Welcome!

@CloudExpo Authors: Liz McMillan, Pat Romanski, Mehdi Daoudi, Elizabeth White, Rene Buest

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
Enterprise architects are increasingly adopting multi-cloud strategies as they seek to utilize existing data center assets, leverage the advantages of cloud computing and avoid cloud vendor lock-in. This requires a globally aware traffic management strategy that can monitor infrastructure health across data centers and end-user experience globally, while responding to control changes and system specification at the speed of today’s DevOps teams. In his session at 20th Cloud Expo, Josh Gray, Chie...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. Jack Norris reviews best practices to show how companies develop, deploy, and dynamically update these applications and how this data-first...
Intelligent Automation is now one of the key business imperatives for CIOs and CISOs impacting all areas of business today. In his session at 21st Cloud Expo, Brian Boeggeman, VP Alliances & Partnerships at Ayehu, will talk about how business value is created and delivered through intelligent automation to today’s enterprises. The open ecosystem platform approach toward Intelligent Automation that Ayehu delivers to the market is core to enabling the creation of the self-driving enterprise.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., discussed how these tools can be leveraged to develop a lasting competitive advantage ...
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, presented an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He then expounded on the industry issues he frequently came up against as an analyst, and ...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, will provide a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to ...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
Because IoT devices are deployed in mission-critical environments more than ever before, it’s increasingly imperative they be truly smart. IoT sensors simply stockpiling data isn’t useful. IoT must be artificially and naturally intelligent in order to provide more value In his session at @ThingsExpo, John Crupi, Vice President and Engineering System Architect at Greenwave Systems, will discuss how IoT artificial intelligence (AI) can be carried out via edge analytics and machine learning techn...
FinTechs use the cloud to operate at the speed and scale of digital financial activity, but are often hindered by the complexity of managing security and compliance in the cloud. In his session at 20th Cloud Expo, Sesh Murthy, co-founder and CTO of Cloud Raxak, showed how proactive and automated cloud security enables FinTechs to leverage the cloud to achieve their business goals. Through business-driven cloud security, FinTechs can speed time-to-market, diminish risk and costs, maintain continu...
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...
Existing Big Data solutions are mainly focused on the discovery and analysis of data. The solutions are scalable and highly available but tedious when swapping in and swapping out occurs in disarray and thrashing takes place. The resolution for thrashing through machine learning algorithms and support nomenclature is through simple techniques. Organizations that have been collecting large customer data are increasingly seeing the need to use the data for swapping in and out and thrashing occurs ...
As many know, the first generation of Cloud Management Platform (CMP) solutions were designed for managing virtual infrastructure (IaaS) and traditional applications. But that’s no longer enough to satisfy evolving and complex business requirements. In his session at 21st Cloud Expo, Scott Davis, Embotics CTO, will explore how next-generation CMPs ensure organizations can manage cloud-native and microservice-based application architectures, while also facilitating agile DevOps methodology. He wi...
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
From 2013, NTT Communications has been providing cPaaS service, SkyWay. Its customer’s expectations for leveraging WebRTC technology are not only typical real-time communication use cases such as Web conference, remote education, but also IoT use cases such as remote camera monitoring, smart-glass, and robotic. Because of this, NTT Communications has numerous IoT business use-cases that its customers are developing on top of PaaS. WebRTC will lead IoT businesses to be more innovative and address...