hi5 Networks has acquired PixVerse, Inc., provider of rich, real-time interactions within social networks. Built on its breakthrough Flash-based, no-download virtual world platform, PixVerse developed the popular and highly interactive Pix Chat and Pix Wall applications, which run on hi5 and other social networking services through platform integration.
PixVerse is one of thousands of third-party software developers that have written applications to run on top of the hi5 Platform since its launch in April 2008. Ranging from enhanced friend interactions to games, applications on hi5 provide a popular way of extending the social networking experience and enhancing end user engagement.
Financial terms of the deal were not disclosed.