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May 31, 2012

Xceligent

The commercial real estate information company Xceligent is expanding nationally. Xceligent and a company called DMG Information re-purchased all of Xceligent's outstanding shares. The transaction followed a consent decree by the Federal Trade Commission related to the merger of CoStar and LoopNet that required creation of a national competitor to CoStar. Xceligent officials say that DMG's funding will allow the company to match CoStar's national footprint. Xceligent created CommercialSearch.com as a national public listing and marketing platform. The company is working with the National Association of Realtors.




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