The University of Queensland (UQ) graduates Mark Cracknell and Nathan Hoad have the World Wide Web at their feet after creating their own social networking site.
The social networking site "Kondoot" allows users to broadcast live video to their network of family and friends.
Founded by the UQ Brisbane based graduates, Kondoot has recently received $1million in funding and with a further $10million being sought after the release of a prospectus.
One of the main drawcards of Kondoot is the feature allowing musicians, performers, or celebrities to sell online tickets to a live concert or show, allowing fans to virtually attend the show without having to leave the comfort of their own home.
In addition to live video broadcast, the site also provides its members with an instant messaging service and numerous games.
UQ's Head of the School of Information Technology and Electrical Engineering (ITEE) Professor Paul Strooper said, the success of Mark and Nathan highlights the global application of an Information Technology degree from UQ.
"Mark, Nathan and their team deserve to be congratulated on the success of their social networking site,"Professor Strooper said.
"Kondoot has users in over 130 countries- a figure which will only continue to expand as the social networking site establishes a name for itself on the international stage."
The Kondoot team currently have their sights set on the markets within Australia and the United States with plans to open an office in New York in order to aid their expansion within the US market.
Once they have established themselves firmly within the US market, the team have their eyes set on the United Kingdom, with hopes to open an office in London.
"I wish Mark and Nathan every success in their social networking endeavours- I am confident that these are two names we will continue to hear," Professor Strooper said.
ITEE will be utilising Kondoot for a professional development session which will enable teachers working in remote areas to participate in the forum without having to travel to the University's St. Lucia campus.
Media: Madelene Flanagan (m.flanagan@uq.edu.au or 3365 8525).
