BNET Industries
Market Cap:$350.6M
Last Fiscal Year Sales:$48.4M
- Public
- US
Dow Jones Description
LoopNet, Inc. is the leading online marketplace for commercial real estate and businesses for sale in the United States. Our online marketplace enables commercial real estate agents, working on behalf of property owners and landlords, to list properties for sale or for lease by submitting detailed property listing information in order to find a buyer or tenant. Commercial real estate brokers, agents, buyers and tenants use the LoopNet online marketplace to search for available property listings that meet their commercial real estate criteria. By connecting the sources of commercial real estate supply and demand in an efficient manner, LoopNet enables commercial real estate participants to initiate and complete more transactions more cost-effectively than through other means. LoopNet also delivers technology and information services to commercial real estate organizations to manage their online listing presence and optimize property marketing.
Chairman, President & CEO
Richard J. BoyleNumber of Employees 138
Contact Information
185 Berry Street
Suite 4000
San Francisco, California 94107
(415) 243-4200
Peer Companies
NAICS Code Real Estate Credit: 522292
Recent Events
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LoopNet, Inc. Announces Third Quarter 2009 Financial Results
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LoopNet to Announce Third Quarter 2009 Financial Results on October 28, 2009, After Market Close
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B. Riley & Co. LLC initiates coverage of LoopNet Inc at 'buy'
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B. Riley Upgrades CoStar CSGP to Buy, Starts LoopNet LOOP at Buy
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LoopNet, Inc. Announces Second Quarter 2009 Financial Results
News & Analysis
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loopnet inc. - All News and Analysis
LoopNet Inc. Q3 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Your first question comes from the line of John Blackledge. Please proceed. John Blackledge - Credit Suisse Thanks. Rich Boyle Hey John, how are you? John Blackledge - Credit Suisse Thanks for taking the question, nice quarter. I guess you kind of addressed the...
LoopNet Inc. Q2 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from John Blackledge - Credit Suisse. John Blackledge - Credit Suisse Thank you. Thanks for taking my call. Just a couple of questions, so you guys have $120 million in cash or about $3 per share after the capital injection,...
LoopNet Inc. Q2 2009 Earnings Call Transcript
LoopNet Inc. LOOP Q2 2009 Earnings Call July 29, 2009; 4:30 pm ET
LoopNet, Inc. Q1 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions And our first question comes from the line of John Blackledge with Credit Suisse. Please proceed. John Blackledge – Credit Suisse Thanks for taking the question. Rich Boyle Hi John. John Blackledge – Credit Suisse Hi how are you guys? I just want to ask...
LoopNet: 5 Reasons to Stay Away
Zacks.com submits: Shares of LoopNet, Inc. LOOP have traded higher in recent weeks after hitting a low in early March. The company reported first-quarter results yesterday after the close, and reinforced several reasons why we believe a lower valuation is appropriate for the shares at this time.First, key...
LoopNet, Inc., Q4 2008 Earnings Call Transcript
Question-and-Answer Session Operator Thank you, sir. Operator Instructions. Our first question comes from Brett Huff from Stephens, Inc. Brett Huff - Stephens, Inc. Good afternoon, guys. Rich Boyle Hi, Brett. Brett Huff - Stephens, Inc. A couple of quick questions here and I think some of...
Loopnet: Expecting Results That Exceed Expected Results
eChristian Investing submits: LoopNet LOOP is scheduled to report its fourth quarter 2008 results after the market closes on Wednesday, February 11. Based on our analysis, we are expecting LOOP to report better than expected results that exceed Wall Street's expectations. Analyst Expectations by eChristian Investing
LoopNet, Inc. Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you, sir. Operator instructions Our first question comes from Steve Weinstein from Pacific Crest, your line is open. Steve Weinstein – Pacific Crest Securities Great, thanks a lot. I’m just wondering if from where you’re sitting today how you’re thinking about the pricing structure as you...
