Magneto offers a range of tools, including a web app, browser extension, and iPhone app, that sync with Microsoft Exchange and Google Calendar. It addresses common calendar problems by allowing users to schedule with cross-company teams, integrating travel times and to-do lists, and providing other unique features. The company was founded by David Schairer, Gadi Shamia, and Ellen Beldner and received funding from Hillsven Ventures, whose board member Bobby Lent was a co-founder of Ariba.