Xceligent is gone
[{"id": "dr9o072", "text": "My market now has Costar as its sole and only option...", "replies": [{"id": "dra5dpt", "text": "So sorry friend", "replies": [], "depth": 2}, {"id": "draotqc", "text": "Check out CompStak for comps. It\u2019s a fairly handy tool!", "replies": [], "depth": 2}], "depth": 1}, {"id": "dr9oi09", "text": "They had a shot at actually competing with CoStar. I signed up for a trial with them as they haven\u2019t officially moved into my market yet. Their data was better than average and more accurate than CoStar, but the data wasn\u2019t as complete. \n\nIt\u2019s a shame that they didn\u2019t end up being profitable. ", "replies": [{"id": "dr9vfuy", "text": "Yep. Who can even go up against CoStar? RealMassive, 42Floors? They've even around for a while and nowhere near scratching a dent into costar. \n\n", "replies": [], "depth": 2}, {"id": "drtmsfa", "text": "They handled it incredibly poorly. They tried to attack CoStar head on and got stomped. They may have been able to grow their client base and resources over a longer period of time if they had been more patient.", "replies": [], "depth": 2}], "depth": 1}, {"id": "dr9rjwe", "text": "I think CoStar just raised their prices for listings as well", "replies": [{"id": "dr9vgzj", "text": "Funny thing. CoStar translates to \"it costs a lot\" in Spanish. Literal translation. \n\nNow we know where the name came from :)", "replies": [], "depth": 2}, {"id": "drax4pw", "text": "costar doesn't charge a dime for listings.  it is free to list on costar.  they charge for loopnet.", "replies": [], "depth": 2}], "depth": 1}, {"id": "dr9tvnf", "text": "Stay classy Costar\n\n", "replies": [{"id": "drb05c4", "text": "CoStar is the Comcast of real estate companies.", "replies": [], "depth": 2}], "depth": 1}, {"id": "dr9twc8", "text": "My wife worked for Xceligent in Kansas City.  The way they handled this bankruptcy announcement today was absolutely appalling. Tomorrow was supposed to be payday, they paid them 5 weeks worth of pay, today. Everyone was running around like a chicken with their heads cut off not knowing what to do. The managers had a meeting and came back out looking worried. Told the employees they would not be paid out for whatever PTO they had so they might as well use it today. About an hour after most people left, they got a phone call/email saying to come gather their stuff because they were not allowed back into the building. Incredibly disappointing and disturbing. ", "replies": [{"id": "dr9vdy0", "text": "Franco Faraudo at CRE.tech / PropModo told me that the employees were told they were being let go 30 mins before and to pack their things and get out. So crazy. \n\nI just wrote about this http://blog.digsy.ai/2017/12/14/xceligent-bankruptcy/", "replies": [{"id": "dr9vqv3", "text": "Yep. That\u2019s pretty much exactly how it happened. Luckily for the employees, they passed a labor law in 1988 called the WARN Notice. If a company has more than 100 employees, they are required to give at least 60 days notice of massive layoffs. DMGT was the one investing in Xceligent so it looks like the UK based company is going to be paying out 500+ employees 60 days worth of full pay. I can guarantee most employees will be filing a claim with the Department of Labor. ", "replies": [{"id": "dra25oi", "text": "That really sucks. So sad especially given the holidays. ", "replies": [], "depth": 4}, {"id": "drtmq0s", "text": "&gt;  they are required to give at least 60 days notice of massive layoffs\n\nOk. But if the company has no assets and no longer operating, what are they realistically going to do if they violate this rule?", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "drgmfew", "text": "I'm really sorry to hear that man. CDX was an excellent product in my market especially within the last 12 months their information was top notch, they had so much owner and tenant info compiled it was very impressive and a great tool. God damn you costar....", "replies": [], "depth": 2}, {"id": "drl9ico", "text": "Her name wasn't Libby, was it?  Libby was my POC in Kansas City.  ", "replies": [{"id": "drlac87", "text": "It was not. My wife was in the Colorado market", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dr9zj67", "text": "I\u2019m so upset Stdb.com is down, have a huge presentation and can\u2019t access any demos or reports. Anyone know how to access esri reports without paying $50 per report?", "replies": [{"id": "draba49", "text": "Pay $20k a year?", "replies": [], "depth": 2}, {"id": "draqlr6", "text": "DM me ", "replies": [], "depth": 2}, {"id": "dras98y", "text": "Damn I was gonna way DM me, but I use STDB too. Became way too reliant on it ", "replies": [], "depth": 2}], "depth": 1}, {"id": "dre16r2", "text": "Yep I saw this plastered right on the front of Costar's website. We tried Xceligent in our office and Costar is far superior in every way. Not really surprised they went BK to be honest..", "replies": [], "depth": 1}, {"id": "drtmmuz", "text": "They were throwing some pretty wild accusations at CoStar, basically publicly accusing them of fraud. I can't imagine the in-house counsel that would sign off on that, it's basically begging to get sued by CoStar's well-heeled legal team.", "replies": [], "depth": 1}]