Fast-growing real estate tech firm has big need for more space

PropLogix has grown revenues 1,651% since 2014, to $19.79 million last year.


  • By
  • | 6:00 a.m. September 13, 2019
  • | 0 Free Articles Remaining!
File. PropLogix executives Jesse Biter and Chris Abbott have led a surge in growth at the firm.
File. PropLogix executives Jesse Biter and Chris Abbott have led a surge in growth at the firm.
  • News
  • Share

October marks five years since Sarasota attorneys Evan Berlin and Jamie Ebling sold a staid title search business to their friend and client, area entrepreneur Jesse Biter. The attorneys basically dared Biter: See if you could do any better than 1,000 searches a month and a little over $1 million a year in annual revenues. See if you can get to 1,500 searches. 

A commercial property owner who built and sold a software business in the auto industry, Biter beat that mark handily. The company, PropLogix, has been a growth tear ever since, now doing well over 20,000 searches a month. Its niche remains the same: using proprietary software to help clients find fees, liens or assessments on properties, to aid real estate closings. With roughly 230 employees, PropLogix did $19.79 million in revenue in 2018, up 1,651% from $1.13 million when Biter bought it in 2014. The firm is projecting at least $26 million in revenue on 2019, and Biter says it might even hit $30 million.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news

Latest News

Sponsored Content