IMVU Information

IMVU Announces Major Hiring Push to Continue Rapid Business Growth

Company to double its size to 125 employees by the end of 2010 and to relocate headquarters to accommodate expansion

PALO ALTO, Calif., February 23, 2010 -- IMVU, an online community where members use 3D avatars to meet new people, chat, create and play, today announced plans to double the number of employees by the end of 2010. In order to accommodate its growing employee base, the company this week moved its headquarters to larger office space in downtown Palo Alto, CA.

"This is an exciting time for all of us at IMVU," said Cary Rosenzweig, CEO of IMVU. "We began 2010 with 60 employees and by the end of year we anticipate more than doubling that number. Bringing more team members will allow us to invest back into the business and to offer an even better customer experience."

In October 2009, IMVU announced that it had reached an annualized revenue run rate of $25 million and had achieved profitability. As the company's business continues to grow rapidly, expanding the team and office space is necessary to provide its users with an even more engaging and entertaining experience online. IMVU this week moved into office space at 164 Hamilton Avenue in Palo Alto, formerly occupied by Facebook.

For more information on IMVU and the many positions currently available visit http://da.imvu.com/jobs.

About IMVU

IMVU Inc. (da.imvu.com) is an avatar-based social network and virtual world where people meet and interact in 3D. IMVU has reached 40 million registered users, 6 million unique visitors per month and a $25 million revenue run rate. IMVU has the world's largest virtual goods catalog of more than 3 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 Palo Alto, CA.

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