Bay Area-Based Brokerage Fifth Regionally, 97th Nationally, on List of Fastest Growing Technology Companies
EMERYVILLE, Calif., Oct. 26 /PRNewswire-FirstCall/ -- ZipRealty (NASDAQ:ZIPR) (http://www.ziprealty.com/), a national, full service real estate brokerage, announced today that it maintained its spot as the highest-ranked real estate brokerage in the 2006 Deloitte Technology Fast 500 for the second consecutive year.
With a five-year growth performance of 2,257 percent, ZipRealty ranked in the top 100 nationally as well as fifth regionally in the Internet, Media & Entertainment and Communication category of the Technology Fast 50 for Silicon Valley.
A prestigious listing of the fastest growing technology companies in North America, the Deloitte Technology Fast 50 and Fast 500 rankings are based on the percentage revenue growth over five years from 2001 to 2005. Overall, Bay Area Internet and technology companies listed on the Technology Fast 50 grew anywhere from 126 percent to 13,251 percent, with an average growth rate of 1,859 percent.
ZipRealty was founded in 1999 on the belief that buying or selling a home could be faster, easier and more efficient. The company, since its launch, has continued to expand its services, offering excellent customer service, substantial savings and convenience to clients in its markets from coast to coast. ZipRealty went public in November 2004, and has expanded into 20 markets throughout the country including five new markets in 2006: Palm Beach, Austin, Minneapolis-St. Paul, Orlando and Tampa.
"To be recognized by Deloitte as one of the fasting growing technology companies both nationally and here in the Bay Area is a tremendous honor," said Gary Beasley, ZipRealty's president and chief financial officer. "ZipRealty's substantial growth over the past five years can be attributed to our continued commitment to offering our clients a better way to buy and sell real estate, blending our agents' experience and local-market knowledge with proprietary technology and the Internet." About Technology Fast 50 Program To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies.
About ZipRealty ZipRealty is a full-service residential real estate brokerage firm. The Company uses the Internet, proprietary technology and efficient business processes to provide home buyers and sellers with high-quality service and value. Founded in 1999, the Company currently operates in 20 major metropolitan areas in 12 states and the District of Columbia. The Company's client-centric business strategy utilizes a sophisticated Web site, which enables home buyers and sellers to access comprehensive local Multiple Listing Services home listings data and other relevant information. The Company also utilizes a proprietary business management technology platform, which reduces costs and allows the Company to pass on significant financial savings to consumers. This Internet-enabled, technology-driven, employee-based model provides the Company with a distinct competitive advantage, allowing ZipRealty to consistently deliver outstanding service to clients. For more information on ZipRealty, visit http://www.ziprealty.com/ or call 1-800-CALL-ZIP (1-800-225-5947).
About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
Ceci DeLaMontanya Marcus Gamo
Allison & Partners Allison & Partners
415-277-4909 415-277-4925
DATASOURCE: ZipRealty CONTACT: Ceci DeLaMontanya, +1-415-277-4909, or , or Marcus Gamo, +1-415-277-4925, or , both of Allison & Partners, for ZipRealty Web site: http://www.ziprealty.com/
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