Hi5 Plucks An App Developer From Its Platform

by Mark Hendrickson on June 30, 2008

Second-tier social network Hi5 has acquired app developer PixVerse for an undisclosed amount, just four months after launching its app platform based on the OpenSocial specification.

PixVerse offers several applications such as Pix Chat and Pix Wall, which are Flash-based and run on not only Hi5 but other social networks like Facebook as well.

The company was founded in February 2007 and is financially backed by Venrock. It was also one of the earlier adopters of Google App Engine.

CrunchBase Information

PixVerse

hi5

Information provided by CrunchBase

Responses

Trackback URL

Comments

Chris - June 30th, 2008 at 12:28 pm PDT

“Second-tier social network”. Hi5 just exists. Kind of like Blackplanet.com

Crazyglues - June 30th, 2008 at 12:40 pm PDT

@Chris ,

Well can we really say Blackplanet.com just exist… seems to me they re-did there whole site a while back and they do seem to be very profitable..

So if you mean like how http://www.engadget.com just exist, then since when has just existing been a bad thing…. seems to me many sites are here today and then gone tomorrow…

Mike - June 30th, 2008 at 12:53 pm PDT

Mark - is GMail a second-tier email provider for you - 100 MM users vs hotmail/yahoo’s 250 MM?

hi5 has around 50 million active users. Its in the same league as wordpress. Wake up.

Ryan Graves - June 30th, 2008 at 1:24 pm PDT

Get with the program. 50mm users is impressive.

How many users does your start-up have?

John - June 30th, 2008 at 2:17 pm PDT

As Ryan said,

Based on market data, hi5 is one of the top four largest social networks worldwide with 50 million uniques a month.

Mark - I guess you don’t have to consider facts when you are writing.

I’m not really sure really what your point was in calling hi5 a second tier network. Is there some fact that you are referring to, or is it just junior level second tier reporting?

Mark Hendrickson - June 30th, 2008 at 4:13 pm PDT

@Mike & John - If you’re going to troll, at least use your real names.

When compared to Facebook and MySpace, Hi5 is definitely in a second tier. Just see here:

http://www.techcrunch.com/2008.....in-a-year/

Or here:

http://www.techcrunch.com/2008.....and-imeem/

Matt - June 30th, 2008 at 7:12 pm PDT

There is one key difference between hi5 and Wordpress. I don’t get dozens of emails every week from fake Wordpress users asking me to be one of their friends.