SAN FRANCISCO, CA - LoopNet, Inc, which operates the largest online commercial real estate marketplace, has been named to Forbes Magazine's 2010 list of "America's 100 Best Small Companies." LoopNet is ranked #20 overall on the 2010 Forbes list, along with other exceptional public companies such as Akamai, Under Armour, Dolby Laboratories, Tempur Pedic, and Rackspace Hosting that were featured in the November 8, 2010 edition of the magazine. LoopNet was founded in 1995 and has been publicly traded since 2006.
"We are honored to be named to such a prominent position on the Forbes 2010 list of America's Best Small Companies. Forbes describes the companies on the list as those that 'hire, innovate, churn out profits and defy the downturn' and we are very grateful of the recognition of our organizational accomplishments and the dedicated efforts of the entire LoopNet team," said Richard Boyle, LoopNet's Chief Executive Officer.
"We believe LoopNet's 'Put Clients First' philosophy and our commitment to continually innovate our products and services is a significant competitive advantage for our organization within the commercial real estate, land for sale and business for sale sectors. We intend to continue to provide our customers with products that are unparalleled in their effectiveness, affordability and ease of use," said Thomas Byrne, LoopNet's President and COO. "During 2010, we were particularly pleased with our success in launching the LoopNet Property Research Database with over 7.5 million property records, the top-ranked iPhone and iPad mobile apps, the enhanced market trends reports and new Enterprise Marketing and Search solutions to better meet the needs of corporate clients."
According to Forbes' analysis of LoopNet as documented in the ranking, LoopNet's sales increased 37% (five-year annualized growth rate), the company's EPS (Earnings per Share) increased 31% (five-year annualized growth rate) and its ROE (Return on Equity/Investment) increased 34% (five-year annualized growth rate). Additional information about the Forbes list is available at http://www.forbes.com/lists/2010/23/best-small-companies-10_rank.html.
LoopNet, available at http://www.LoopNet.com, operates the most heavily trafficked commercial real estate marketplace online with more than 4.5 million registered members and more than 6 million unique visitors quarterly as reported by Google Analytics. LoopNet also now offers one of the largest commercial property databases with more than 7.5 million commercial property records.
The LoopNet marketplace covers all commercial property categories, including office, industrial, retail, multifamily (apartment properties for sale), hotel, land, specialty properties, investment properties and businesses for sale. As of September 30, 2010, the LoopNet marketplace featured more than $450 billion of property available for sale and 6.8 billion square feet of space for lease.