M&A Deal Summary

LoopNet Acquires REApplications

On August 8, 2008, LoopNet acquired software company REApplications for 9M USD

Acquisition Highlights
  • This is LoopNet’s 1st transaction in the Software sector.
  • This is LoopNet’s largest (disclosed) transaction.
  • This is LoopNet’s 4th transaction in the United States.
  • This is LoopNet’s 3rd transaction in California.

M&A Deal Summary
Date 2008-08-08
Target REApplications
Sector Software
Buyer(s) LoopNet
Deal Type Add-on Acquisition
Deal Value 9M USD

Target

REApplications

San Diego, California, United States
website
Founded in 1999 and headquartered in San Diego, California, REApplications provides a comprehensive integrated suite of commercial brokerage automation software.

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Buyer(S) 1

Buyer

LoopNet

San Francisco, California, United States

website

Category Company
Sector Internet Software and Services
DESCRIPTION

LoopNet is an online marketplace for commercial real estate in the U.S. The Company enables brokers to list properties for sale or for lease and submit detailed information on listings including marketing descriptions, photos, key property statistics and financial and tenant information, in order to find a buyer or tenant. Commercial real estate agents, buyers and tenants use LoopNet to search for listings that meet their criteria.

DEAL STATS #
Overall 4 of 7
Sector (Software) 1 of 1
Type (Add-on Acquisition) 4 of 7
State (California) 3 of 4
Country (United States) 4 of 7
Year (2008) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-29 LandAndFarm.com

San Francisco, California, United States

LandAndFarm.com Inc. operates a rural property real estate listing service for buyers and sellers of rural property.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-26 BizQuest

Glendora, California, United States

BizQuest.com is aggregates sellers, buyers and brokers in the small business-for-sale market. BizQuest offers over 35,000 businesses for sale, an industry-leading franchise directory, as well as other tools and services for aspiring small business buyers and sellers.

Buy -
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