TORONTO, ONTARIO — (Marketwired) — 07/03/13 — Riding on the success of strong year-over-year growth, Cougar () today announced that the company has completed its first round of funding with dmg information (dmgi). dmgi, a subsidiary of UK-based Daily Mail & General Trust (DMGT), comprises a portfolio of high growth b2b information businesses in the property, education, energy and commodity and structured finance sectors.
Cougar is well known in the property sector as a leading provider of budgeting, planning and forecasting solutions exclusive to the Real Estate Industry, and enables its users to easily make strategic decisions using sophisticated financial modeling.
“The timing of this investment couldn-t be better,” said Oren Rosen, CEO, Cougar. “Over the last five years we have been building a foundation for growth by steadily increasing market penetration in North America, Europe and Asia Pacific. With the strategic and financial backing of dmgi, we can continue our demonstrated track record of customer-driven product innovation and put our foot on the accelerator to increase penetration in these markets.”
“We value dmgi-s expertise in the property industry and look forward to working with investors that are focused on an invest-to-grow strategy.”
“We are excited to add Cougar to our portfolio of companies focused on the property information sector,” said Erik Levy, dmgi-s VP, Strategy and M&A. “As the pace of institutional investment in real estate increases, demand for performance management solutions such as Cougar Software will grow. Our investment will allow Cougar to continue rapid expansion of their outstanding products into the largest global real estate markets.”
Cougar-s integrated solution keeps all Commercial Real Estate information in one place, enabling a quick analysis of how changes to a particular property can impact the performance of an entire portfolio or any subset thereof.
With complex financial modeling available at the press of a button, users can easily compare financial scenarios when negotiating a new lease, reviewing the impact of interest rate changes or the impact of market rent fluctuations.
Cougar-s highly acclaimed budgeting, forecasting and valuation solution supports an annual or multi-year budget process, a view into multi-level debt, and an unlimited forecasting horizon, rolling up into easy to review dashboards.
About Cougar
Founded in 1992 and serving clients worldwide, Cougar provides the only financial modeling tools the Real Estate industry needs for budgeting, planning and forecasting processes. Cougar-s integrated solution keeps all the information in one place, enabling a quick analysis of data across all, or any subset of properties, investments, portfolios or funds. Cougar counts among its customers several of the world-s leading property management and investment companies, pension plans and REITs. Cougar is a privately held company with offices in Canada, Australia, the United Kingdom and the U.S.A. For additional information visit: .
About dmg information
dmg information (dmgi) is a business division of DMGT that manages and develops a portfolio of high-growth, innovative companies that provide business-to-business information to the property, education, energy and commodity and structured finance markets. dmgi is headquartered in Stamford, CT. For additional information visit: .
About DMGT
DMGT is an international business built on entrepreneurship and innovation. We bring together leading companies and talented people to provide businesses and consumers with high-quality analysis & insight, information, news and entertainment. For additional information visit: .
Contacts:
Cougar Software, Inc.
Sharon Miller
+1.416.567.3773
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