IMVU Selected as an Inc. 500/5000 Company for the Second Consecutive Year
MOUNTAIN VIEW, CA -- August 23, 2011 -- IMVU, an online social entertainment destination where members use 3D avatars to meet new people, chat, create and play games with their friends, today announced that Inc. magazine named the company to its 30th annual Inc. 500/5000 list, an exclusive ranking of the nation's fastest-growing private companies.
The list represents the most comprehensive look at the most important segment of the economy – America’s independent entrepreneurs. In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
“We are proud to be recognized by Inc. magazine as one of the fastest growing private companies in the nation,” said Cary Rosenzweig, CEO of IMVU. “Inc.’s recognition of IMVU for the second year running is a true testament to our leadership in the social entertainment space.”
Complete results of the Inc. 500/5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.The 2011 Inc. 500/5000, will also be unveiled in the September issue of Inc. magazine.
About IMVU, Inc.
IMVU, Inc. (it.imvu.com) is an online social entertainment destination 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://it.imvu.com/jobs
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.