Social Network Technology and VoIP Provider YFonGlobal Raises Second Angel Round for a Total of $1 8 Million
Released on = March 21, 2007, 11:48 am
Press Release Author = Nancy Rose Senich/YFonGlobal
Industry =
Press Release Summary = Angel Investors ‘Matching Funds’ Offer Sparks Interest from Wider Investment Community
Press Release Body = Angel Investors ‘Matching Funds’ Offer Sparks Interest from Wider Investment Community
Washington, D.C. (March 21, 2007) – YFonGlobal, a leading-edge provider of turnkey social network marketing technology, reports raising its second angel round of funding for a total of $1.8 million with an opportunity to raise $2.1 million from one angel investor’s matching funds offer. YFonGlobal leaders say they plan to use these funds to expand sales and marketing of their wyndstorm™ social network software geared towards associations, political organizations and campaigns, small businesses, or virtual companies such a marketing company managing a viral marketing program, or other groups with a common affinity. wyndstorm™ is a hosted social networking platform that can be easily rolled out and rapidly scaled—with over 50 features—including billing & payment processing for downloaded content,, click-to-call a buddy, and management of viral marketing campaigns.
Lawrence A. McLernon, former CEO, LCI International, a long distance service provider, who later sold to QWEST Communications Corp., now YFonGlobal’s Chairman says, “Within the next year, I predict that CEO Marian Sabety’s vision for wyndstorm, YFonGlobal’s flagship collaboration and social network application, will be realized. wyndstorm will be an industry leader in content sharing and mobile collaboration, becoming the “go-to” solution for connecting online communities. wyndstorm is already demonstrating to be the easiest, most flexible and robust backbone for social network marketing management. Awareness of wyndstorm has grown fast because of wyndstorm’s smart integration of several online communications and collaboration technologies --making it the right product, at the right place, at the right time,” McLernon continued. YFonGlobal angel investors include telecommunications and information technology luminaries such as: • Patrick A. Gross is the founder of American Management Systems, now part of CGI. Pat serves on the Board of Directors of Capital One, Hibernia National Bank, Computer Career Education Corporation, Mobius Management Systems, Inc. Liquidity Services, Inc., as well as the Aspen Institute. • John Hibbard, Telstra Global Wholesale’s former Managing Director, was responsible for the international carrier business worldwide for Australia’s largest telephone company. John is on the Executive Board of the Pacific Telecommunications Council and was Chairman of the Australia Japan Cable. • Thomas Hudson is Chairman on Connectivity Solutions, and the former Chairman and CEO of Computer Network Technology Corporation (CNT), acquired by McDATA. Tom serves on the Board of Directors of McData, as well as Incentra, Plato Learning Software, Ciprico, and Lawson Software. (more)
• Richard T. Liebhaber, is the former SVP Network Operations and member of the Board of Directors of MCI. Dick now serves on the Board of Directors of JDSU, Cogent Communications, Avici and ILOG, all NASDAQ-listed.
wyndstorm’s second customer is reported to be a 1.6 million subscriber base targeting university students who seek a private social network to research, collaborate and learn together on a worldwide basis in a safe and protected environment. Key industries that have expressed interest are advertising agencies who care to outsource, but still retain control over branding and message management of a client’s social network; associations who desire to invest in a high impact, yet cost-effective member benefit with potential for recurring revenue, as well as large corporations with strong brand communities.
About YFonGlobal, LLC YFonGlobal, a Washington D.C.-based company, provides turnkey social networking technology tightly integrated with Voice-over-Internet Protocol (VoIP) IP network solutions for affinity marketing leaders. Using their wyndstorm™ hosted application, clients can rapidly tailor and privately brand their custom social network by selecting among over 22 pre-built, pre-tested function modules. wyndstorm™ provides search, state-of-the-art network security, click-to-call, and other value-add features that provide high value collaboration and programming for private brand marketing. For more information about YFonGlobal, LLC, visit www.yfonglobal.com.
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