VFA to Acquire Altus Group's Capital Planning Division
BOSTON, MA and BURNABY, BC--(Marketwire - May 03, 2012) - VFA, Inc. and VFA Canada Corporation, the leading providers of end-to-end solutions for facilities capital planning and asset management, today announced that they have signed a purchase agreement to acquire the Altus Capital Planning division of Altus Group. Closing is scheduled to take place on or before June 30, 2012, subject to the satisfaction of certain conditions. The acquisition will enable VFA to build upon its leadership position for facilities capital planning in North America and gain a significant number of impressive customers and partners. Financial terms were not disclosed.
"The combination of VFA and Altus Capital Planning technology will provide us an opportunity to offer the best facilities capital planning solution available in the marketplace today," said Jerry Kokos, president and CEO, VFA. "VFA will reap the benefits of an economy of scale for the development of innovative technology to help customers worldwide best meet their facilities capital planning challenges. I look forward to this next phase in our company's growth."
Altus Capital Planning's customers represent a cross-section of institutional and corporate sectors including manufacturing, municipalities, telecommunications, provincial governments, universities, colleges, healthcare, financial and real estate property management organizations.
To connect with VFA, please follow us on Twitter at @VFAINC, or visit our blog, Foundations, which is aimed at providing information to readers that serves as a foundation for intelligent capital spending and facilities capital planning and management.
VFA is the leading global provider of end-to-end solutions for facilities capital planning and sustainability. VFA solutions uniquely combine facility assessment services, web-based software and business consulting services to enable customers to manage every stage of the capital asset lifecycle -- from requirements gathering and long-term planning to capital budget creation and spend management. More than 500 organizations in corporate, education, government and healthcare markets have relied on VFA solutions to strategically manage their capital assets. VFA's flagship software product, VFA.facility(R), is currently used to manage more than 4 billion square feet of real estate. For more information, please call 800-693-3132 in the U.S. or 888-685-3757 in Canada, or visit http://www.vfa.com.