WASHINGTON–(BUSINESS WIRE)–CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplace, information and analysis in the commercial and residential real estate markets, has been selected as a Tech 100 Honoree by the Northern Virginia Technology Council (NVTC), the membership and trade association for the technology community in Northern Virginia.
The NVTC Tech 100 nomination continues a remarkable year for the CoStar Group in terms of company and employee growth. CoStar Group was recently selected for inclusion in the S&P 500 Index, one of the leading benchmarks in the US stock market. The company remains focused on internal and external growth and now employs over 5,400 people – a whopping 25% year-to-date increase – and over 25 brands around the world, including recent expansion into European markets.
This year, the CoStar Group also celebrated groundbreaking for an expansion of its research and technology center in Richmond, Virginia. With the two new buildings, CoStar plans to create an additional 2,000 jobs on the 1 million square foot corporate campus, solidifying its position as the largest technology company and one of the largest private employers in Richmond.
“It is an honor that the CoStar Group is recognized as one of the leading technology companies in the Washington area,” said Andy Florance, founder and chief executive officer of the CoStar Group. “This nomination reflects our ongoing commitment to hire high caliber talent, drive new product development and pursue the highest quality information to better serve our customers and team members. Thank you NVTC for this recognition and thank you to all of our employees who have contributed to this moment and who have worked tirelessly every day to make CoStar the world leader in real estate analytics.”
“2022 has been a year of tremendous growth for our region’s technology hub, thanks to dynamic companies and individuals innovating and making a positive impact on the world. Their contributions are why our region is one of the most vibrant and collaborative technology communities in the country,” said Jennifer Taylor, NVTC President and CEO. “NVTC congratulates the CoStar Group on having excelled in their company and in their respective industries. Even in these unprecedented times, the future of our tech community is brighter than ever because of the meaningful contributions of these leaders and companies.”
The NVTC Tech 100 honors the top companies and leaders in the technology community in the Washington area. With categories representing the region’s most important and growing sectors of the technology industry, this program highlights the innovative companies that are driving innovation, implementing new solutions for their customers and leading the region’s growth.
About CoStar Group, Inc.
CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplace, information and analysis to the real estate markets. Founded in 1987, CoStar conducts extensive, ongoing research to create and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyse, interpret and gain unmatched insight into commercial property values, market conditions and current availability. STR provides best-in-class data benchmarking, analytics and market insights for the global hospitality industry. Ten-X provides a leading platform for conducting online commercial property auctions and negotiated bids. LoopNet is the most heavily trafficked online marketplace for commercial real estate. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com make up the leading online apartment resource for renters looking for great homes, and offer property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides easy-to-use applications to streamline the home agent workflow and strengthen the agent-client relationship. Homes.com provides residential real estate advertising and marketing services to real estate professionals. Realla is the UK’s most comprehensive digital marketplace for commercial property. BureauxLocaux is one of the largest specialized real estate portals for buying and renting commercial real estate in France. The CoStar Group websites attract tens of millions of unique visitors monthly. CoStar Group is headquartered in Washington, DC with offices in the US, Europe, Canada and Asia. From time to time, we plan to use our corporate website, CoStarGroup.com, as a distribution channel for material corporate information.
This press release contains “forward-looking statements,” including, but not limited to, statements regarding CoStar Group’s expectations, beliefs, intentions or strategies regarding the future. These statements are based on current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements, including the risk that CoStar’s business, expansion, construction and growth plans and needs may change change groups; the risk that expansion plans will not create or effect anticipated benefits or result in CoStar Group becoming the largest technology company in Richmond; the possibility that the company will not be able to or will not create the expected number of jobs; and the risk that the Company will not be able to recruit or retain the number of employees currently expected or to fill the number of positions created. Additional information about potential factors that could cause actual results to differ materially from those discussed in the forward-looking statements includes, among other things, that set forth in CoStar Group’s filings with the Securities and Exchange Commission from time to time , including CoStar’s annual report on Form 10-K for the year ended December 31, 2021 and quarterly reports on Form 10-Q for the quarters ended March 31, 2022, June 30, 2022 and September 30, 2022, each filed at the SEC, including in the “Risk Factors” section of these filings, as well as CoStar’s other filings with the SEC, which are available on the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar as of the date of this release, and CoStar undertakes no obligation to update any such statements, whether as a result of new information, future events or otherwise.