HomeNet revamps Autotrader.com software

AutoTrader signs a deal to have HomeNet revamp the software that supports the company’s entire online inventory. Accorfding to Biter the project will increase HomeNet’s monthly revenues by at least 50% when the work begins in August, turning a company that hit about $1.3 million a month in sales in 2009 to one that borders on $2 million a month by the end of 2010.

The company has hired about 40 people over the last two years, including customer service reps and software developers. The employees work out of a variety of locations, from Sarasota to remote offices in Michigan, Los Angeles and suburban Philadelphia.