ZipRealty

ZipRealty, Inc.
Public
Traded as NASDAQ: RLGY
Industry Real estate
Founded 1999
Headquarters Emeryville, California, USA
Area served
 United States
Key people
 Donald F. Wood
Chairman of the Board
Charles "Lanny" Baker
President CEO Director
Revenue Increase $ 107.45 million - 2008
Decrease $ -15.94 million - 2008
Decrease $ -13.34 million - 2008
Total assets Decrease $ 59.97 million - 2008
Total equity Decrease $ 50.65 million - 2008
Website ZipRealty.com

ZipRealty, Inc. is a U.S. real estate brokerage firm with licensed agents in offices nationwide who sell real estate on ZipRealty.com. In markets where there is no ZipRealty presence, the company partners with local brokerage firms through its Powered by Zip (PbZ) division.[1][2]

Founded in 1999 by Scott Kucirek and Juan Mini, two graduates of the University of California, Berkeley’s Haas School of Business,[3] ZipRealty now operates in 35 metropolitan areas in 22 states and the District of Columbia. Headquartered in Emeryville, CA and incorporated in Delaware, the company went public in November 2004 and traded on NASDAQ under the ticker symbol ZIPR.[4] Lanny Baker currently serves as the CEO and President of ZipRealty and is a member of HomeAway, Inc.’s board of directors.[5][6]

On August 14, 2014, Realogy Group acquired all of the outstanding shares of common stock of ZipRealty, Inc., (“ZipRealty”) for a cash purchase price of $167 million. The Company acquired ZipRealty's residential brokerage operations with 23 offices across the United States and its integrated real estate technology platform. [7]

ZipRealty CEO Lanny Baker will continue in that role within Realogy, reporting to Alex Perriello, president and chief executive officer of the Realogy Franchise Group. Realogy’s franchise brands include Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, ERA, Sotheby’s International Realty and Coldwell Banker Commercial.[8]

References

  1. ↑ http://finance.yahoo.com/q/pr?s=zipr
  2. ↑ http://www.inman.com/2013/03/06/accuracy-zillow-trulia-listing-data-under-fire-again/
  3. ↑ http://www.haas.berkeley.edu/groups/pubs/calbusiness/winter2006/feature01_05.html
  4. ↑ http://www.marketwatch.com/story/ngp-capital-ziprealty-ipos-make-healthy-debuts
  5. ↑ "Archived copy". Archived from the original on November 10, 2013. Retrieved November 10, 2013.
  6. ↑ "Archived copy". Archived from the original on November 10, 2013. Retrieved November 10, 2013.
  7. ↑ http://quote.morningstar.com/stock-filing/Quarterly-Report/2014/9/30/t.aspx?t=XNYS:RLGY&ft=10-Q&d=0a00714e9280ec9e62903a8db6948c2c Page 14 of Realogy Group Holdings September 30, 2014 Form 10-Q
  8. ↑ http://www.inman.com/2014/07/15/realogy-acquiring-ziprealty-for-166-million/


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