Brendan Iribe, co-founder and CEO of Oculus VR, says the merger with Facebook primes the two firms to "invent the future" with VR.
"We believe virtual reality will connect people in ways we never before thought," said Iribe in a conference call following Tuesday's announcement of Facebook's acquisition of Oculus.
"VR opens up entirely new opportunities," added Iribe, who says the platform will form the basis of "a new generation of creative, compelling and engaging services that will fundamentally change the way we live, play, share and communicate".
He added, "We started with a focus on next generation gaming. Now we're teaming up with Facebook to invent the future.
"Facebook and Oculus share a common vision for opportunities that virtual reality presents to the world. Facebook's mission is to connect the world, and Oculus is focused on developing a new medium that allows people to connect in entirely new ways."
The Facebook acquisition "accelerates virtual reality's future", said Iribe, who's plans for the Rift headset, according to Facebook's announcement, will go ahead unchanged.
Facebook announced its plans to purchase the virtual reality headset company for $2 billion on Tuesday.
"We are excited to work with Mark and the Facebook team to deliver the very best virtual reality platform in the world," Oculus CEO Brendan Iribe said. "We believe virtual reality will be heavily defined by social experiences that connect people in magical, new ways. It is a transformative and disruptive technology, that enables the world to experience the impossible, and it's only just the beginning."