The acquisition by Inside Secure brings together the combination of technologies and expertise of both companies, said Tom Munro, CEO of Verimatrix.
The acquisition of Verimatrix will extend Inside Secure’s reach to bring end-to-end security solutions to the Internet of Things (IoT) and connected cars markets
Inside Secure, a software company based in France, has announced that it has inked a deal to acquire Verimatrix for US$143 million. The agreement is said to combine both companies’ expertise in cloud-based security solutions with significant presence in the entertainment market, with an eye on bringing end-to-end security solutions to the Internet of Things (IoT) and connected cars markets.
Commenting on the proposed transaction, Amedeo D’Angelo, chairman and CEO of Inside Secure, said: “Over the years, we have built a unique position to bring security at the heart of connected devices and apps with leading position in the OTT video services market. Verimatrix has become a key player in software-based security for entertainment content management through its scalable and comprehensive platform with a deep expertise in cloud-based data analytics and intelligence on security performance and video users’ behaviours.
“In this context, I’m pleased to move ahead with the project to acquire Verimatrix which is the perfect fit to strengthen scale and reach of our value proposition in end-markets that are fast shifting towards software and cloud-based security solutions while video content consumption is becoming multi-device and multi-format.”
As a software security provider for video services, Verimatrix’s security solutions have been deployed by global media companies for comprehensive multi-network support and maintaining end-to-end service integrity. The company also extends its technical innovation for video providers by offering a data collection and analysis platform for automated quality of experience (QoE) optimisation that drives security performance monitoring, user engagement and content monetisation.
Tom Munro, CEO of Verimatrix, concluded: “This transaction allows a great combination of technologies and expertise, bringing two well-respected market players together. It’s exciting to create a company with such a clear focus, a global presence, and a depth of expertise in the applications of security and analytics across critical market segments.”