The company has announced that, as part of the appointment, Mr. Abrams and his Cicero Consulting Group will assist RealBiz to exploit its proprietary software technology to the US real estate brokerage industry as well as several other potential markets that have been identified.
Mr. Abrams has deep experience in helping early-stage, publicly held technology companies reach the next phase of growth. In 1999, he co-founded Intermix, the parent company of social networking leader MySpace. In 2005, Intermix was sold to News Corp. for $580 million. In addition, Abrams was a founder of The Software Toolworks, a software company that released several hit titles in the 1980's, which ultimately led to the company's sale in 1994 to Pearson, PLC for $462 million.
“At Cicero Consulting Group, we look for early stage companies, with technologies and business practices that can transform user experience. RealBiz Media has a disruptive technology applied to the real estate industry that can significantly enhance the real estate buying and selling experience. The company is at the early stages of expanding its distribution presence, and there is great market potential,” stated Joe Abrams.
"We have continually looked for ways to strengthen our company’s management and board as we move into our growth phase and we are extremely excited to welcome Mr. Abrams. His years of experience and contacts should help us to further enhance our technology suite, mobile apps and websites as well as creating new vertical's for the company to grow in,” stated Bill Kerby, CEO. “With a track record of successfully building and selling his technology companies for over $1 billion dollars, we will seek his guidance and resources on accelerating our business plan to grow the company for maximum value to our shareholders."