2008-07-15 10:30:00
Michael W. Malone to Lead Fast-Growing Online Real Estate Company
SARASOTA, Fla.–(EMWNews)–PropertyMaps.com, a map-based
online real estate search, today announced the appointment of Michael W.
Malone as Chief Executive Officer. One of the technology industry’s most
successful entrepreneurs, Malone has launched several innovative
companies, introduced leading-edge online applications and raised more
than $50 million in his 22-year career.
is leading the online evolution of the real estate model,”
said Malone, who was previously president and COO of RemedyMD®,
a market leader in the use of predictive informatics to recognize
patterns, personalize treatment, and measurably improve healthcare
outcomes. “After analyzing the company’s
growth potential, I believe PropertyMaps has the opportunity to dominate
the Internet real estate category.”
PropertyMaps.com is a user-friendly, one-stop-shop Web site that allows
consumers to quickly search the actual Multiple Listing Service (MLS)
databases used by Realtors® nationwide by
using popular mapping tools such as Google Maps, Google Earth, and
Microsoft Virtual Earth.
PropertyMaps has more than 2 million listings – one of the largest on
the Internet.
In addition to lead generation and advertising services, Malone said
PropertyMaps plans to capitalize on its technology investment by selling
data services to national real estate organizations in the investment
community. “We will apply predictive
informatics technology at PropertyMaps, just as predictive analytics
applications are used on Wall Street for trading purposes,”
he said.
After securing bridge funding from Houston-based Merrick Capital, the
fast-growing company recently signed a memorandum of understanding to
issue a $20 million Series A syndicated offering.
Nearly a decade ago, Malone was named to Sm@rt Reseller’s “Top 10 in
Technology” ranking, behind only Steve Jobs at Apple and John Chambers
at Cisco. He has served as president and COO for IBRIX, a leading
provider of scalable file serving solutions, and was the president and
founder of CTS Companies, an innovator in storage technology services.
In addition, Malone was executive vice president of Dickens Data
Systems, where he managed sales, distribution, and an architectural
application development team.
At CTS, Malone held senior leadership roles, managing more than 250
engineers and developers, successfully driving sales, customer service,
partner programs and services.
Agyilysis ultimately acquired the company for $42 million in 2005.
As a senior executive at IBRIX and REMEDY MD, Malone expanded direct
sales and launched partner programs that allowed both companies to have
OEM and reseller relationships with HP, DELL, IBM, and EDS. He also
raised more than $49 million in both venture and institutional capital
for the two companies.
“Our team was able to drive lead generation
and substantially the Web presence for CTS, IBRIX, and Remedy MD,”
said Malone. “We began the search engine
optimization efforts for all three companies and drove Web leads to new
highs at each entity.”
Malone was also a founding member of the EMC Partner Council, building
relationships between the industry-leading storage company and its
vendors and distributors. He currently sits on two other boards and
manages Jupiter Bowl, a family entertainment center in Park City, Utah,
owned by the Malone Investment Group.
Malone received a Bachelor of Science degree from Southeastern Louisiana
University (SLU) in Management and Computer Science.
Using popular mapping tools such as Google Maps, Google Earth, and
Microsoft Virtual Earth, PropertyMaps.com enables people to quickly
search and easily visualize millions of real estate listings by plotting
their locations and local market data free of charge. PropertyMaps.com
is the first Internet site to provide map-based access to the authentic
Multiple Listing Service (MLS) databases that are used by Realtors®
nationwide.
PropertyMaps also delivers the content wirelessly to Internet-enabled
phones, PDAs, GPS-enabled and other mobile devices. Visitors are also
able to access foreclosure or pre-foreclosure homes on PropertyMaps.com,
through a partnership with RealtyTrac (www.realtytrac.com),
the leading online marketplace for foreclosure properties.
Since its launch in October 2006, PropertyMaps has signed strategic
alliances with major partners in the United States, India, United
Kingdom and Latin America, and will continue to expand its international
presence with the launch of a formal partner program in 2008.
Keyword Tags: mls real estate search, real estate search, search
real estate, venture capital
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