Forbes Media Announces Agreement with ALM to License the Software for Forbes.com’s Contributor Platform
FORBES MEDIA ANNOUNCES AGREEMENT WITH ALM TO LICENSE THE SOFTWARE FOR FORBES.COM’S CONTRIBUTOR PLATFORM
Under the longterm agreement, Forbes Media will also host one of ALM’s web sites – www.law.com – using the same technology that powers Forbes.com
New York, NY (November 11, 2013) – Forbes Media today announced that it had signed its first technology agreement with ALM, the leading provider of news and information for the legal and real estate industries. Under the agreement, Forbes Media will license its Falcon software to ALM, host ALM’s flagship web site – www.law.com, and provide ongoing consulting and custom software development services. Law.com will be powered by the same technology used by Forbes.com’s contributor platform.
Falcon is Forbes’ proprietary software and one of the key drivers that has enabled success for Forbes.com’s contributor platform. From 2010-2013, Forbes.com’s unique monthly visitors have more than doubled from 12 to 26 million, according to comScore worldwide.
“Over the last three years, Forbes has evolved as both a publisher of content and as developer of new technology. Our contributor platform on Forbes.com allows us to efficiently create and publish high quality content at scale,” said Mike Perlis, Forbes Media President and CEO. “The partnership with ALM marks an important milestone for us and underscores the growing interest in the marketplace in our contributor platform and unique software. We anticipate this to be the first of several software licenses expected to deliver significant new revenue streams for the company in 2014 and beyond.”
"In the print world, we were limited by physical space as to the number of contributors, but in the digital era, we can expand the number of lawyers and industry watchers who write for our publications," said Jeff Litvack, chief digital officer of ALM. "By partnering with Forbes to license its innovative Falcon content management platform, we are confident that the upcoming Law.com Contributor Network will be a groundbreaking digital platform for thought leaders to provide the legal community with opinions and insights on today’s top issues and happenings."
About Forbes Media
Forbes Media LLC, publisher of Forbes magazine and forbes.com, is an authoritative source of news and information on business, investing, technology, entrepreneurship, leadership and affluent lifestyles. Through September 2013, Forbes.com, a leading business website, reached 26 million unique visitors, according to comScore worldwide. Forbes magazine, Forbes Asia and Forbes Europe attract a global audience of more than 5 million readers. The Forbes magazine iPad app merges the power of print storytelling with social sharing and the Web. The Company also publishes ForbesLife magazine, and has 31 licensed local editions around the world.
ALM is a global leader in specialized business news and information. Trusted reporting delivered through innovative technology is the hallmark of ALM’s award-winning media properties, which include Law.com (www.law.com), The American Lawyer, Corporate Counsel, The National Law Journal and The New York Law Journal. Headquartered in New York City with 16 offices worldwide, ALM brands have been serving their markets since 1843. For more information, visit www.alm.com.
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