LoopNet: Expecting Strong Earnings, but Bleak Outlook for Real Estate
eChristian Investing submits: LoopNet is scheduled to report third quarter 2008 results after the market closes on Thursday, October 30. Based on our analysis, we at eChristianInvesting are expecting LOOP to report better than expected results that beat Wall Street’s consensus expectations. Analyst Expectations We are forecasting revenues...
On-Demand Index: Online and Up-to-Date
The On-Demand Index [ODI] is now available online and up-to-date (with a potential delay of 20 minutes for stock quotes.) I am using Google Docs and Google Finance to present the index. This is appropriate, if we are tracking on-demand or SaaS software as a service stocks we should use...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Thomas P. Byrne | President and Chief Operating Officer |
| Brent Stumme | CFO, Senior Vice President, Finance & Admin |
| Jason Greenman | Chief Product Officer & Senior Vice President, Business & Product Development |
| Wayne Warthen | CTO & Senior Vice President, IT |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Richard J. Boyle | Chairman, President & CEO |
| Noel Fenton | Board of Directors |
| Scott Ingraham | Board of Directors |
| Tom Unterman | Board of Directors |
| William A. Millichap | Board of Directors |
Boyle joined LoopNet in 1999 as Vice President and was in charge of product and technology development and operations. He was promoted to President and CEO in 2001 and led the company to profitability and a successful initial public offering. After reaching annual revenues exceeding $70 million in 2007, Boyle continues to focus on LoopNet growth in his current role as Chief Executive Officer. Boyle has spent over 18 years working for software and information services businesses. Prior to joining LoopNet, he was Senior Vice President of Products and Technology at Risk Management Solutions, the market leader in catastrophic risk management for insurers and other financial institutions. His experience also includes various positions in other software and information services businesses, including both engineering and management roles. Boyle holds a B.S. in Electrical Engineering from Stanford University
| Organization | Position | Status |
|---|---|---|
| LoopNet, Inc. | Chairman, President & CEO | Current |
| Risk Management Solutions Inc. | Senior Vice President of Products & Technology | Former |
| LoopNet, Inc. | Vice President | Former |
| Stanford University | B.S. in Electrical Engineering | Former |
As President and Chief Operating Officer, Tom Byrne is responsible for the company's P&L and leads day-to-day business operations, marketing, sales, account management, engineering and product development of the company. Byrne joined LoopNet in 2002 and was responsible for the marketing, sales, client service and account management efforts before being promoted to President and Chief Operating Officer in 2008. Prior to joining LoopNet, Byrne served as Group Vice President of NextCard's Secured Card business unit responsible for the business unit's P&L and for all functional groups including strategy, marketing, client services, portfolio management and finance. Byrne successfully led the NextCard business unit to cashflow breakeven and profitability. Prior to NextCard, Byrne held management positions at McKinsey & Company and spent five years with Prudential working in various investment capacities, including the Prudential Real Estate Group, in both commercial real estate and mortgage loan workout groups. Byrne holds a MBA from the Harvard Business School and has a B.S. of Electrical Engineering, with highest honors, from Georgia Tech
| Organization | Position | Status |
|---|---|---|
| LoopNet, Inc. | President and Chief Operating Officer | Current |
| LoopNet, Inc. | Senior Vice President, Marketing, Sales & Chief Marketing Officer | Former |
| NextCard, Inc. | Group Vice President, Secured Card | Former |
| NextCard, Inc. | Vice President, E-commerce | Former |
| McKinsey & Company, Inc. | Business, Operational, and Marketing Strategies | Former |
| Harvard Business School | MBA | Former |
| Prudential Financial, Inc. | Real Estate Group | Former |
| Georgia Institute of Technology | B.S. in Electrical Engineering | Former |
As Chief Financial Officer, Brent Stumme oversees the financial affairs of the company, capital formation and allocation, financial reporting to shareholders and maintaining communications with commercial bankers and the investment community. Previously, Stumme was Senior Finance Executive of the $550-million CalMat division of Vulcan Materials Company, a New York Stock Exchange-listed construction materials firm. Before CalMat was acquired by Vulcan Materials, he was CalMat's Vice President and Corporate Controller, responsible for Securities and Exchange Commission reporting, and building and improving the company's financial infrastructure. Stumme's other experience includes various financial management roles at The Coca-Cola Company and The Walt Disney Company. Stumme holds a B.S. in Accounting from the University of Oregon and an M.B.A. from the University of Southern California. He is also a Certified Public Accountant.
