Xceligent Energized by
New Strategic Partner

Independence, MO, May 4th, 2012

dmg :: information (dmgi) is now partnered with Xceligent, Inc.’s founder and management team as a strategic investor and has completed the purchase of Xceligent stock formerly owned by LoopNet and other investors. The transaction is pursuant to a Federal Trade Commission (FTC) consent order intended to create a national competitor to the merged CoStar Group and LoopNet entity.

Xceligent is one of only two multi-market providers of fully researched information and marketing tools to companies involved in buying, selling, leasing, developing or managing commercial real estate. The service is a comprehensive inventory of commercial properties, available space for lease or sale, tenants, sale comps, transaction histories, historical trends, demographic information and mapping tools. Currently, Xceligent operates in 30 markets. As a result of the transaction, dmgi is providing Xceligent necessary funding to complete its expansion covering the largest 65 United States markets within 36 months, and the remainder of the United States thereafter.

“We are excited to add Xceligent to our portfolio of companies focused on the property information sector,” said Suresh Kavan, dmgi’s CEO. “Our partnership allows Xceligent to rapidly expand their outstanding products and information into the largest US markets.”

Doug Curry, Xceligent’s founder and CEO commented: “When the CoStar- LoopNet merger was first announced, real estate companies across the country reached out to us to see if we could quickly match the footprint of the combined entity. With their vision of the commercial real estate sector as well as their experience in growing information companies and financial resources, it was evident dmgi was the ultimate partner for Xceligent and the industry. Leveraging dmgi’s proven track record of growing companies in the property sector with our experienced team creates an opportunity to change the landscape of commercial real estate information.”

The market for information on commercial real estate is both large and fragmented. As a consequence of this large opportunity, over the last several years, dmgi has acquired a number of property information companies including: Environmental Data Resources (EDR), Landmark (in the UK) and Trepp. dmgi also has strategic investments in Real Capital Analytics (RCA) and BUILDFax.

Kavan concludes: “Real estate is such an important asset class and we believe that Xceligent will be able to bring a level of transparency to commercial real estate that will benefit a number of stakeholders in the commercial property sector, including real estate agents, brokers, investors, owners, financial institutions, appraisers and government agencies.”

For the lateset information, go to news.xceligent.com.

Xceligent is one of only two companies that provide fully researched property and listing information to the commercial real estate community. To accomplish this, we physically drive the streets in the market to catalog commercial properties. We actively call each listing agent to identify available space for lease and for sale, verify listing information, and research sales comparables. The most significant difference between the two companies providing this level of research is Xceligent’s Top Producer Peer Advisory board – a certification process creates a level of transparency that remains unmatched by our competitor’s research process. This process ensures a higher quality of data and recognizes that brokers are the industry experts rather than the vendor.