Online Real Estate Marketplace Reports Five-Year Revenue Growth of 4,647 Percent
IRVINE, Calif. – Oct. 19, 2006 – RealtyTrac™ (http://www.realtytrac.com/), the leading online marketplace for foreclosure properties, today announced that it ranked No. 52 on Deloitte’s 2006 Technology Fast 500 — an annual ranking of the 500 fastest growing companies in North America. Rankings are based on percentage revenue growth over five years, from 2001 to 2005. Irvine-based RealtyTrac grew 4,647 percent during this period.
“Our employees and customers deserve all the credit for RealtyTrac’s extraordinary growth and success over the last five years,” said James J. Saccacio, chief executive officer of RealtyTrac. “Our employees have worked hard, listening carefully to what our customers need and want, to transform RealtyTrac into the fastest growing online real estate marketplace. And our customers have chosen RealtyTrac to help them conveniently buy, sell and invest in foreclosures and other real estate — while also providing valuable feedback to make our service even better.
“We’re proud to be the highest-ranked online real estate company on this impressive list, and to be listed alongside companies such as Google, Yahoo!, Genentech and Amgen,” Saccacio added.
“To rank on Deloitte’s Technology Fast 500, companies must have phenomenal revenue growth over five years. RealtyTrac has proven to be one of the fast-growth success stories in North America, and we applaud their dedication to making their vision a reality,” said Tony Kern, deputy managing principal of Deloitte’s Technology, Media & Telecommunications industry practice.
RealtyTrac publishes the largest and most comprehensive national database of foreclosure, auction and bank-owned homes, with nearly 650,000 properties from more than 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal’s Real Estate Journal.
“When our current management team took over control of the business in 2001, there were already a number of companies selling foreclosure lists, but most of the lists were, at best, of questionable value,” Saccacio said. “We decided to focus on building the most comprehensive, accurate database of foreclosure properties, and have continually added features and tools that help our customers successfully find and purchase bargain properties.”
RealtyTrac, which was founded in Santa Barbara in 1996, has consistently ranked among the five most-visited real estate sites over the past two years, with nearly 3 million unique visitors a month, according to MediaMetrix™. The company has expanded the content on its website beyond foreclosure properties to include for-sale-by-owner, resale and new construction homes, increasing the number of properties available for home buyers to over 1 million.
Deloitte’s Technology Fast 500 was announced on the heels of RealtyTrac’s recent placement on the 2006 Inc. 500 — an annual report published by Inc. magazine honoring the 500 fastest-growing private companies based on revenue growth. The company ranked No. 53 on that list.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’s 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2001 to 2005.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company’s operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies’ technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
About RealtyTrac Inc.
Ranked as the third largest real estate site by MediaMetrix, RealtyTrac Inc. (http://www.realtytrac.com/), is the leading online marketplace for foreclosure properties, providing all the resources that home seekers, investors and real estate agents need to locate, evaluate and buy properties below market value. Founded in 1996, RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure, foreclosure, For Sale By Owner, resale and new construction properties, with more than 1 million properties across the country, property reports, productivity tools and extensive professional resources. RealtyTrac hosts nearly 3 million unique visitors monthly and has been chosen to supply foreclosure data to MSN Real Estate, Yahoo! Real Estate,and The Wall Street Journal’s Real Estate Journal. For more information, visit http://www.realtytrac.com/.
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