profile provided by joining Altus Group, Finance Active’s profitability and Adjusted EBITDA margins are expected to increase. Altus Group Limited is a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry. The forward-looking information contained herein is current as of the date of this press release and, except as required under applicable law, Altus Group does not undertake to update or revise it to reflect new events or circumstances.
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