Offerpal Media Marks Two-Year Anniversary with 160 Million Users and 730 Billion Virtual Points Issued

Thu Oct 29, 2009 9:01am EDT
 
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Offerpal Media Marks Two-Year Anniversary with 160 Million Users and 730
Billion Virtual Points Issued
More than 2,000 publishers count on Offerpal's virtual currency payment
platform to monetize online games, virtual worlds, social networks and
subscription services

FREMONT, Calif., Oct. 29 /PRNewswire/ -- Offerpal Media, the leader in virtual
currency monetization, today marked its two-year anniversary by announcing the
company has surpassed 160 million users and has issued more than 730 million
virtual points globally. As one of the pioneers helping drive the $6 billion
virtual goods economy, Offerpal's turnkey payment platform gives consumers the
opportunity to earn or buy virtual currency by completing targeted advertising
offers or by purchasing it through direct, global payment options. The company
powers millions of transactions every month, with payment options in 190
countries and offers in more than 80 countries.

When Offerpal launched in October 2007 on the Facebook application (fluff)
friends, it became the gaming industry's first offer-based monetization
platform. Since then, Offerpal's network has grown to more than 2,000
publishers around the world who rely on the company's full-service platform to
monetize their virtual currency. Offerpal's scope of services relieves
developers from having to manage multiple payment providers, customer service,
ad inventory, optimization and testing, freeing them up to focus on what they
do best: designing and managing their games or web sites.

"When I first integrated Offerpal's platform into (fluff) friends, I knew it
would work, I just didn't know how well," said Mike Sego, founder of (fluff)
friends, which was since acquired by SGN. "Offerpal helped me realize that I
had a legitimate business model behind the application and could generate a
lot of revenue. Obviously, they've helped a lot of other developers do the
same."

Offerpal expects to roll out more enhancements to its platform throughout
2010.

Milestones Since Launch
In just over two years, Offerpal has introduced a steady stream of new
features, partnered with leaders in online gaming and virtual currency, and
received several industry accolades, including:

    --  October 2009 - Anu Shukla named finalist in Stevie Awards for Women in
        Business
    --  September 2009 - Partnered with MindSpark; launched Offerpal SURVEYS;
        named #7 among San Francisco Business Times' Top 100-Women Owned
        Businesses
    --  August 2009 - Launched Multivariate Testing platform
    --  July 2009 - Launched OfferpalSECURE to fight virtual currency fraud;
        surpassed 100 million users
    --  June 2009 - Partnered with IMVU and Tapjoy; launched first
customizable
        virtual currency analytics package for social applications and
        destination sites
    --  May 2009 - Named winner of 2009 TiE50 Award; surpassed 3,000
advertising
        offers
    --  April 2009 - Partnered with Jolt Online
    --  March 2009 - Partnered with Aeria Games and OutSpark; expanded into
190+
        countries with 30+ languages
    --  February 2009 - Secured $15 million in Series B funding
    --  January 2009 - Introduced monetization platform for iPhone
applications;
        named AlwaysOn OnMedia 100 Winner
    --  July 2008 - Named AlwaysOn Global 250 Winner
    --  May 2008 - Surpassed 1 million unique visitors per month
    --  February 2008 - Expanded to the MySpace platform
    --  October 2007 - Launched offer-based monetization platform with (fluff)
        friends on Facebook

    --  June 2007 - Received $5 million in Series A funding



"We set out to do for virtual goods what Google has done for search: create a
full-service solution that's accessible by both large and small publishers,"
says Anu Shukla, CEO and co-founder of Offerpal. "The global market has
exploded in the two years since we launched Offerpal, and we'll no doubt
continue to experience a sharp incline - especially in social gaming and
virtual worlds."

About Offerpal Media
Offerpal Media is the leader in virtual currency monetization for online
games, virtual worlds and social networks. The company's turnkey payment
platform gives consumers the opportunity to earn or buy virtual currency by
completing targeted advertising offers or by purchasing it through direct,
global payment options. Since its launch in 2007, Offerpal has issued more
than 730 billion virtual points to more than 160 million consumers across
2,000 publishers. The company is headquartered in Fremont, California.
Investors include Interwest Capital, North Bridge Venture Partners, and D. E.
Shaw Ventures. For more information, visit www.offerpalmedia.com.



SOURCE  Offerpal Media

Company, Matt McAllister, Marketing Director of Offerpal Media,
+1-510-403-7319, matt.mcallister@offerpal.com, Media, Amy Jackson of Atomic
PR, +1-415-402-0230, amy@atomicpr.com, for Offerpal Media

 

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