Washington - YFonGlobal, the developer of a platform that allows clients to launch social networking platforms, said on Wednesday that it has signed a deal to be acquired by Splinternet Holdings, a Connecticut-based developer of Internet telephony products and services.

Washington - In a move designed to take the company public, YFonGlobal, the developer of a platform that allows clients to launch social networks, said on Tuesday that it has signed a deal to execute a reverse merger with Connecticut-based PacketPort.com, a provider of Internet telephone services that trades on the Over-The-Counter (OTC) Bulletin Board.

Washington - YFonGlobal, a developer of social network marketing technology, said on Wednesday that it has raised $1.8 million in its second angel round of funding.