IMVU Ranked 87th Fastest Growing Company in North America on Deloitte's 2011 Technology Fast 500™
IMVU Attributes 1158% Revenue Growth to Strong Demand for Virtual Goods
MOUNTAIN VIEW, CA -- October 20, 2011 -- IMVU, an online social game where members use 3D avatars to meet new people, chat, create and play games with their friends, today announced that it ranked 87th on Deloitte’s 2011 Technology Fast 500™ ranking of 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. IMVU grew revenue 1158% during the 2006 to 2010 period.
“IMVU helps its members to meet new people around the world and to have fun in a virtual environment,” said Cary Rosenzweig, CEO of IMVU. “Although IMVU is free to play, some members choose to enhance their experience by purchasing virtual goods, and this is what drives our revenue. Our revenue growth is a reflection of delivering a great consumer experience.”About Deloitte’s 2011 Technology Fast 500™
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
About IMVU, Inc.
IMVU, Inc. (www.imvu.com) is an online social game where members use 3D avatars to meet new people, chat, create and play games with their friends. IMVU has over 50 million registered users and 10 million unique visitors per month. IMVU also has the world’s largest virtual goods catalog of more than six million items, almost all of which are created by its own members. Founded in 2004, IMVU is backed by venture investors Menlo Ventures, Allegis Capital, Bridgescale Partners and Best Buy Capital and is located in Mountain View, CA. IMVU is currently hiring for many positions. For more information, please visit http://www.imvu.com/jobs