WASHINGTON, April 15, 2010 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (Nasdaq:CSGP), the number one provider of information, marketing and analytic services to commercial real estate professionals in the United States and United Kingdom, today announced that Jennifer Kitchen, Senior Vice President of Research, has been named a finalist in the Corporate Commercial Large Business category for the Eleventh Annual Women in Technology (WIT) Leadership Awards. Award winners will be announced at a May 20, 2010 banquet at the Ritz Carlton Tysons Corner, McLean, VA.
"It is a great honor to be selected as a finalist for this prestigious award and to be associated with such an impressive group of dynamic and extraordinary women throughout the nation," said Kitchen. "It is especially rewarding to know that the contributions that I have made to CoStar Group over the years have been viewed as significant enough to gain the selection committee's attention."
Kitchen oversees CoStar Group's largest business unit, which is responsible for building and maintaining the largest database of commercial real estate property data ever assembled. With CoStar's CEO, Andrew Florance, she pioneered innovative technology used in commercial real estate data collection, co-authoring a field research patent, No. 7,487,114, for systems and methods for associating aerial images with map features and related information to efficiently collect millions of photographs and data points on commercial real estate each year.
CoStar's extensive database includes over 1.4 million property listings accounting for over 71.5 billion square feet tracked. Jennifer's team is responsible for over 130,000 daily updates and over 1.8 million property photographs. It is the largest database of its kind, providing clients unprecedented detail and data encompassing the commercial real estate industry.
"Over the course of her 15 years at CoStar, Jennifer's responsibilities have grown exponentially, from managing 10 employees as a Research Manager to more than 900 today," said Andrew Florance, CEO of CoStar Group. "The systems she helped develop are critical to CoStar Group's growth and success. We are especially pleased that the Women in Technology Leadership Award committee also recognizes her achievements. Her selection as a finalist serves as a testament to her abilities and her tireless work on behalf of CoStar."
About Women in Technology
Women in Technology (WIT) is a not-for-profit organization dedicated to offering women involved in all levels of the technology industry a wide range of professional development and networking opportunities. One of the organization's main goals is to create a forum where women in technology can be recognized and promoted as role models. The organization's values are embodied in its tag line: Connect. Lead. Succeed. WIT was founded in 1994 and has nearly 1,000 members. For more information, please visit WIT's web site, www.womenintechnology.org.
About CoStar Group, Inc.
CoStar Group, Inc. (Nasdaq:CSGP) is the number one provider of information, marketing and analytic services to commercial real estate professionals in the United States as well as the United Kingdom. CoStar's suite of services offers customers access via the Internet to the most comprehensive database of commercial real estate information throughout the U.S. as well as in the United Kingdom and France. Headquartered in Bethesda, MD, CoStar has approximately 1,400 people working for the company worldwide, including the largest professional research organization in the industry. For more information, visit http://www.costar.com.
This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations, beliefs, intentions or strategies regarding the future. These statements are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. More information about potential factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, those stated in CoStar's filings from time to time with the Securities and Exchange Commission, including CoStar's Form 10-K for the year ended December 31, 2009, under the heading "Risk Factors." In addition to these statements, there can be no assurance that the systems Ms. Kitchen helped develop will continue to be critical to CoStar Group's growth and success. All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update such statements.