Canadian real estate software, data solutions, and advisory firm Altus Group has made an important acquisition.
The Toronto-based firm has acquired One11 Advisors, a US real estate software consultancy business.
“One11 brings solid CRE domain expertise and skills that are required to address the complexities our larger clients are having to deal with today,” said Carl Farrell, President of Altus Group. “Their experience with other industry applications and associated data, strengthens Altus Group’s stated goals of providing more industry integration as we deliver a Cloud-based platform that will address the data and analytics needs of the industry.”
Farrell says the acquisition will enable Altus Group to scale much faster in response to market demand, by calling on the knowledge One11 has built over several years.
One11’s primary offerings include technology implementation services, as well as strategic advisory related to software solutions, IT and process change strategies, system selection, managed services and support for software solutions.
The One11 team currently based in Chicago and New York, will be integrated into the Company’s Altus Analytics business unit expanding the Company’s current software consulting services. Co-founders Jim Carr and Scott Morey will remain with the business.
“We are excited to join Altus Group, who shares our commitment of providing the real estate industry with exceptional client service,” said Morey. “Joining Altus Group will strengthen our ability to deliver high-quality consulting services to clients globally while also being in a position to leverage Altus Group’s expanded geographic reach, complementary real estate services and innovative technology solutions.”