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July 04, 2015 2:08 PM ET

Internet Software and Services

Company Overview of Magnet Systems, Inc.

Company Overview

Magnet Systems, Inc. develops and builds business applications with social and mobile capabilities. The company offers SalesWIN, a cloud based mobile sales management application that enables sales teams to work closely and focus on activities critical to winning deals. It also offers Magnet Message, an open source solution that allows developers to build messaging into iOS, Android, or hybrid mobile applications. The company’s business applications are built on its Magnet software platform. Magnet Systems, Inc. was formerly known as Kryptonite Systems, Inc. The company was founded in 2008 and is based in Palo Alto, California.

435 Tasso Street

Palo Alto, CA 94301

United States

Founded in 2008

Phone:

650-329-5904

Key Executives for Magnet Systems, Inc.

Co-Founder, Chief Executive Officer and Director
Age: 53
Co-Founder and Senior Vice President of Operations & Finance
Compensation as of Fiscal Year 2015.

Magnet Systems, Inc. Key Developments

Magnet Systems, Inc. Launches Open Source Messaging Solution

Magnet Systems, Inc. introduced Magnet Message – a full-featured Apache open source solution that allows developers to build messaging into any iOS, Android or hybrid mobile application. Magnet Message helps companies improve interaction with employees and customers with more targeted and relevant mobile experiences. Magnet Message provides the industry’s most robust set of functionalities right out of the box, including push messaging, in-app chat, rich message payloads, message delivery confirmation, and publish-subscribe capability. Developers are utilizing Magnet Message to build messaging into apps for such purposes as loyalty programs, fraud alerts and marketing campaigns for industries like financial services, retail and manufacturing.

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Recent Private Companies Transactions

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