Homesnap Ranked Number 220th Fastest-Growing Company in North America on Deloitte's 2017 Technology Fast 500™
Attributes 444% revenue growth to fast adoption of Homesnap platform among agents and consumers
ROCKVILLE, Md., Nov. 9, 2017 /PRNewswire/ -- Homesnap announced today that it ranked 220th on Deloitte's Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America, due to the company's revenue growth during this period. Overall, 2017 Technology Fast 500™ companies achieved median revenue growth of 380 percent.
Homesnap Chief Executive Officer John Mazur credits the fast adoption of Homesnap's search platform for real estate agents and their clients, as well as its partnership with the Broker Public Portal (BPP), for the company's growth. He said, "This is an incredibly exciting time for Homesnap. We are closing in on a national footprint, with over 750,000 agents across the country having access to our mobile real estate productivity platform, Homesnap Pro, and millions of consumers searching for their new home on our search platform each month. We couldn't be happier about the direction of the company."
Homesnap has also introduced many new features to its app over the last year, including a real-time updated newsfeed of relevant real estate transactions in the user's key zip codes; new property types (commercial, co-op, lot/land, mobile and multi-family); Augmented Reality "Walk the Property Lines"; a redesigned Homesnap Pro tab; and an in-app mortgage calculator. Homesnap also relaunched its desktop version to closely match the mobile app, and it introduced a number of new marketing products for agents, including DIY Facebook Video Ads, Facebook Ads for Rentals, and Waze Ads for Homesnap.
Homesnap was selected as the public-facing platform of the Broker Public Portal in January 2017. The Broker Public Portal is an industry-grown initiative that sends all leads from listings on the consumer-facing search platform directly to listing agents and brokers, at no charge. The real estate industry has gotten behind the Broker Public Portal, with multiple listing services (MLSs) representing over 750,000 agents sending their listing data to the portal.
About Deloitte's 2017 Technology Fast 500™
Deloitte's Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2013 to 2016.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a U.K. private company limited by guarantee ("DTTL"), its network of member firms and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the U.S. member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
About Homesnap
Homesnap is the highest-rated mobile real estate search platform, used by millions of consumers to explore homes and search listings. Homesnap Pro, the professional version of Homesnap, is the fastest-growing platform for agents – now available to every agent in more than 100 MLSs with over 750,000 members. Both are powered by a specialized homes database that combines MLS data, property tax records, census data, geographic boundaries and more. Homesnap is the public-facing brand of the Broker Public Portal, a collaborative venture between real estate brokerages and MLSs to create a national consumer home search experience defined by simplicity, integrity and common sense. The portal aims to provide consumers with direct access to the most comprehensive, timely and complete property information while adhering to fair display guidelines. More information can be found at http://homesnap.com and http://homesnap.com/bpp.
PR Contact: Gayle Weiswasser, Homesnap, 202-271-3914, [email protected]
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