Tom Byrne was most recently President and Chief Operating Officer of LoopNet, Inc which was sold to Costar Group in May 2012. Byrne was responsible for LoopNet’s P&L and lead day-to-day strategy, business operations, marketing, sales, client & account management, engineering product development and business development. During his 10 years with the company, Byrne helped steward the company thru numerous key milestones including profitability, achieving EBITDA margins of 50%, successful IPO, acquiring and successfully merging 7 acquisitions, raising $50 million PIPE investment, and the eventual sale to Costar for approximately $900 million.
Prior to joining LoopNet, Byrne served as Group Vice President of NextCard’s Secured Card business unit responsible for the business unit’s P&L and for all functional groups including strategy, marketing, client services, portfolio management and finance. Byrne successfully led the NextCard business unit to cashflow breakeven and profitability. Prior to NextCard, Byrne held management positions at McKinsey & Company and Prudential Inventments working in various investment capacities, including the Prudential Real Estate Group, in both commercial real estate and mortgage loan workout groups.
Byrne holds a MBA from the Harvard Business School and has a B.S. of Electrical Engineering, with highest honors, from Georgia Tech.