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CoStar Group history
CoStar Group company history timeline
RIG's competing print product was called Cornerstone, a quarterly leasing guide first published in 1989.
1989: The first printed directory is published.
But sales began to accelerate in 1990, reaching well more than $500,000.
It was also at this stage, in 1993, that Florance elected to cast his fate with the CoStar product and the electronic delivery of real estate information.
1993: The company sells its printed guide business.
In 1994 RIG gained a toehold in the market by acquiring Space Data Graphics.
A month later the company filed for an initial public offering, revealing that its revenues from 1997 totaled $7.9 million, an 82 percent jump over the previous year, and that its accumulated deficit stood at $11.4 million.
Less than a year after going public, the company's stock grew nearly 400 percent, from its initial $9 price to $44.50 in mid-April 1999.
Completely Web-Based in 2000
2000: The company becomes completely Internet-based.
At the end of 2003 the company possessed no long-term debt and had in hand $97.4 million in cash, cash equivalents, and short-term investments.
The year 2004 also marked CoStar's first foray overseas, when in January of that year it acquired London-based Property Intelligence PLC and its FOCUS brand.
Also in 2004 it launched field research in the United Kingdom and began upgrading the FOCUS service in London and Manchester.
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Zippia gives an in-depth look into the details of CoStar Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about CoStar Group. The employee data is based on information from people who have self-reported their past or current employments at CoStar Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by CoStar Group. The data presented on this page does not represent the view of CoStar Group and its employees or that of Zippia.
CoStar Group may also be known as or be related to CoStar Group, CoStar Group Inc, CoStar Group Inc., CoStar Realty Information Inc, CoStar Realty Information Inc. and Costar Group, Inc.