|Mayor Doug Craig of Cambridge, ON, TextNow CEO & co-founder Derek Ting, Mayor Dave Jaworsky of Waterloo, ON, and TextNow VP of Growth & GM Mark Braatz at Opening of TextNow's new San Francisco Office.|
Canadian based Sprint MVNO and OTT app maker TextNow announced the opening of its first US office yesterday. The new office is in San Francisco's SoMa neighborhood where Google, Mozilla and many tech startups and media companies also have offices.
In announcing the new office, TextNow revealed that the company has been growing rapidly and is profitable. 2015 revenue was $20 million, up 75% over 2014. TextNow is currently activating 2 million new users per month. Presumably the bulk of the activations are of TextNow's free Android, iOS, Windows Phone and PC apps rather than TextNow Wireless. But the MVNO side of the business seems to be doing well too, TextNow says wireless subscribers grew by 360% in 2015.
In announcing the San Francisco office and growth metrics, TextNow CEO Derek Ting said, "The growth we have experienced this year has been extraordinary, particularly because we are growing and expanding differently than most start-ups. This means we aren't relying on major funding, we are not operating in the red nor are we launching some 'never been seen before' idea. We have been successful by proving we could take on the gigantic telecom industry, where the barriers of entry are intense, all while maintaining profitability. Not many startups can say that".
TextNow Wireless phones use custom Android software to route calls over the best available transport whether it's WiFi, cellular data or cellular voice. There are four TextNow Wireless plans:
- $18.99 for 500 MB of 3G/4G data, unlimited 2G data and unlimited texting and calling to the US and Canada
- $26.99 for 1 GB of 3G/4G data, unlimited 2G data and unlimited texting and calling to the US and Canada
- $39.99 for 2 GB of of 3G/4G data, unlimited 2G data and unlimited texting and calling to the US and Canada
- $59.99 for 4 GB of 3G/4G data, unlimited 2G data and unlimited texting and calling to the US and Canada.