Home › DMW Daily › June 30, 2008

Social Network Hi5 Acquires PixVerse

Authored by Mark Hefflinger on June 30, 2008 - 10:38am.

San Francisco - Online social network Hi5 announced on Monday that it has acquired PixVerse, the provider of a Flash-based, no-download virtual world platform for social networks.

Financial terms of the deal were not disclosed.

PixVerse was founded in 2007 and backed by venture capital firm Venrock.

The company is one of thousands of third-party developers that have written applications that run on Hi5, which claims 80 million users.

"Communicating with friends is one of the primary benefits of hi5, and this technology and team enables hi5 to deliver a much richer, more visual medium of interaction for users of our network," said Hi5 CEO Ramu Yalamanchi.

 

Related Links:
http://biz.yahoo.com/bw/080630/20080630006338.html?.v=1

http://www.hi5.com

http://www.pixverse.com

Published in DMW Daily, June 30, 2008
tags: Deals | Social Networking | Acquisitions | Virtual Worlds | Hi5 | PixVerse |



Comments

Well, this might be good for

Submitted by Pet Supplies (not verified) on February 20, 2009 - 10:27am.
Well, this might be good for Hi5. They are quickly lagging behind the game compared to Facebook. I think they really should go on and take new initiatives like this one more and more often to catch up on Facebook or Myspace.

I agree with you.

Submitted by Bet clic (not verified) on June 19, 2009 - 8:30am.
I agree with you.

I don't ever know this

Submitted by Unibet (not verified) on March 3, 2009 - 4:56am.
I don't ever know this social bookmark but i will try it in a few days... I only use Facebook and i enjoy it !

Thx for that topic, i will

Submitted by Bwin (not verified) on April 2, 2009 - 1:29am.
Thx for that topic, i will try too very soon :)

i will use it for chatting

Submitted by mutuelle (not verified) on April 29, 2009 - 10:18pm.
Thanks for this post. i will use it for chatting.

Thanks for this news.

Submitted by bonus unibet (not verified) on June 5, 2009 - 3:02am.
Thanks for this news. Pixverse is a good acquisition for hi5. A lot of fun in these social networking websites...

Pixverse

Submitted by bonus bwin (not verified) on June 16, 2009 - 8:51pm.
PixVerse will be definitly a good acquisition !

I Love Hi5

Submitted by Baby Gift and Shower Gil (not verified) on June 24, 2009 - 4:51am.
Hi5 is the redheaded stepchild of social networking, but I use it and love it. This should help it grow to compete with the others.

HI5

Submitted by hgh (not verified) on June 25, 2009 - 5:45pm.
i agreed with "mmunicating with friends is one of the primary benefits of hi5" I use HI5 to contact my old high school friends.

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