Imagination Technologies Group plc (LSE: IMG) is a British-based maker of a mobile graphics and microprocessor chip technology primarily known for its PowerVR graphics and Pure DAB radio divisions. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
The Company was founded in 1985 as VideoLogic and originally focused on graphics, sound acceleration, home audio systems, video-capture and video-conferencing systems.
It was first listed on the London Stock Exchange in July 1994. The following year it entered into a licensing agreement over its PowerVR technology with NEC (now Renesas) who took a 2.29% stake in the Company for £1.6 million and acquired to the rights to manufacture and sell the chip. On 2 December 1997, NEC subscribed 2.3 million (1.5%) new shares at a price of 56.5p, taking its total stake to 3.5%. In 1999 the Company refocused on intellectual property licensing generally and changed its name to Imagination Technologies.
On 23 March 2000, Imagination Technologies acquired Ensigma, a private company specialising in Digital Signal Processing, for a maximum consideration of £5 million.