Emeryville, Calif. (PRWEB) November 28, 2005
ZipRealty (NASDAQ: ZIPR), a full-service real estate brokerage, has announced the Company was ranked number 59 on the 2005 Deloitte Technology Fast 500, a listing of the fastest growing technology companies in North America. From 2000 to 2004 ZipRealty grew an impressive 4,394 percent making it the highest ranked real estate company on the list. ZipRealty also ranked number eight on the Silicon Valley Technology Fast 50, a regional listing of the 50 fastest growing technology firms.
Rankings are based on percentage revenue growth over five years. Overall, companies that ranked on the 2005 Technology Fast 500 had growth rates ranging from 240 to 73,752 percent over the past five years, with an average growth rate of 2,408 percent.
ZipRealty was founded on the belief that buying or selling a home could be faster, easier and more efficient. Since the Company launched in 1999, the Company has continued to expand its services, offering excellent customer service, savings and convenience to clients in its markets from coast to coast. The Company went public in November 2004, and has closed more than 33,000 real estate transactions worth over $11 billion. In the past year, ZipRealty has expanded into Las Vegas, Houston and Miami, and has announced plans to enter into four-to-six new markets in 2006.
“To be included on Deloitte’s prestigious list of successful technology companies is an honor and a credit to our model, vision and commitment to client service in the real estate industry,” says ZipRealty president and CEO Eric Danziger. “We feel we offer our clients a better way to buy and sell homes, blending proprietary technology and the Internet with experienced agents in our 15 local markets. This model allows us to better serve our customers and make the home buying and selling process easier and more efficient.”
Fast 500 Selection and Qualifications
The Fast 500 list is compiled from Deloitte’s 15 regional North American Fast 50 lists, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 2000 operating revenues of at least $50,000 USD or $75,000 CD for the United States and Canada, respectively, and 2004 operating revenues of at least $1 million USD or CD.
Entrants must be headquartered in North America and must be a “technology company,” defined as a company that owns proprietary technology 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 in a unique way does not qualify.
To see a complete list of 2005 Technology Fast 500 winners, visit http://www.fast500.com.
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 15 major metropolitan areas in 11 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.
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.
This release contains forward-looking statements within the meaning of the “safe harbor” provisions of the federal securities laws, including the Company’s timeline for commencing operations in Miami, future success in the Miami market and launch preparations for Miami. The forward-looking statements are subject to risks and uncertainties that could cause actual events to differ materially from those projected, including the risk factors set forth in the Form 10-Q filed with the SEC by the Company for its fiscal quarter ended September 30, 2005. ZipRealty assumes no obligation to update the forward-looking statements included in this release.
Please visit our website at: http://www.ziprealty.com