ExitReality acquires Twinity

ExitReality acquires Twinity, an App that leaves Google Earth feeling lonely.

Decorating a virtual apartment in Twinity.

SAN FRANCISCO, Calif., 8th June 2012 8:00 AM Metaversum the developers of the 3D “mirror world” Twinity today announced the acquisition by 3D Internet company, ExitReality.

The vision behind Twinity brings the real and the virtual world closer together by building realistic replicas of the world’s most vibrant cities in 3D. Among the landmark destinations are New York, London, Berlin and Singapore with many more places to explore. Twinity members can create a personal avatar, explore real cities virtually, move into a 3D home, chat with friends, work, get creative, or just have fun together.

Christian von Hardenberg

“Twinity has been a successful venture for us. We have attracted a vibrant community of citizens living, creating and transacting in 3D cities.” said Christian von Hardenberg CEO of Metaversum.

Twinity cities are built automatically from map data using unique GIS software developed over the last five years. Founded in July 2006 Twinity has been funded in several multi-million dollar rounds by leading European VCs

Danny Stefanic

“Twinity has a passionate community of socializers and creators. I’ve seen thousands of user created virtual items, everything from furniture to luxury yachts. Virtual-goods is now a multi-billion dollar industry. The combination of Google Earth features and a unique business model that generates revenue from virtual goods and real estate is exciting.” commented Danny Stefanic, CEO and founder of ExitReality. “I am impressed with what the Twinity team have achieved. Building an inhabited virtual planet that mirrors Google Earth and runs profitably is a fantastic achievement.” he added.

“ExitReality have proven experience in the web 3D industry. I am confident they have embraced the vision for Twinity and will continue to build on its many strengths.” explained Christian von Hardenberg.

The strategic acquisition for an undisclosed amount adds to a series of businesses in ExitReality’s web 3D portfolio.

For more information contact: prweber@exitreality.com

Visit:

www.twinity.com

www.exitreality.com

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