Monday, June 30, 2008
hi5 Buys PixVerse
San Francisco-based hi5 Networks, an online social networking web site, said Monday that it has acquired PixVerse, a provider of widgets for hi5 and other social networking web sites. Financial terms of the deal were not disclosed. PixVerse was venture backed by Venrock. PixVerse develops a virtual world based on Adobe's Flash software. The firm's applications include Pix Chat and Pix Wall.