RISMEDIA, Nov. 5, 2007-LoopNet, Inc. which operates an 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.
According to the company, 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 covers all commercial property categories, including office, industrial, retail, multifamily (apartment properties for sale), hotel, land, specialty properties, and businesses for sale.
For more information, visit www.loopnet.com.
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