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CoStar Group Names Max Linnington, Former Head Of Bloomberg Sales, To Executive Vice President Of CoStar Sales

WASHINGTON, May 16, 2014 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (Nasdaq:CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, today announced that Max Linnington has joined the Company as Executive Vice President of Sales.

Mr. Linnington served as Bloomberg Americas Senior Vice President of Sales & Marketing from 2001 to 2008, where he managed revenue of $2.5 billion and oversaw a staff of 700 across five business units, including Terminal Subscriptions, Trading Systems, Data, Ecommerce and Media Sales. Mr. Linnington comes to CoStar Group with over 25 years of sales and sales leadership experience, including 17 years in a series of executive sales management roles for Bloomberg in London, the Nordic Region and New York. He also served as Regional Head of Emerging Markets, where he managed Bloomberg's expansion in India and established a new regional hub in Dubai.

"With our overall sales organization now at approximately 600 people, it has more than doubled in size compared to when we acquired LoopNet two years ago," stated CoStar Group Founder and CEO Andrew C. Florance. "Max has an outstanding track record driving revenue growth. He has tremendous experience structuring large sales organizations and setting and implementing sales strategies across broad customer segments and regions. His experience will be extremely valuable as we pursue our near-term goals of increasing the size and productivity of our sales force and realigning sales resources to achieve greater penetration among key customer groups, as we drive toward our goal of $1 billion in revenue and beyond."

Mr. Linnington has a BA in Financial Services from Bristol Business School, University of the West of England, Bristol, United Kingdom.

John Stanfill, CoStar Group's Senior Vice President of Sales & Customer Service, will be assisting in the transition and plans to leave the Company later this year to pursue personal interests.

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