Commercial property software provider Altus Group has acquired Finance Active SAS, a provider of debt management software as a service (saas) solutions for commercial real estate treasury and investment management for €106.5 mln.
Founded in 2000, Finance Active serves public, corporate and financial institutions across Europe, helping clients digitise and automate complex tasks while providing real-time financial information and a range of monitoring, valuation, reporting and benchmarking tools.
The company is headquartered in Paris, France, and has over 3,000 customers ranging from small-to-medium businesses to large, global institutions. Finance Active’s team of approximately 160 professionals will join the company’s Altus Analytics business.
Mike Gordon, CEO of Altus Group, said: 'The acquisition of Finance Active is a critical step to accelerate our growth in the debt asset class, a high-value adjacency that fits very well with our strategic roadmap and addresses client demand.
'Expanding our offerings into debt management will enable our customers to have a 360-degree view of their investments, helping them maximize value and better manage risk performance. We look forward to combining our talented teams and complementary solutions to better serve our clients.'
The integration of Altus Group and Finance Active solutions will broaden the capabilities of Altus Group’s global, cloud-based Argus platform, the firm said, enabling clients to see assets, funds and debts in a single platform.
The acquisition also extends Altus Group’s Advisory services from valuation management and due diligence focused on the equity side of investment to debt management and due diligence services on the debt side. This could be for debt as a liability or for managers of debt funds.
Patrice Chatard, co-founder and co-CEO of Finance Active, said: 'As the founders of Finance Active, Jacques Descourtieux and I are incredibly proud of what our team has built and accomplished over the past two decades in establishing a market leading treasury and investment management solution.
'Joining Altus Group represents an exciting new chapter for Finance Active, positioning us for continued growth and innovation by enhancing the value we can provide for our esteemed clients and our team, and fueling our expansion into new markets.'
Altus Group has made over 50 acquisitions since inception in 2005, including Argus, EstateMaster, CVS and other minority investments in startup companies such as Honest Buildings, Waypoint and MetaProp.
Altus Group’s last significant expansion in France was with the acquisition of Taliance in July 2018. Altus Group has since integrated the Paris-based firm’s investment management software into the cloud-based asset and investment management platform built around ARGUS Enterprise.