Forbes Media Announces Agreement with Social Selling Platform Tech Company rFactr to Launch “Forbes SocialPort™;” Both Companies will Jointly Promote and Sell SocialPort Product Offering

Forbes SocialPort is a social communications management system designed to help companies optimize their marketing content across all social platforms and enable their sales teams to drive incremental revenues

NEW YORK--()--Forbes Media announced today that the company has entered into an agreement with rFactr, a social selling platform technology company, to license the Forbes name and to brand rFactr’s SocialPort product offering as the Forbes SocialPort™. In addition to the license arrangement, Forbes has an equity stake in the North Carolina-based company. Forbes and rFactr will jointly promote and sell the Forbes SocialPort™ and share the revenues generated from this joint agreement. Forbes’ sales teams will use the Forbes SocialPort™ to help better manage and leverage their social selling efforts.

Increasingly, B2B sales organizations have been using social media to engage potential customers earlier in the buying cycle. They are leveraging Facebook, Twitter, LinkedIn and comparable social platforms to target potential clients and learn consumer behavior.

Forbes SocialPort™ is a social communications management system created to allow companies to share their marketing content on social platforms, enabling their sales teams to build more robust relationships with key constituents and potential customers to generate increased revenues. Specifically, users can leverage Forbes SocialPort™ to write, schedule and publish content across all social networks. User dashboards will deliver valuable intelligence and insights across the social ecosystem, and track the effectiveness of social selling activities.

“Forbes SocialPort reinforces our strategy to transform Forbes into more of a global product and tech-driven media company. This agreement will help us drive incremental revenues and will strengthen our technology portfolio,” said Mike Perlis, Forbes Media President and CEO.

“The agreement with Forbes creates the opportunity for top brands to have access to the most robust social system in the market with Forbes' respected content. We provide the right enterprise communications tool for social network use that will scale with organizations, offer seamless management, and bridge the gap between marketing and sales,” said Richard Brasser, Founder and CEO of rFactr. "It is a huge home run for leading companies.”

“Our ongoing research and direct conversations with sales and marketing leaders tell us that alignment between marketing content and sales enablement is a huge pain point for most organizations. This partnership with rFactr is a logical extension of our strategy to help companies better create, manage and activate their thought leadership content programs,” said Bruce Rogers, Chief Insights Officer for Forbes Media and head of the Forbes CMO Practice.

About Forbes Media

Forbes Media is a global media, branding and technology company, with a focus on news and information about business, investing, technology, entrepreneurship, leadership and affluent lifestyles. The company publishes Forbes, Forbes Asia, Forbes Europe and ForbesLife magazines as well as Forbes.com and ForbesLife.com. The Forbes brand today reaches more than 75 million people worldwide with its business message each month through its magazines and 37 licensed local editions around the globe, Forbes.com, TV, conferences, research, social and mobile platforms. The Forbes magazine iPad app merges print storytelling with social sharing and the web. Forbes Media’s brand extensions include conferences, real estate, education, financial services, and technology license agreements.

About rFactr

rFactr provides the world’s most capable system for enabling social communication with front line employees. Trusted by the world’s best brands, rFactr’s SocialPort™ systematizes the social selling process from initial engagement, to prospect nurturing, to building meaningful professional relationships without impacting an employee’s daily workload. rFactr SocialPort™ provides a purpose-built social communication management system that allows for quick and easy content sharing across the enterprise, on all social platforms. SocialPort™ arms marketing with a way to manage user access and content—at scale—across corporate, group, or individual levels. SocialPort™ minimizes risk while transforming social networks into significant channels for driving measurable return for the brand. rFactr serves a global market with solutions for enterprise clients looking to leverage an unfair advantage across their entire sales organization. To learn more, visit http://www.rfactr.com/ @rFactr

Contacts

Press:
Forbes Media
Mia Carbonell, 212-620-2288
mcarbonell@forbes.com
or
Laura Daunis, 212-367-4874
ldaunis@forbes.com

Contacts

Press:
Forbes Media
Mia Carbonell, 212-620-2288
mcarbonell@forbes.com
or
Laura Daunis, 212-367-4874
ldaunis@forbes.com