Once independent as Tiger Electronics Inc., the headquarters were located in Vernon Hills, Illinois. The company itself was founded by Randy Rissman, Gerald Rissman, and Arnold Rissman in 1978. Tiger Electronics merged with Hasbro in 1998.
A Furby (plural Furbys) is an electronic friend initially released in 1998 by Tiger Electronics Inc, which went through a period of being a "must-have" toy following its launch in the holiday season of 1998, with continual sales until 2000. Furby sold 1.8 million units in 1998, 14 million units in 1999, and altogether in its three years of original production, Furby sold over 40 million units, and its speaking capabilities were translated into 24 languages.