Click here to close now.

Welcome!

Cloud Expo Authors: Jim Liddle, Andy Jonak, Pat Romanski, Lori MacVittie, ScriptRock Blog

News Feed Item

dotloop Caps Record-Breaking Year, Triples Subscriber Count in 2012

Rapid Customer Uptake Across Biggest Brands, Company Expansion Validate Company's Movement to Eliminate Paperwork's Grip on Real Estate

CINCINNATI, OH -- (Marketwire) -- 01/23/13 -- dotloop, the fastest-growing software company in real estate, today announced that it nearly tripled its paid subscriber count in 2012, ending the year with almost 400,000 subscribers under contract on its cloud-based service. This swift growth is proof of the growing demand for a more digital experience throughout the real estate process as brokers, agents, associations and consumers increasingly turn to dotloop to eliminate paperwork and to make the process easier for everyone involved.

"The rapid growth we experienced in 2012 is a testament to the challenges the collective real estate industry is facing as we look to close the gap between what consumers desire and what they experience when they work with an agent or broker," said Austin Allison, CEO of dotloop. "The only way we close the gap is through leapfrog innovation -- merely iterating just isn't enough. Coupled with an exploding market opportunity and our maniacal focus on customer success, 2012 was a record-breaking year for dotloop and also sets the stage for our next chapter of growth in 2013."

Building on a breakout 2011, the company continued to deliver dramatic levels of growth and innovation on multiple fronts in 2012. Major milestones include:

  • Rapid Subscriber Uptake: During 2012, the number of subscribers under contract grew at a rate of more than 200 percent year-over-year to almost 400,000 subscribers across the United States and Canada. The number of transactions -- or 'loops' -- created by subscribers also surged at a rate of more than 150 percent year-over-year to more than 1.5 million loops created, with more than 12 million documents being uploaded to the service in 2012, a 900 percent increase from 2011.

  • Significant Employee Growth, Key Management Additions: The company nearly tripled its headcount in 2012 to 90 employees, including a number of leadership hires: Garrin Wong as vice president of engineering, Chris Smith as chief paper killer and Chad Humphrey as director of industry relations in October 2012. Additionally, dotloop more than doubled its engineering, mobile development and customer-facing support teams in the last six months. The company expects continued growth in 2013 and plans to nearly double overall headcount again to more than 160 employees.

  • Associations of REALTORS® Get Onboard in a Big Way: The company now counts more than 19 state and regional associations of REALTORS® as customers, including Arizona, Delaware, Florida, Georgia, Metrolist, MLS PIN, Massachusetts, Miami, New Hampshire, Pennsylvania and Vermont. More than 10 of these contracts were signed in the fourth quarter alone.

  • Continued Product Innovation: In 2012, the company announced the availability of dotloop-NOW, a free version of its popular cloud-based service, designed for individual agents to benefit from a better, faster and more secure transaction experience. In addition, dotloop partnered with industry giants EXIT Realty to power its Total Office Resource Center (TORC), which brings the entire real estate process online and RE/MAX to help its broker/owners become more efficient, compliant and profitable. The company also announced a partnership with leading online marketplace Trulia.

  • Impressive Industry Recognition: CEO Allison won Inman News' 'Innovator of the Year' award in 2012, given to the individual who most embodies the spirit of real estate innovation, as well as Best in Biz's Executive of the Year award, Inman's Top 100 Most Influential Real Estate Leaders and was recognized as a Forbes 30 under 30 in 2012. Leading business publication Entrepreneur also featured Allison on its September cover as one of five start-up CEOs who are disrupting their respective industries.

  • Funding from Premier Venture Capital Firm: dotloop raised $7 million in a Series A funding round led by Trinity Ventures, a prominent firm in Silicon Valley known for investments such as Aruba Networks, LoopNet (acquired by CoStar Group, Inc.) and ServiceMax. As general partner Noel Fenton noted, "dotloop has an opportunity to become an industry standard platform for conducting real estate transactions."

About dotloop
dotloop is transforming the real estate industry by providing a secure online platform where any real estate agent can share and electronically sign transaction documents in real-time. As the leading provider of collaborative negotiation services, dotloop is available to service all real estate professionals throughout the United States and Canada. The innovative dotloop platform is a collaborative, wholly web-based negotiation platform that lets users add, adjust, approve and sign documents digitally -- addressing the challenges of security, efficiency and overhead costs in today's real estate industry. For more information, please visit www.dotloop.com.

