Sun 25 Mar 2007
YFonGlobal Raises Second Angel Round for a Total of $1.8 Million
Posted by EPR-Network under Deals, Internet & Online, Social Networks, Technology, Telecommunications, web 2.0
Released on = March 21, 2007, 11:48 am
Press Release Author = Nancy Rose Senich/YFonGlobal
Industry =
Press Release Summary = Angel Investors РІР‚ВMatching FundsРІР‚в„ў Offer Sparks Interest from
Wider Investment Community
Press Release Body = Angel Investors РІР‚ВMatching FundsРІР‚в„ў 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 investorРІР‚в„ўs matching funds offer. YFonGlobal leaders say they plan to use
these funds to expand sales and marketing of their wyndstormв„ў 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. wyndstormв„ў 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 YFonGlobalРІР‚в„ўs Chairman
says, “Within the next year, I predict that CEO Marian Sabety’s vision for
wyndstorm, YFonGlobalРІР‚в„ўs 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 wyndstormРІР‚в„ўs 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.
• 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.
WyndstormРІР‚в„ўs 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 clientРІР‚в„ўs 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 wyndstormв„ў hosted
application, clients can rapidly tailor and privately brand their custom social
network by selecting among over 22 pre-built, pre-tested function modules.
wyndstormв„ў 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.
###
Web Site = http://www.yfonglobal.com Р’В
Contact Details = Nancy Rose Senich
Phone: (703) 442-0080
Email: pr@wyndstorm.com
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