CoStar`s efforts to court former Xceligent customers after its competitor shut down appear to be paying off.
The D.C.-based commercial real estate data company has signed roughly 1,000 former Xceligent client firms since mid-December, CoStar CEO Andy Florance said on the firm`s quarterly earnings call Thursday.
CoStar had been embroiled in a yearlong legal battle with Xceligent before its competitor ultimately filed for Chapter 7 bankruptcy protection Dec.
14. Florance said this left 5,000 companies nationwide without a
commercial real estate data provider, a potential customer base that he
estimated could yield CoStar an additional $50M in annual revenue....
RSK: Why do I have a love/hate relationship with these guys?
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- - Volume: 6 - WEEK: 10 Date: 3/6/2018 9:16:23 AM -