From the website:

Pringo Networks offers a complete social networking and media sharing platform allowing your company to effectively build an integrated online community around your existing user base. Pringo Networks provides the power and flexibility of state-of-the-art social network solution on your site. With features surpassing the leading popular networks, Pringo technology can offer you and your audience the same functionality as MySpace, YouTube, Tribe.net, Bebo.com and then some!