Morph Labs aqcuired $1.5-M pre-IPO fund

Apr 3, 2008

Morph Labs aqcuired $1.5-M pre-IPO fund

Categories: Industry

Written By: Rodel

Morph Labs acquired $1.5-M pre-IPO fund. Morph Labs the leading enabler of Software as a Service (SaaS) that leverages virtual infrastructure and open source technologies to simplify deployment, delivery and management of web based applications has acquired $1.5 million in investments from two foreign venture capital firms while proceeds from the IPO will enable Morph to expand its operations.

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Moreover, Morph which has offices in Manila and Cebu recently launched Morph AppSpace, a platform geared towards software-as-a-service (SaaS) for deployment and management of end-user Web-based applications.

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