IMVU Wins 2008 Virtual Worlds Innovation Award
PALO ALTO, Calif., September 30, 2008 -- IMVU Inc. (id.imvu.com), an online destination where adults and teens meet new people in 3D, was awarded the 2008 Virtual Worlds Innovation Award in the Consumer category. IMVU was among eight winners in five categories and winners received their awards in person at the Virtual Worlds Conference and Expo on September 3, 2008 at the Los Angeles, California convention center.
IMVU was informed that the decision to recognize the company was a result of its truly impressive successes in building not only a huge audience in a tough demographic, but also for its ability to build a strong developer community. Creating content in both 2D and 3D is recognized as a challenging task and the judges felt that the IMVU community showed tremendous commitment and talent.
“We are hugely honored by the Virtual Worlds award,” said Cary Rosenzweig, CEO of IMVU. “This award is a reflection of the amazingly creative IMVU community of developers who add 4,000 new digital items each day to the IMVU catalog, the world’s largest.”
2008 is the first year for the Virtual Worlds Innovation Awards. Categories included virtual worlds for: enterprise, consumer, youth, pioneer and overall innovation. The prestigious list of judges included:
“Winners of the Virtual Worlds Innovation Award should be very proud of their accomplishments,” said Joey Seiler, editor for Virtual Worlds News and awards chairman. “The innovation in the virtual worlds industry over the last year represents growth by leaps and bounds and we felt it was time to recognize some of the stars of this exciting space. This year’s winners are incredibly deserving as they were up against a very long list of innovators.”
Founded in 2004, IMVU Inc. (id.imvu.com) is an online destination where young adults meet new people in 3D. Still in public beta, the company has already reached major milestones, including 20 million registered users, 100,000 registered developers and $1 million in revenue each month. Members of IMVU have fun meeting new people with similar interests and expressing themselves through personalizing their 3D avatars, virtual rooms and home pages. IMVU offers the world's largest virtual goods catalog with over 1.5 million items. Over 90 percent of IMVU's revenue is from the direct sale of virtual credits, used to purchase virtual products. IMVU is backed by top venture investors Menlo Ventures, Allegis Capital and Bridgescale Partners and is located in Palo Alto, CA.