BETHESDA, MD -- CoStar Group, Inc. (Nasdaq: CSGP), the Internet based, leading provider of information services to the U.S. commercial real estate industry, was selected by Deloitte & Touche as a 2000 Technology Fast 50 Company on Tuesday, October 16 at an awards ceremony in McLean, Virginia.
"Being named to this list reflects the efforts of over 1,000 talented and committed employees at CoStar," said Andrew C. Florance, CEO of CoStar Group. "At CoStar, we remain focused on developing the most comprehensive commercial real estate content available, offering technology-based tools to facilitate real estate transactions and ultimately, creating the industry's first truly centralized, interactive marketplace."
CoStar Group was recognized in the Deloitte & Touche Fast 50 as the eighth fastest growing company in the Maryland region. CoStar has averaged nearly 100 percent year over year revenue growth over the last five years. CoStar also was selected as a Fast 50 company for its development of proprietary technology for the commercial real estate industry, creation of technology related products and ongoing commitment to the research and the development of technology. Additionally, CoStar and other nominees were required to have been in business for a minimum of five years, have 1999 operating revenues equaling more than $1 million, and be headquartered within the geographic boundaries of the Fast 50 program.
In 1999, CoStar also was a Fast 50 winner and later, named to Deloitte & Touche's national Technology Fast 500 list. CoStar will automatically be considered for the national award again since being named to the 2000 Maryland Fast 50 list.
In addition to receiving the award from Deloitte & Touche, CoStar also was named in LocalBusiness.com's quarterly "50 to Watch" list, recognizing Washington-area companies that are newsmakers, change agents and poised for significant growth. LocalBusiness.com reporters and editors researched companies in 27 markets nationwide to determine the list of local enterprises to watch.
About CoStar Group, Inc.
Headquartered in Bethesda, MD, CoStar Group, Inc. is the leading provider of information services to the U.S. commercial real estate industry. CoStar's suite of products offers customers access to the most comprehensive, verified database of U.S. commercial real estate information in over 50 markets. The Company has over 1,000 employees and contractors nationally, including over 700 highly trained commercial real estate research professionals in 27 offices.