Xceligent Successfully Launches Commercial Real Estate Database in Madison, Wisconsin

– Another Milestone in National Expansion Strategy Funded by LoopNet –

INDEPENDENCE, Mo., July 29 /PRNewswire/ — Xceligent, Inc. announced today that it has successfully integrated its comprehensive research model into the Madison Commercial Data Exchange (Madison CDX), with over 65 of the top commercial real estate firms representing space for lease or sale in the market already subscribed to the service.

The Madison market launch is the most recent initiative by Xceligent in its efforts to provide secondary and tertiary markets with a proactive research solution, markets once ignored by other researched data providers. Xceligent’s product offering includes for-sale and for-lease availabilities, historical trending, sales comparables and tenant information, all delivered via innovative technology which provides comprehensive search tools, building photographs, sophisticated mapping and presentation-quality reporting.

Doug Curry, CEO of Xceligent, commented, “We are excited at the level of participation which again highlights the industry’s choice to adopt a fully researched solution, delivered at a price point affordable for all commercial real estate professionals. Due to the wide adoption of Xceligent’s solution, our offering has become the choice for firms that need professional-quality market data, and which also need to work with their peers in a collaborative exchange.”

The Madison Commercial Data Exchange is currently tracking over 3,300 properties encompassing over 90 million square feet of total space, with current availabilities of over 10 million square feet. This inventory is further enhanced by the participation of a local governing council comprised of the top 35 “Founding” firms in the market. These firms, with the help of top commercial real estate brokers, meet quarterly to ensure that vacancy and absorption reporting is the most accurate ever made available for the Madison region.

Craig Stanley, Executive Vice President from Siegel-Gallagher Madison office, said, “After relying on the other national vendor for a year, our firm believes that Xceligent’s approach of proactive research coupled with local governance has the best chance to succeed for this market.”

Blake George, Principal, Lee & Associates, added, “With the group of market leaders that have come together to validate each data set on the new quarterly advisory boards, we are confident that our firms will be able to present the best information to our clients.”

The deployment of the data exchange for Madison follows market launches of Xceligent solutions in Oklahoma City and Albuquerque. Xceligent’s success in these diverse markets is a direct result of the strategic alliance with LoopNet (NASDAQ:LOOP) , the largest and most heavily trafficked commercial real estate listing service online. LoopNet’s partnership with Xceligent provided the impetus for this national expansion after Xceligent demonstrated it could deliver its comprehensive research solution more cost-effectively than any alternative provider.

“We are pleased at the progress Xceligent continues to make in delivering timely and complete data to these markets,” said Jason Greenman, SVP, Corporate Development for LoopNet. “Once again, Xceligent has proven that their efficient research model can succeed in unifying data in markets with unique regional characteristics, while providing high-quality, fully-researched data to their customers at a reasonable price.”

About Xceligent

Xceligent, Inc. is a nationwide provider of property and listing information for the commercial real estate industry. Xceligent utilizes an efficient, research-focused model to bring critical business information about property listings, sales comparables and tenant information to commercial real estate professionals in markets of all sizes. The company also offers a full suite of marketing tools to assist brokers and agents in reaching an even wider audience. Xceligent works with local commercial real estate communities to meet their individual needs while simultaneously allowing them to reach a state-wide or national audience. Founded in 1999 and headquartered in Independence, MO, Xceligent provides services in 30+ markets across the country. Visit http://www.xceligent.com/ for more national information on Xceligent, or visit http://www.madisoncdx.com/ for local information about Madison commercial real estate. Xceligent is committed to providing information that increases agent productivity and profitability. Our pro- active approach guarantees an unsurpassed quality of information for all members of the exchange.

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Source: Xceligent, Inc.