Image processing technology, Morpho goes IPO at July 21 on Mothers /Venture Now

Morpho, developing products based on image processing technologies, was approved by Tokyo Stock Exchange for new listing on Mothers, a stock market targeting for emerging companies.

Major shareholders include UTEC (21.7%), Masaki Hiraga (12.09%), Nokia Growth Partners (7.05%), Docomo.com (4.68%), NTT Docomo (4.23%) and others.

Morpho was founded in 2004 May by mainly engineers of University of Tokyo specialized in digital image processing technology. It develops technologies like image stabilization, face recognition, and frame interpolation of video.

It has 1.4 billion yen of revenue and 307 million yen of pretax profit in 2010 ending October.

Venture Now 6/16/2011

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• The image stabilization technology has been adopted by many feature phones from most of Japanese mobile device makers.