Behavox's Enhanced Multi‑Layered Deduplication Cuts Compliance Costs and Accelerates Time to Insight
LONDON & MONTREAL — Behavox, the leading provider of AI-powered compliance and archiving solutions, today announced significant enhancements to the Behavox Intelligent Archive, designed to dramatically reduce cost, improve operational efficiency, utilising superior deduplication technology to reinforce Behavox's leadership in delivering modern regulatory archiving of communications and transaction data. Unlike competing products, Behavox helps firms manage costs and risk by effectively removing duplicative content, r esulting in review costs being slashed by as much as 30%.
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Data Duplications Drive Cost
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Enterprises are forced to endure elevated costs due to data duplication in the following ways:
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Increased storage cost. Duplicated data is still stored, which increases the cost of legacy solutions as they require a large storage footprint, leading to high cloud or on-prem costs.
More expensive and slower data processing. Processing duplicated data increases the resource load for operations such as indexing and searching, which is the most common data operation on an archive. This raises costs in terms of cloud expenditure or on-premises infrastructure, as well as operational impacts such as longer search times and the associated human costs.
Data exports, a key source of archiving revenue for legacy archiving providers, are larger than necessary. With the same data being exported more than once; and
Duplicate data means more data to be reviewed, which creates significantly more labor costs and delays completion time, plus the increased chance of data interpretation errors.
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Customers of legacy providers tell us they typically experience data duplication rates of approximately 30%. Therefore, searching takes longer, legal review takes longer, and investigations take longer.
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Behavox's established deduplication solution overcomes these issues for customers. The result is reduced time and risk for firms.
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'Legacy vendors charge you to store, process, and review the same content multiple times,' said Dr. Michael McGrath, Head of DCGA Strategy & Partnerships at Behavox. 'By removing duplicates before they even reach the legal team, we help clients cut costs at every stage: storage, processing, and legal review.' He goes on, 'Key to this is the fundamental task of ensuring the integrity of the data from creation to usage and deletion. This is a challenge for most of the industry from the very outset, with poor data reconciliation technology at the ingestion stage, and data loss and corruption with some solutions.
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The Behavox Intelligent Archive now includes multi-layered native deduplication, which removes duplicate data during search and export. As firms typically see 20%-30% duplicate data this means they can expect to achieve significant reductions in review volumes, by up to 30%. Reviewing exported data, especially by costly resources, remains one of the main components of the operating costs of a compliance solution.
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The result is a transformed customer experience:
This new capability is Generally Available (GA) and has been rolled out to existing Intelligent Archive customers.
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About Behavox
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Behavox is the leading provider of AI-powered compliance and conduct surveillance solutions. The company's flagship product, the Behavox Intelligent Archive, enables regulated firms to capture, retain, and analyze communications and behavioral data across channels — empowering compliance, legal, and risk functions to reduce exposure, respond swiftly to regulators, and create a culture of integrity.
