Andy Florance Named Amongst Inman’s Best of Proptech Award Winners for Entrepreneurs
November 13 2023 - 4:05PM
Business Wire
Andy Florance, Founder and Chief Executive Officer of CoStar
Group (NASDAQ: CSGP), a leading provider of online marketplaces,
information and analytics in the property markets, was named
amongst Inman’s Best of Proptech Award winners for the Entrepreneur
category.
Since his founding of CoStar Group in 1986 to IPO launch in July
1998, Andy has led the company to tremendous success, solidifying
the platform as a dominant market resource and industry-leading
provider of commercial and residential real estate information.
With Andy at the helm and a global workforce of over 5,600
employees across 14 countries, CoStar Group has continued to create
innovative, tech-forward products and services that address market
and client needs across the world.
Despite much of the real estate industry experiencing a
slowdown, CoStar Group has continued to witness incredible growth
in earnings and website traffic across its industry-leading brands.
At the end of the third quarter for 2023, CoStar Group reported its
50th straight quarters of double digit revenue growth with revenue
increasing of 12% year-over-year and net income of $91 million, a
year-over-year increase of 25%. In September 2023, CoStar Group’s
network of U.S. real estate websites saw over 160 million monthly
unique visitors. In particular, Homes.com achieved 100 million
unique monthly visitors, positioning itself one of the fastest
growing home search sites in the industry.
“I’m honored to be recognized as one of Inman’s Best of Proptech
entrepreneur winners,” said Florance. “Entrepreneurial spirit has
been at the core of CoStar Group since its founding and it is an
incredible moment when you see hard work and dedication come full
circle. The company would not be at its market-leading position
today without our talented team and commitment to providing
best-in-class technology solutions. This award exemplifies the
success of our combined efforts and I am proud to be listed amongst
other influential leaders in the proptech industry.”
Inman’s Best of Proptech Awards spotlights the achievements of
the companies and leaders leveraging technology to change the
residential landscape. Inman celebrates the entrepreneurs, VCs and
visionaries that are building the future in the world of property
technology, or proptech.
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a leading provider of online real
estate marketplaces, information, and analytics in the property
markets. Founded in 1986, CoStar Group conducts expansive, ongoing
research to produce and maintain the largest and most comprehensive
database of real estate information. CoStar is the global leader in
commercial real estate information, analytics, and news, enabling
clients to analyze, interpret and gain unmatched insight on
property values, market conditions and availabilities.
Apartments.com is the leading online marketplace for renters
seeking great apartment homes, providing property managers and
owners a proven platform for marketing their properties. LoopNet is
the most heavily trafficked online commercial real estate
marketplace with over twelve million monthly global unique
visitors. STR provides premium data benchmarking, analytics, and
marketplace insights for the global hospitality industry. Ten-X
offers a leading platform for conducting commercial real estate
online auctions and negotiated bids. Homes.com is the fastest
growing online residential marketplace that connects agents,
buyers, and sellers. BureauxLocaux is one of the largest
specialized property portals for buying and leasing commercial real
estate in France. Business Immo is France’s leading commercial real
estate news service. Thomas Daily is Germany’s largest online data
pool in the real estate industry. Belbex is the premier source of
commercial space available to let and for sale in Spain. CoStar
Group’s websites attract nearly 100 million unique monthly
visitors. Headquartered in Washington, DC, CoStar Group maintains
offices throughout the U.S., Europe, Canada, and Asia. From time to
time, we plan to utilize our corporate website, CoStarGroup.com, as
a channel of distribution for material company information. For
more information, visit CoStarGroup.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231113697047/en/
News Media Contact Matthew Blocher CoStar Group (202)
346-6775 mblocher@costargroup.com
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