CoStar Group Strengths, Domain Expertise, and Key Differentiators
CoStar Real Estate Manager harnesses real estate and lease data in order to make smarter decisions and enable teams to work together more efficiently with their platform of cloud-based software, professional services, and industry-leading market information. They offer proven solutions for lease accounting, lease administration and the management of portfolios, transactions, projects, and construction.
Virtual Premise's subscription-based clients use the SaaS (software as a service) solutions to increase the efficiency of real estate management processes, reduce occupancy costs and improve utilization of real estate assets.
The company's lease administration module allows clients to manage and monitor lease expirations, rental payments, renewal options, and transactions and projects.
CoStar Group Recent Developments
In February 2019, CoStar Group unveiled an expanded agreement with Oxford Economics, the leading global economic advisory firm and provider of economic data, analysis, and forecasts. Oxford Economics will provide CoStar with the economic data and forecasts used in CoStar’s product offerings and commercial real estate forecasting models across the United States, Europe, and Canada.
CoStar Group in February 2017, launched Apartamentos.com, the nation’s only apartment-listing site exclusively in Spanish. Built and tailored to meet the needs of Spanish language households in the U.S., Apartamentos.com is the newest addition to the Apartments.com network of sites – the most trafficked apartment listing network in the industry, providing the largest choice of inventory.
CoStar Group Mergers and Acquisitions (M&A) Activities
In October 2018, RingCentral completed its acquisition of Dimelo, a leading cloud-based digital customer engagement platform. In November 2018, CoStar Group acquired Cozy Services, a leading provider of online rental solutions, for $68 million. Cozy provides a broad spectrum of services to both landlords and tenants, including property listings, rent estimates, rental applications, tenant screening, online rent payments, and expense tracking.
CoStar also acquired Virtual Premise, an independent provider of SaaS-based real estate information management solutions. The Atlanta-based, privately held company develops and hosts real estate management software and provides lease abstraction services for over 250 major corporations, commercial real estate brokers, retailers and property owners.
CoStar Group Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying CoStar Group applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of CoStar Group and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified CoStar Real Estate Manager, Virtual Premise customers.
CoStar Group Overview
Ownership: - NasdaqGS : CSGP
Number of Employees: 3700
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil and Gas, Professional Services, Retail, Transportation, Utility,
CoStar Group Key Enterprise and Cloud Applications
CoStar Real Estate Manager, Virtual Premise
CoStar Group Revenues, $M:
|Type/Year||2017||2018||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
CoStar Group Revenue Breakdown By Type, $M:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
CoStar Group Enterprise Applications Revenues By Functional Markets, $M:
CoStar Group Enterprise Applications Revenues By Verticals, $M:
CoStar Group Revenues By Region, $M
|Region||% of Total Revenues||2018 Total Revenues, $M||2018 Enterprise Applications Revenues, $M||2018 Cloud Applications Revenues, $M|
CoStar Group Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
CoStar Group Customers - Breakdown by Geo, Size, Vertical and Product
No. of CoStar Group Customers: x
No. of CoStar Group Enterprise Applications Customers: x
No. of CoStar Group Cloud Customers: x
No. of CoStar Group Cloud Subscribers: x
CoStar has more than a thousand customers around the world.
Among CoStar customers are American Airlines, Charles Schwab, Verizon, Progressive Insurance, CBRE Group, Cushman & Wakefield, JLL, SJP Properties, and many others.
CoStar Group Market Opportunities, M&A and Geo Expansions
In October 2018, CoStar Group acquired Realla, the UK's largest public portal specialized in commercial property. This acquisition is strategic for CoStar. Not only has Realla been extremely successful at creating the UK's largest commercial property-specific listings platform, with good brand recognition and excellent traffic, it has also developed a wealth of expertise in capturing listings data in other European markets, which fits well with CoStar's pan European expansion strategy.
Reflecting its position as a global leader in commercial real estate intelligence, In May 2014 CoStar Group launched a new brand identity.
The new branding, which includes a new logo and brand architecture, was designed to unite CoStar Group’s flagship brands with a modern, cohesive look that will enhance customers’ access to the full breadth of the company’s industry-leading information, analytics, and marketplace solutions.
CoStar signed roughly 1,000 former Xceligent client firms since mid-December. CoStar had been embroiled in a yearlong legal battle with Xceligent before its competitor ultimately filed for Chapter 7 bankruptcy protection Dec.14th, 2018.
CoStar Group Risks and Challenges
Integration of the latest acquisitions and multiple product suits under one umbrella will be a challenge for CoStar.
CoStar Group Ecosystem, Partners, Resellers and SI
BDO USA and CoStar Real Estate Manager, unveiled strategic alliance under which BDO and CoStar will team to provide companies with an end-to-end solution to meet the looming deadlines for compliance with new lease accounting standards recently finalized by the U.S.
Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB).
CoStar Group partnered with the U.S. Department of Energy (DOE) to advance and promote commercial and industrial buildings’ energy usage information. CoStar plans to display building energy efficiency and energy performance information in the CoStar Property database.
CoStar Group Cloud Infrastructure Insights
Subscribe to read more about:
- CoStar Group Public Cloud and Infrastructure (IaaS)
- CoStar Group Platform (PaaS)
- CoStar Group Application Delivery
- CoStar Group Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:https://www.appsruntheworld.com/About Us
Copyright © 2020, APPS RUN THE WORLD