hi5 is a social networking site based in San Francisco, California. The company was founded in 2003 by Ramu Yalamanchi.[2] By 2008, comScore reported that hi5 had become the third most popular social networking site in terms of monthly unique visitors.[3]
Bill Gossman was appointed CEO in April 2009,[4] and since that time, hi5 has refocused itself as a social gaming platform and opened itself to new game developers.[5]. Gaming industry veteran Alex St. John joined the company as President and CTO in November 2009.[6], and in early 2010, hi5 acquired social gaming company Big Six.[7] The company raised $20 million in series A venture capital from Mohr Davidow Ventures, as well as $15 million in venture debt, in 2007,[8] and announced it had raised $3 million convertible note from existing investor Mohr Davidow, bringing the funding up to $38 million.[9] Quantcast reports hi5 has 2.7 million monthly US visitors and 46.1 million global visitors.[10] Software-industry veteran Karen Richardson has served as chairwoman of the company`s board since 2008.[11]
In December 2011, the social networking site, Tagged, purchased Hi5 for an undisclosed sum.[12]

Source link: http://en.wikipedia.org/wiki/Hi5

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