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TORONTO, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus Group' or 'the Company') (TSX: AIF), a leading provider of commercial real estate ('CRE') intelligence, announced today its financial and operating results for the second quarter ended June 30, 2025. "Altus continued to deliver steady recurring revenue and Adjusted EBITDA margin expansion across all of our business segments,' said Jim Hannon, Chief Executive Officer. 'For the second quarter in a row, we are seeing significant growth in recurring new bookings. The launch of ARGUS Intelligence is driving revenue and accelerating the adoption of asset-based pricing. In Q2 we executed the buyback of over $100M of our shares based on our conviction that we'll continue to drive growth, increase profitability, and generate strong cashflows from our operating model." 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Future acquisitions are not factored into this outlook. Key assumptions for the business outlook by segment: Analytics: consistency and growth in number of assets on the Valuation Management Solutions platform, continued ARGUS cloud conversions, new sales (including New Bookings converting to revenue within Management's expected timeline and uptake on new product functionality), client and software retention consistent with 2024 levels, pricing action, improved operating leverage, as well as consistent and gradually improving economic conditions in financial and CRE markets, in particular a stronger recovery in the second half of the year. Appraisals & Development Advisory: improved client profitability and improved operating leverage. The Consolidated outlook assumes that corporate costs will remain elevated throughout 2025 consistent with 2024 levels. The change in our revenue guidance range reflects ongoing interest rate volatility and global trade uncertainty. About Altus Group Altus connects data, analytics, applications and expertise to deliver the intelligence necessary to drive optimal CRE performance. The industry's top leaders rely on our market-leading solutions and expertise to power performance and mitigate risk. Our global team of ~2,000 experts are making a lasting impact on an industry undergoing unprecedented change – helping shape the cities where we live, work, and build thriving communities. For more information about Altus (TSX: AIF) please visit Non-GAAP and Other Measures Altus Group uses certain non-GAAP financial measures, non-GAAP ratios, total of segments measures, capital management measures, and supplementary and other financial measures as defined in NI 52-112. 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Refer to the 'Non-GAAP and Other Measures' section on Page 3 of the Management's Discussion & Analysis dated August 7, 2025 for the period ended June 30, 2025 (the 'MD&A'), which is incorporated by reference in this press release and which is available on SEDAR+ at for more information on each measure, including definitions and methods of calculation. A reconciliation of Adjusted EBITDA and Adjusted Earnings (Loss) to Profit (Loss) and Free Cash Flow to Net cash provided by (used in) operating activities is included at the end of this press release. Forward-looking Information Certain information in this press release may constitute 'forward-looking information' within the meaning of applicable securities legislation. All information contained in this press release, other than statements of current and historical fact, is forward-looking information. 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Interim Condensed Consolidated Balance Sheets As at June 30, 2025 and December 31, 2024 (Unaudited) (Expressed in Thousands of Canadian Dollars) June 30, 2025 December 31, 2024 Assets Current assets Cash and cash equivalents $ 382,714 $ 41,876 Trade receivables and other 143,754 144,812 Income taxes recoverable 3,682 5,099 Derivative financial instruments 1,321 8,928 531,471 200,715 Assets held for sale - 282,233 Total current assets 531,471 482,948 Non-current assets Trade receivables and other 8,078 9,620 Derivative financial instruments 10,286 9,984 Investments 14,272 14,580 Investment in joint venture 20,529 25,605 Deferred tax assets 20,823 56,797 Right-of-use assets 24,292 19,420 Property, plant and equipment 13,222 13,217 Intangibles 199,764 214,614 Goodwill 399,129 404,176 Total non-current assets 710,395 768,013 Total assets $ 1,241,866 $ 1,250,961 Liabilities Current