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Pingboard Raises $1.25 Million Seed Round, Launches Modern Company Directory

Led by Silverton Partners, investment will help team onboard pilot customers, execute product roadmap aggressively, and further business development goals

AUSTIN, Texas, January 16, 2014-- Pingboard, the modern social company directory, today announced that the company has closed a $1.25M seed round of venture funding led by Silverton Partners. Alongside the announcement, Pingboard today launched into private beta. Founded in 2013 by Bill Boebel and Rob Eanes at Austin’s Capital Factory incubator, Pingboard helps office managers simplify their operations processes. The company will use the funds to onboard new pilot customers, continue to build out and expand their platform, and further business development goals.

Pingboard is one of the first modern services built to serve office management specifically, helping companies automate their office and better support high-performing teams. Scattered spreadsheets and clunky manual processes are replaced with a slick directory that houses employee information and an API for developers to automate processes around that information -- everything from phone numbers, emergency contacts and badge numbers to dietary restrictions, tshirt sizes and favorite sports teams.

“We built Pingboard for ourselves upon noticing all the inefficiencies in our own office management at Capital Factory. We realized no software exists just for office management. While there is great software for enterprise IT and HR, there was no platform or API to automate people processes,” said Bill Boebel, founder. “Office managers are the life of their office -- they ensure everyone can do their job well, connect entire teams, and keep the lights on. They need a software tool of their own, and that’s Pingboard. We’ve been piloting with some of the best companies in Austin and Silicon Valley, and we’re thrilled with the ways they are using the platform. We’re very fortunate to have Silverton Partners as our venture capital partner, as well as the support of some of the most respected angel investors in technology.”

With Pingboard, information can be easily uploaded and updated, even by the employees themselves, and seamlessly shared. Messaging functionality allows employees to easily ping each other or be pinged, for example when an office visitor arrives. Companies can fully customize Pingboard in a number of ways to solve their specific issues. Finally, the platform, built on your own specific employee data, easily extends and integrates into popular operations tools.

"Pingboard has built an elegant, modern solution for scaling and automating office operations and is already showing customers how they can quickly organize and automate existing, inefficient internal processes,” said Kip McClanahan, partner, Silverton Partners. “We have backed Pingboard because of the fantastic founding team and their vision for transforming traditional office operations from an inefficient cost center into a profit center.”

In addition to Silverton Partners, several notable angels contributed to Pingboard’s seed funding round including, Pat Matthews, founder of Webmail.us; Pat Condon, founder of Rackspace; Joshua Baer, founder of OtherInbox and Capital Factory; Jason Cohen, founder of WP Engine; Jonathan Siegel, founder of RightScale; Rony Kahan, founder of Indeed.com; and Auren Hoffman, founder of RapLeaf. Pingboard’s investors bring valuable connections and experience that will benefit the company. Silverton’s Kip McClanahan will also be joining Pingboard’s board.

Pingboard is currently piloting its service with a number of businesses. Companies interested in signing up for the private beta, can find out more at www.pingboard.com.

About Pingboard

Pingboard is the modern social company directory.

One of the first modern services built for office management specifically, Pingboard helps companies automate their offices. Scattered spreadsheets and clunky manual processes are replaced with a slick directory that houses employee information and an API for developers to automate processes around that information -- everything from phone numbers, emergency contacts and badge numbers to dietary restrictions, tshirt sizes and favorite sports teams. Team members are connected to each other in one place, and can easily communicate with and learn more about each other. Pingboard is fully customizable to solve your specific issues and the platform, built on your own specific employee data, easily extends and integrates into popular operations tools.

Based in Austin, TX, Pingboard was founded in 2013 by Bill Boebel and Rob Eanes, and is a Capital Factory company. Pingboard is currently in private beta. To learn more about Pingboard, visit http://www.pingboard.com.

About Silverton Partners

Silverton Partners is an early-stage venture capital firm based in Austin, Texas. Silverton collaborates with exceptional entrepreneurs who are committed to attacking growth markets with cutting-edge products or services. The principals of Silverton Partners have over two decades of venture experience in IT infrastructure and management software. They have invested in start-ups such as Tivoli Systems (IPO/acquired by IBM), Motive Communications (IPO/acquired by Alcatel-Lucent), Waveset (acquired by Sun Microsystems) and SailPoint (privately held).

Contact:
Jones-Dilworth, Inc.
Rebecca Ewing, 903-215-0296
rebecca@jones-dilworth.com


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