The company has already filed a prospectus with the TASE.
After more than three dry years, the Tel Aviv Stock Exchange (TASE) is again becoming an option for Israeli high-tech start-ups. Sources inform ''Globes'' that PicScout Ltd., which has developed a solution for monitoring copyrighted images on the Internet, is planning to raise $5-10 million in an IPO on the TASE within a few months. The company has already filed a prospectus with the Israel Securities Authority.
PicScout CEO Offir Gutelzon and chairman Eyal Gura founded the company in 2002. The company has developed technology, ImageIRC, which can enforce copyright and enable the sale of images shared on the Internet by ensuring that every image is credited, using a kind of "fingerprint" on the image's components.
The sources say that PicScount is planning the IPO to leverage its momentum, and because it needs additional funding to develop its new product, ImageExchange, and increase its DB size. PicScout considers ImageExchange its product of the future. The company's website says that the technology will enable buyers to obtain information about the copyright owners of an image.
Published by Globes [online], Israel business news - www.globes-online.com - on July 18, 2010
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