Local software developers amaze Japanese investors

The impressive software development skills of Cebuano software developers at Morph Labs Inc, has attracted Japanese investors to advance their software development works offered to the global market.

Morph Labs Inc., chairman Winston Damarillo said in an interview that the company is now clinching an investment deal with a group of Japanese impressed by the works of the Cebuano software developers.

“We are going to maximize the use of technology, and we are continuously inventing new solutions for the world market, eventually we will have their works licensed,” Damarillo said.

With this set-up, top-notch software solutions that will be known around the world, will be patented and promoted as “product of [Cebu] Philippines” boosting the name of the country as the home of international Information Technology (IT) experts.

Morph Labs Inc. www.morphexchange.com is a Philippine-based Web 2.0 technology company focused on providing innovative technologies and applications to support Software as a Service globally.  

Based in Cebu but with operations in Manila and Los Angeles California, USA, Morph Labs is poised to become the leading provider of on-demand applications and delivery platforms.

In December of last year, the company announced to raise an initial capitalization fund of P65 million to finance its research and development venture here, that would provide software as a service in the international market.

Morph Labs, a Web 2.0 technology company, recently signed with AO Capital Partners Limited, to lead the venture financing round. As lead investors, AO Capital has agreed to fund a minimum of P24 million of the private equity round with the option of funding the entire offering.

The new Japanese partner, will also pour in sizeable amount to fast track the software solutions development for Morph, he said. However, both parties still have to agree on the exact amount of the investment.

The intellectual property of Morph Labs has recently been bolstered with the acquisition of a U.S. based data center and its software assets, the CoRE Network.  The SaaS operational support software solution and physical data center provide key components, which are expected to accelerate the timetable for product availability. 

According to Damarillo, all software solutions products developed in Morph Labs in Cebu, will be licensed as “Cebu-patent”.

Morph Labs, located at the Asia Town IT Park, targets to launch a series of product offerings starting this month. The company anticipates a comprehensive solution set for both the supply and the demand side of Software as a Service by year-end 2008.