M&A Deal Summary

LoopNet Acquires LandsofAmerica.com

On September 14, 2010, LoopNet acquired internet software and services company LandsofAmerica.com

Acquisition Highlights
  • This is LoopNet’s 6th transaction in the Internet Software and Services sector.
  • This is LoopNet’s 7th transaction in the United States.
  • This is LoopNet’s 1st transaction in Texas.

M&A Deal Summary

Date 2010-09-14
Target LandsofAmerica.com
Sector Internet Software and Services
Buyer(s) LoopNet
Deal Type Add-on Acquisition

Target

LandsofAmerica.com

Austin, Texas, United States
LandsofAmerica.com is a rural real estate listing network. The company owns and operates websites that are targeted at buyers and sellers of land, farms, ranches, lake houses, mountain properties, timberland and rural residential homes.

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Buyer(S) 1

Buyer

LoopNet

San Francisco, California, United States

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 7 of 7
Sector: Internet Software and Services M&A 6 of 6
Type: Add-on Acquisition M&A Deals 7 of 7
State: Texas M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2010 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-31 Reaction Web

Centennial, Colorado, United States

Reaction Web develops client focused, custom web sites that allow brokerage firms and brokerage teams to market listings to potential investors and enhance the sales process.

Buy -