SAN FRANCISCO - LoopNet, Inc. , which operates the largest online commercial real estate marketplace, ranks among the nation's fastest-growing technology companies based on revenue growth, according to Deloitte & Touche USA LLP. Each year, the accounting and consulting firm ranks U.S. companies based on five-year revenue growth. For the period from 2002 through 2006, LoopNet recorded revenue growth of 590%, earning the company the 265th spot on Deloitte's 2007 Technology Fast 500 list. LoopNet also ranks 22nd on Deloitte & Touche's Silicon Valley Technology Fast 50 (Internet, Media & Entertainment and Communication category), which is based on revenue growth during the same five-year period.
LoopNet has been named to the Deloitte Technology Fast 500 list for three consecutive years. "We are honored to be recognized by Deloitte & Touche as a Technology Fast 500 recipient once again, and to be among other recognized technology leaders including Google, Yahoo and Research in Motion," said Thomas Byrne, LoopNet's Chief Marketing Officer. "Our growth is the direct result of the continued migration of the commercial real estate industry from offline advertising to online marketing and specifically to the growing adoption and use of the LoopNet marketplace to market and search for commercial properties for sale and commercial space for lease."
The LoopNet marketplace, available at www.LoopNet.com, covers all commercial property categories, including office, industrial, retail, multifamily (apartment properties for sale), hotel, land, specialty properties, and businesses for sale. At the end of September 2007, LoopNet had 2.4 million registered members and the LoopNet marketplace featured more than 535,000 commercial real estate listings, including more than $425 billion of property available for sale and 3.7 billion square feet of space for lease. According to comScore Media Metrix, LoopNet is the most heavily trafficked commercial real estate website, with 915,000 average monthly unique visitors in 2007.
Source: PRNewsWire.com