liabilities Trade payables and other $ 164,746 $ 216,390 Income taxes payable 23,419 3,017 Lease liabilities 11,439 11,009 199,604 230,416 Liabilities directly associated with assets held for sale - 57,680 Total current liabilities 199,604 288,096 Non-current liabilities Trade payables and other 19,981 19,828 Lease liabilities 32,928 26,751 Borrowings 155,914 281,887 Deferred tax liabilities 20,733 17,179 Total non-current liabilities 229,556 345,645 Total liabilities 429,160 633,741 Shareholders' equity Share capital 639,354 798,087 Contributed surplus 38,851 21,394 Accumulated other comprehensive income (loss) 39,117 56,243 Retained earnings (deficit) 95,384 (275,935) Reserves of assets held for sale - 17,431 Total shareholders' equity 812,706 617,220 Total liabilities and shareholders' equity $ 1,241,866 $ 1,250,961 Interim Condensed Consolidated Statements of Cash Flows For the Six Months Ended June 30, 2025 and 2024 (Unaudited) (Expressed in Thousands of Canadian Dollars) Six months ended June 30 2025 2024 Cash flows from operating activities Profit (loss) before income taxes from continuing operations $ 10,565 $ (20,074) Profit (loss) before income taxes from discontinued operations 454,026 26,584 Profit (loss) before income taxes $ 464,591 $ 6,510 Adjustments for: Depreciation of right-of-use assets 4,028 5,677 Depreciation of property, plant and equipment 1,928 2,534 Amortization of intangibles 14,741 20,423 Finance costs (income), net – leases 599 578 Finance costs (income), net – other (1,696) 8,674 Share-based compensation 7,916 11,430 Unrealized foreign exchange (gain) loss (1,162) (1,866) (Gain) loss on investments 6 241 (Gain) loss on disposal of right-of-use assets, property, plant and equipment and intangibles 27 2,042 (Gain) loss on disposal of assets (457,757) - (Gain) loss on equity derivatives 5,407 (5,119) Share of (profit) loss of joint venture (121) (506) Impairment of right-of-use assets, net of (gain) loss on sub-leases 3,534 (322) Net changes in: Operating working capital (7,472) (2,114) Liabilities for cash-settled share-based compensation (5,691) 5,501 Deferred consideration payables - (1,674) Net cash generated by (used in) operations 28,878 52,009 Interest paid on borrowings (3,374) (9,659) Interest paid on leases (599) (578) Interest received 7,280 - Income taxes paid (4,305) (5,149) Income taxes refunded 580 217 Net cash provided by (used in) operating activities 28,460 36,840 Cash flows from financing activities Proceeds from exercise of options 11,984 6,455 Financing fees paid (763) (50) Proceeds from borrowings 50,590 20,000 Repayment of borrowings (177,615) (27,184) Payments of principal on lease liabilities (6,025) (7,853) Dividends paid (12,354) (12,254) Treasury shares purchased for share-based compensation (11,241) (3,563) Cancellation of shares (177,998) - Net cash provided by (used in) financing activities (323,422) (24,449) Cash flows from investing activities Purchase of investments (352) (282) Purchase of intangibles (806) (4,562) Purchase of property, plant and equipment (2,173) (425) Proceeds from investments 5,197 2 Proceeds from sale of discontinued operations, net of cash disposed 655,811 - Income taxes paid on disposal of discontinued operations (20,027) - Net cash provided by (used in) investing activities 637,650 (5,267) Effect of foreign currency translation (10,566) 456 Net increase (decrease) in cash and cash equivalents 332,122 7,580 Cash and cash equivalents, beginning of period 50,592 41,892 Cash and cash equivalents, end of period $ 382,714 $ 49,472 Reconciliation of Profit (Loss) to Adjusted EBITDA and Adjusted Earnings (Loss) The following table provides a reconciliation of Profit (Loss) to Adjusted EBITDA and Adjusted Earnings (Loss): Three months ended June 30, Six months ended June 30, In thousands of dollars, except for per share amounts 2025 2024 (1) 2025 2024 (1) Profit (loss) for the period $ 8,764 $ 2,284 $ 384,548 $ 2,131 (Profit) loss from discontinued operations, net of tax 513 (10,918) (381,694) (22,917) Occupancy costs calculated on a similar basis prior to the adoption of IFRS 16 (2) (2,218) (2,775) (4,431) (5,218) Depreciation of right-of-use assets 1,934 2,194 4,028 4,254 Depreciation of property, plant and equipment and amortization of intangibles (8) 8,372 8,863 16,669 18,224 Acquisition and related transition costs (income) 48 5,373 66 8,869 Unrealized foreign exchange (gain) loss (3) 664 (475) (1,162) (1,746) (Gain) loss on disposal of right-of-use