Follow dotloop on Twitter: https://twitter.com/dotloop
Follow dotloop on Facebook: http://www.facebook.com/dotLoop
Follow dotloop on YouTube: https://www.youtube.com/dotlooptv

Add to Digg Bookmark with del.icio.us Add to Newsvine

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@CloudExpo Stories
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements grow. In his session at DevOps Summit, Marc Hornbeek, Sr. Solutions Architect of DevOps continuous test solutions at Spirent Communications, will explain the best practices of continuous testing at high scale, which is r...
Modern Systems announced completion of a successful project with its new Rapid Program Modernization (eavRPMa"c) software. The eavRPMa"c technology architecturally transforms legacy applications, enabling faster feature development and reducing time-to-market for critical software updates. Working with Modern Systems, the University of California at Santa Barbara (UCSB) leveraged eavRPMa"c to transform its Student Information System from Software AG's Natural syntax to a modern application lev...
Plutora provides enterprise release management and test environment SaaS solutions to clients in North America, Europe and Asia Pacific. Leading companies across a variety of industries, including financial services, telecommunications, retail, pharmaceutical and media, rely on Plutora's SaaS solutions to orchestrate releases and environments faster and with integrity. Products include Plutora Release Manager, Plutora Test Environment Manager and Plutora Deployment Manager.
Hosted PaaS providers have given independent developers and startups huge advantages in efficiency and reduced time-to-market over their more process-bound counterparts in enterprises. Software frameworks are now available that allow enterprise IT departments to provide these same advantages for developers in their own organization. In his workshop session at DevOps Summit, Troy Topnik, ActiveState’s Technical Product Manager, will show how on-prem or cloud-hosted Private PaaS can enable organ...
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on T...
When it comes to building applications, one database definitely does not fit all. Traditional SQL databases are great for storing highly structured, normalized data and performing analytics and reporting. NoSQL has attracted developers with its awesome flexibility, and JSON-centric document stores like Cloudant make web developers incredibly productive by offering a JavaScript environment from end-to-end. Recent Big Data challenges have driven the need for a distributed approach to analytics e...
SYS-CON Events announced today that SafeLogic has been named “Bag Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SafeLogic provides security products for applications in mobile and server/appliance environments. SafeLogic’s flagship product CryptoComply is a FIPS 140-2 validated cryptographic engine designed to secure data on servers, workstations, appliances, mobile devices, and in the Cloud....
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Ras...
SYS-CON Events announced today that the DevOps Institute has been named “Association Sponsor” of SYS-CON's DevOps Summit, which will take place on June 9–11, 2015, at the Javits Center in New York City, NY. The DevOps Institute provides enterprise level training and certification. Working with thought leaders from the DevOps community, the IT Service Management field and the IT training market, the DevOps Institute is setting the standard in quality for DevOps education and training.
Even though it’s now Microservices Journal, long-time fans of SOA World Magazine can take comfort in the fact that the URL – soa.sys-con.com – remains unchanged. And that’s no mistake, as microservices are really nothing more than a new and improved take on the Service-Oriented Architecture (SOA) best practices we struggled to hammer out over the last decade. Skeptics, however, might say that this change is nothing more than an exercise in buzzword-hopping. SOA is passé, and now that people are ...
SYS-CON Events announced today the DevOps Foundation Certification Course, being held June ?, 2015, in conjunction with DevOps Summit and 16th Cloud Expo at the Javits Center in New York City, NY. This sixteen (16) hour course provides an introduction to DevOps – the cultural and professional movement that stresses communication, collaboration, integration and automation in order to improve the flow of work between software developers and IT operations professionals. Improved workflows will res...
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch ...
The WebRTC Summit 2014 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
SOA Software has changed its name to Akana. With roots in Web Services and SOA Governance, Akana has established itself as a leader in API Management and is expanding into cloud integration as an alternative to the traditional heavyweight enterprise service bus (ESB). The company recently announced that it achieved more than 90% year-over-year growth. As Akana, the company now addresses the evolution and diversification of SOA, unifying security, management, and DevOps across SOA, APIs, microser...
The webinar, hosted by XebiaLabs, will feature 4 experts including Special Host Gene Kim, author of The Phoenix Project, along with IT thought leaders Gary Gruver, Randy Shoup and XebiaLabs' Andrew Phillips. The panel brings more than 30 years of collective experience surrounding microservices transformations at major companies including Google, eBay and Tripwire. "The story around microservices and containers is pretty compelling and the attraction of more flexibility is obviously alluring,"...
SYS-CON Events announced today that Creative Business Solutions will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Creative Business Solutions is the top stocking authorized HP Renew Distributor in the U.S. Based out of Long Island, NY, Creative Business Solutions offers a one-stop shop for a diverse range of products including Proliant, Blade and Industry Standard Servers, Networking, Server Options and...
SYS-CON Events announced today that FierceDevOps will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. FierceDevOps keeps software developers and IT operations personnel updated on the latest news and trends around the rapidly evolving role of the traditional IT worker.
GENBAND has announced that SageNet is leveraging the Nuvia platform to deliver Unified Communications as a Service (UCaaS) to its large base of retail and enterprise customers. Nuvia’s cloud-based solution provides SageNet’s customers with a full suite of business communications and collaboration tools. Two large national SageNet retail customers have recently signed up to deploy the Nuvia platform and the company will continue to sell the service to new and existing customers. Nuvia’s capabili...
WHOA.com has announced the newest addition to its data center footprint with the expansion into Equinix's newest state-of-the-art facility: DC-11 Washington, DC IBX+. Located in Ashburn, VA, this data center expands Whoa.com's presence to meet rapidly expanding customer demand for secure cloud solutions. Equinix, Inc. operates International Business Exchange™ (IBX®) data centers in 32 markets across 15 countries in the Americas, EMEA, and Asia-Pacific. Equinix is committed to operating faciliti...
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here