Boston, MA. September 13, 2011— OnePIN, Inc., the world’s leading provider of mobile social address book solutions, today announced that it has raised a new round of funding. OnePIN has raised a $0.9 million round of investment from FA Technology Ventures, Stage 1 Ventures, and Egan-Managed Capital. As the market leader in mobile social address book solutions, this funding enables OnePIN to expand its global footprint of mobile operators who distribute the CallerXchange service to subscribers. This round brings the company’s total financing to over $24.3 million.
“We are very excited with OnePIN’s continued success in performing the expected revenue results for their mobile operators customers such as Vodafone and MTN in multiple markets around the world,” noted David Baum, General Partner at Stage 1 Ventures. “As operators strive to leverage the mobile phonebook as a hub to drive calls, SMS and social networking data traffic, OnePIN is solidifying its position as a leader in the social address book space with their CallerXchange service.”
About OnePIN, Inc.
OnePIN is the world leader in social address book solutions for mobile operators. OnePIN’s technology transforms mobile phonebooks into social address books, improving customer retention while increasing voice and data revenue for mobile operators. OnePIN’s CallerXchange is a person-to-person contact exchange service that connects people and enhances social networks. With one click, using any mobile phone, CallerXchange enables subscribers to leverage their mobile social address books as the hub for their social networking. CallerXchange is currently being deployed to over 137 million mobile subscribers across all handset models within seven of the world’s largest mobile operator groups. OnePIN is headquartered in Boston with offices around the globe.
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