PRESS RELEASE DETAIL


May 07, 2012

CoStar Group, Inc. Chosen as Dual Winner of 2012 AWE Workplace Excellence Award and 2012 Health & Wellness Trailblazer Award

Awards Recognize Employers in the Greater Washington, DC Area for Their Accomplishments in Creating Outstanding Places to Work

Awards Recognize Employers in the Greater Washington, DC Area for Their Accomplishments in Creating Outstanding Places to Work

WASHINGTON, DC –  May 7, 2012 – CoStar Group, Inc. (NASDAQ: CSGP), commercial real estate's leading provider of  information, analytic and marketing services , today announced that the Alliance for Workplace Excellence (AWE) has chosen CoStar as a dual winner of their prestigious 2012 Workplace Excellence Award and 2012 Health & Wellness Trailblazer Award. CoStar joins some of America's most admired companies, including Booz Allen Hamilton, Human Genome Sciences, KPMG and Marriott International as a 2012 honoree.

The Workplace Excellence and Health & Wellness Trailblazer Awards highlight businesses that promote professional fulfillment and personal wellness at work, at home and in the community.  As described by AWE, all award applicants undergo a rigorous assessment process led by an independent review panel of professors, PhD professionals, and doctoral candidates in business, industrial and organizational psychology, and human resources.  Excellent Workplace and Health & Wellness Trailblazer Award winners demonstrated equal merit in each of the following categories:

  • Workforce Demographics
  • Management Practices
  • Employee Engagement
  • Corporate Social Responsibility
  • Diversity and Inclusion
  • Total Rewards Programs and Benefits
  • Health & Wellness Programs and Initiatives
  • Employee Voice Survey

“CoStar is proud to be recognized by the AWE for our commitment to creating an exemplary workplace for our colleagues,” said CoStar Group Founder and CEO Andrew C. Florance. “This affirms our continuing efforts to provide headquarters staff with a work environment that is second to none. We’re especially pleased by the fact that a portion of the judging is based on an independent, confidential survey of our employees.”

The AWE will host its Annual Awards Luncheon on June 11, 2012, at the Bethesda North Marriott Hotel and Conference Center.  Seventy-three Washington, DC-area businesses will be honored at the event, and more than 500 area business executives are expected to attend. 

About the Alliance for Workplace Excellence

The Alliance for Workplace Excellence provides a portfolio of services that allow employers to build excellent places to work.  Recognizing existing Excellent Places to Work, Health & Wellness Trailblazers and EcoLeaders throughout the mid-Atlantic region is one component of the Alliance’s mission.

The Alliance is a 501(c)3 nonprofit organization founded by Montgomery County, Maryland, and Discovery Communications, Inc. For more information, visit  http://www.excellentworkplace.org .

 

About CoStar Group, Inc.

CoStar Group (NASDAQ: CSGP) is commercial real estate's leading provider of information, analytics services and marketing. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. Through LoopNet, the Company operates the most heavily trafficked commercial real estate marketplace online with more than 5.8 million registered members and 3.6 million unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe including the industry's largest professional research organization. For more information, visit  www.costar.com .

This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about CoStar's the company's plans, objectives, expectations and intentions and other statements including words such as “hope,” "anticipate," "may," "believe," "expect," "intend," "will," "should," "plan," "estimate," "predict,", "continue" “commitment” and "potential" or the negative of these terms or other comparable terminology. Such statements are based upon the current beliefs and expectations of management of CoStar and are subject to significant risks and uncertainties. Actual results may differ materially from the results anticipated in the forward-looking statements. Additional factors that could cause results to differ materially from those anticipated in the forward-looking statements can be found in CoStar’s Annual Report on Form 10-K for the year ended December 31, 2011, and CoStar’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2012, each filed with the SEC, including in the “Risk Factors” section of each filing, and the company’s other filings with the SEC available at the SEC’s website ( www.sec.gov ).  CoStar does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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