Αρχική iptv-news Inside Secure to buy Verimatrix

Inside Secure to buy Verimatrix

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Verimatrix has confirmed its entered an exclusive agreement that will see Inside Secure purchase the security company for $143 million, funded by a mix of cash, debt and equity.

The merged entity will stretch from end-to-end security solutions into the IoT and connected car markets through to online television distribution.

Inside Secure, which has specialised in mobile and connected devices, has worked with HBO, BBC and Sky.

The equity financing is being backed by One Equity Partners, the technology specialist that is also a shareholder in Ericsson spinoff Mediakind.

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 a 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”

Tom Munro, CEO of Verimatrix, Inc, added: “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.”

The combined entities would have generated $119 million in adjusted revenue and $21.5 million in EBITDA in 2017 on an IFRS pro forma basis.



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