Sonico Receives $1.7 Million in Additional Investment and Closes a Year of Significant Achievements
- The company exercises its option to extend the initial round of financing raised in May 2008
- The additional capital will be used to boost its operations in Brazil and develop new products
"This influx of capital will help us boost our office in
Sonico welcomed a group of top local and international industry executives
to its ranks this year, including
Sonico has been a part of the social network boom this year, experiencing
steady growth in its user numbers (more than 43 million by late December). The
company has joined the OpenSocial platform (a Google and Yahoo-led initiative,
among others, to develop and share social applications); launched Public
Pages, which allows companies, brands, politicians and celebrities to join the
online conversations and interact directly with users; and, in November,
opened an office in
From an institutional perspective, many Sonico executives actively
participated in business, technology and social media events and lectures this
year, including: the World Economic Forum, in
"It's been a busy and very rewarding year. In 2010, our efforts will concentrate on further developing the 'organize your life online' concept, which allows users to have a personal profile, a professional profile and a public profile, all of them managed from a single account," added Teijeiro.
For more information please access http://corporate.sonico.com
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