Inside Secure + Verimatrix to secure and transform connected services
Inside Secure has completed its acquisition of Verimatrix. In a joint statement, both companies stated that the M&A will accelerate the company’s strategic roadmap to offer improved value propositions for its customers with an expanded reach to securely transform connected services across a broad range of markets
The coming together of Inside Secure and Verimatrix will create enhanced offerings to secure the media and entertainment market. Their reinforced position in software and hardware security is timely for the mobile devices, Internet of Things (IoT) as well as for connected cars makers and this will lead to new growth opportunities in big data and business analytics applications.
Leading the combined company is Amedeo D’Angelo, who will take the helm as chairman and CEO with the objective to support a “smooth and efficient” cultural and business integration and grow the business.
Steve Oetegenn, who has served as president and chief sales and marketing officer of Verimatrix, has been appointed to the position of COO for the combined company.
D’Angelo announced: “I am thrilled to welcome the Verimatrix team and expertise to create a strong force in cloud-based security and analytics.
“This is an exciting time for the new combined company, which is ideally positioned to be a software-based security and analytics powerhouse.
“By joining forces, we are able to offer our customers the best value proposition in security, starting with entertainment and mobile industries, and moving towards markets, such as IoT and connected cars, while deploying Verimatrix data analytics capabilities across our end-markets, and to continue to create value for our shareholders.”