| Organization | Position | Status |
|---|---|---|
| LoopNet, Inc. | CFO, Senior Vice President, Finance & Admin | Current |
| CalMat Leasing Co. | Vice President and Corporate Controller | Former |
| Vulcan Materials Company | Senior Finance Executive, CalMat Division | Former |
| The Coca-Cola Company | Financial Management | Former |
| The Walt Disney Company | Financial Management | Former |
| University of Southern California | MBA | Former |
| University of Oregon | B.S. in Accounting | Former |
As Chief Strategy Officer, Jason Greenman is responsible for corporate strategy as well as LoopNet's mergers & acquisitions activity, strategic investments, business development and strategic alliances. Greenman has been with LoopNet since 2001, and was previously Chief Product Officer, overseeing all of LoopNet's product lines. Greenman joined LoopNet with over 12 years of strategic business development, marketing and product development experience, all at high-technology ventures. Prior to LoopNet, he co-founded and served as SVP, Business Development, for Clareon Corporation, a provider of internet-based electronic payment services to Fortune 500 corporations. At Clareon, Greenman negotiated strategic alliances with many major firms, including Morgan Stanley and FleetBoston Financial (now BofA). From 1992 to 1998, Greenman held several positions with Infinity Financial Technology, a leading financial services software provider. He established the firm's European operations, forming key strategic alliances and making the firm's first sales in the region, and later built and managed the company's product management and marketing groups, as well as Infinity's global business development group. An early member of the management team at Infinity, Jason helped grow the company's annual revenues to $120 million, culminating in a successful IPO and ultimate acquisition by SunGard that valued the firm at over $500 million. Greenman holds a Master's degree in Management from the Stanford University Graduate School of Business, where he was a Sloan Fellow. He also has a B.S. in Product Design with distinction from Stanford.
| Organization | Position | Status |
|---|---|---|
| LoopNet, Inc. | Chief Product Officer & Senior Vice President, Business & Product Development | Current |
| Clareon Corporation | Senior Vice President, Business Development | Former |
| Clareon Corporation | Co-Founder | Former |
| Stanford University | B.S. in Product Design | Former |
| Stanford University | Master’s degree in Management | Former |
| Infinity | European Operations | Former |
As Chief Technology Officer, Wayne Warthen directs LoopNet's data center and network operations, and oversees design and development of the company's Web and software applications. Previously, he was Director of Internet Infrastructure, PC/LAN services and Business Development for Experian Information Solutions, where he developed the company's first nationwide Intranet solution. Wayne was also Director of the FileOne Computing Environment for TRW Information Systems. Warthen holds a B.A. in Economics from California State University at Fullerton.