assets, property, plant and equipment and intangibles (3) 15 1,056 27 1,571 Share of (profit) loss of joint venture (352) (664) (121) (506) Non-cash share-based compensation costs (4) 3,807 3,353 6,279 6,886 (Gain) loss on equity derivatives net of mark-to-market adjustments on related RSUs and DSUs (4) 98 417 2,664 (2,174) Restructuring costs (recovery) 920 1,929 7,137 7,105 (Gain) loss on investments (5) (132) 55 6 241 Other non-operating and/or non-recurring (income) costs (6) 2,395 1,573 3,628 2,456 Finance costs (income), net – leases 354 195 599 359 Finance costs (income), net – other (9) (184) 4,534 (1,696) 8,660 Income tax expense (recovery) (10) 3,517 991 7,711 712 Adjusted EBITDA $ 28,515 $ 17,985 $ 44,258 $ 28,907 Depreciation of property, plant and equipment and amortization of intangibles of non-acquired businesses (8) (1,811) (1,494) (2,758) (3,211) Finance (costs) income, net – other (9) 184 (4,534) 1,696 (8,660) (Gain) loss on hedging transactions, including currency forward contracts and interest expense (income) on swaps (9) 1,179 (78) 2,029 (975) Tax effect of adjusted earnings (loss) adjustments (10) (6,176) (5,553) (14,481) (10,092) Adjusted earnings (loss)* $ 21,891 $ 6,326 $ 30,744 $ 5,969 Weighted average number of shares – basic 43,841,362 45,782,032 44,824,199 45,657,634 Weighted average number of restricted shares 91,003 331,672 91,697 375,090 Weighted average number of shares – adjusted 43,932,365 46,113,704 44,915,896 46,032,724 Adjusted earnings (loss) per share (7) $0.50 $0.14 $0.68 $0.13 (1) Comparative figures have been restated to reflect discontinued operations. (2) Management uses the non-GAAP occupancy costs calculated on a similar basis prior to the adoption of IFRS 16 when analyzing financial and operating performance. (3) Included in other operating expenses in the interim condensed consolidated statements of comprehensive income (loss). (4) Included in employee compensation expenses in the interim condensed consolidated statements of comprehensive income (loss). (5) (Gain) loss on investments relates to changes in the fair value of investments in partnerships. (6) Other non-operating and/or non-recurring (income) costs for the three and six months ended June 30, 2025 relate to legal, advisory, consulting, and other professional fees related to organizational and strategic initiatives. These are included in other operating expenses in the interim condensed consolidated statements of comprehensive income (loss). (7) Refer to page 4 of the MD&A for the definition of Adjusted EPS. (8) For the purposes of reconciling to Adjusted Earnings (Loss), the amortization of intangibles of acquired businesses is adjusted from Profit (loss) for the period. Per the quantitative reconciliation above, we have added back depreciation of property, plant and equipment and amortization of intangibles and then deducted the depreciation of property, plant and equipment and amortization of intangibles of non-acquired businesses to arrive at the amortization of intangibles of acquired businesses. (9) For the purposes of reconciling to Adjusted Earnings (Loss), the interest accretion on contingent consideration payables and (gains) losses on hedging transactions and interest expense (income) on swaps is adjusted from Profit (loss) for the period. Per the quantitative reconciliation above, we have added back finance costs (income), net – other and then deducted finance costs (income), net – other prior to adjusting for interest accretion on contingent consideration payables and (gains) losses on hedging transactions and interest expense (income) on swaps. (10) For the purposes of reconciling to Adjusted Earnings (Loss), only the tax impacts for the reconciling items noted in the definition of Adjusted Earnings (Loss) is adjusted from profit (loss) for the period. Constant Currency Three months ended June 30, 2025 Six months ended June 30, 2025 As presented For Constant Currency As presented For Constant Currency Canadian Dollar 1.000 1.000 1.000 1.000 United States Dollar 1.384 1.368 1.409 1.358 Pound Sterling 1.847 1.726 1.827 1.718 Euro 1.570 1.472 1.539 1.468 Australian Dollar 0.886 0.902 0.893 0.894 Three months ended June 30, 2024 Six months ended June 30, 2024 As presented For Constant Currency As presented For Constant Currency Canadian Dollar 1.000 1.000 1.000 1.000 United States Dollar 1.368 1.343 1.358 1.347 Pound Sterling 1.726 1.681 1.718 1.661 Euro 1.472 1.462 1.468 1.456 Australian Dollar 0.902 0.897 0.894 0.911