| Organization | Position | Status |
|---|---|---|
| LoopNet, Inc. | CTO & Senior Vice President, IT | Current |
| TRW, Inc. | Director of the FileOne Computing Environment | Former |
| California State University, Fullerton | B.A. in Economics | Former |
| Organization | Position | Status |
|---|---|---|
| Trinity Ventures | Co-Founder | Former |
| Id Analytics, Inc. | Board of Directors | Current |
| Mynewplace | Board of Directors | Current |
| Fuego, Inc. | Director | Current |
| SciQuest, Inc. | Director | Current |
| Fletcher Spaght Ventures, L.P. | Advisory Board Member | Current |
| LoopNet, Inc. | Board of Directors | Current |
| Intelligent Interactions Corporation | Investor | Current |
| Forte Software | Investor | Current |
| Fuego, Inc. | Investor | Current |
| Trinity Ventures | General Partner | Former |
| American Electronics Association | Chairman | Former |
| Requisite Technology Inc. | Board of Directors | Former |
| Stanford Graduate School of Business | M.B.A. | Former |
| Cornell University | B.S., Chemistry | Former |
| Organization | Position | Status |
|---|---|---|
| Kilroy Realty Corporation | Chairman | Current |
| LoopNet, Inc. | Board of Directors | Current |
| Camden Property Trust | Board of Directors | Current |
| Leadpoint, Inc. | Board of Directors | Current |
| Santa Fe Summit | Member of The Company's Board | Current |
| Rent.com | CEO | Former |
| Rent.com | Chairman | Former |
| Kilroy Realty Corporation | Board of Directors | Former |
| The University of Texas at Austin | BA in Finance | Former |
Tom Unterman founded Rustic Canyon in 1999 after a long career as a corporate executive and prior to that, a corporate lawyer. He continues to serve as managing partner. From 1992 though 1999, he held several executive positions at the Times Mirror Company, most recently as its Executive Vice President and Chief Financial Officer. Prior to joining Times Mirror, Tom was a partner of the law firm of Morrison & Foerster LLP, which he joined after serving as a partner of Orrick, Herrington & Sutcliffe LLP. He earned his bachelor's degree from Princeton University before receiving his law degree from the University of Chicago. Tom currently serves on the boards of the California Community Foundation, The Los Angeles Museum of Contemporary Art, The Public Library of Science, Heal the Bay and Pacific Community Ventures.
| Organization | Position | Status |
|---|---|---|
| Rustic Canyon | Chief Executive Officer | Current |
| Rustic Canyon | Managing Partner | Former |
| Practice Technologies, Inc. | Board Member | Current |
| Heal The Bay | Board of Directors | Current |
| The Appleseed Foundation | Board Member | Current |
| Element K LLC | Board Member | Current |
| Fulcrum Bioenergy, Inc. | Director | Current |
| Pacific Community Ventures | Board of Director | Current |
| Public-Library.Com | Board of Directors | Current |
| Agribuys | Board Member | Current |
| California Community Foundation | Board of Directors | Current |
| LoopNet, Inc. | Board of Directors | Current |
| Plos Co | Board of Directors | Current |
| The Times Mirror Company | CFO | Former |
| The Times Mirror Company | Executive Vice President | Former |
| Morrison & Foerster LLP | Partner | Former |
| Orrick, Herrington & Sutcliffe LLP | Partner | Former |
| Rustic Canyon | Corporate Executive | Former |
| Kcrw Foundation, Inc. | Board of Directors | Former |
| Princeton University | Bachelor's Degree | Former |
| University of Chicago | Law Degree | Former |
| The University of Chicago Law School | Former |
| Organization | Position | Status |
|---|---|---|
| Marcus & Millichap Real Estate Investment Brokerage Company | Managing Partner | Current |
| Marcus & Millichap Venture Partners | Managing Partner | Current |
| Hanover Financial Company | Co-Chairman | Current |
| Marcus & Millichap Real Estate Investment Company | Chairman | Current |
| Essex Property Trust, Inc. | Board Member | Current |
| Urban Land Institute | Board Member | Current |
| LoopNet, Inc. | Board of Directors | Current |
| Homesphere, Inc. | Investor | Current |
| Corrigo, Inc. | Investor | Current |
| Catalist Homes, Inc. | Investor | Current |
| Marcus & Millichap Real Estate Investment Brokerage Company | President | Former |
| Steven Schor Inc. | Founder | Former |
| Accruent, Inc. | Investor | Former |
| University of Maryland | BA | Former |
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