Inside Secure enters into exclusive agreement to acquire Verimatrix | Major Businesses | Business | News | Rapid TV News
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In a surprise development that the interested parties say will create a software-based security powerhouse, Inside Secure has acquired security specialist Verimatrix.

verimatrix 29 august 2017The deal is an all-cash transaction consideration of approximately $143 million at closing, including assumption of $18 million estimated net cash, and an estimated contingent earn-out of $9 million payable in Q2 2019.

Inside Secure known for bringing security at the heart of connected devices and apps especially within the video services market. It says that the acquisition gives it a unique value proposition within the entertainment security market, enabling content providers and service operators to manage the most complex video security challenges particularly with regard to cloud-based solutions.

After the acquisition is closed, it will deploy Verimatrix data analytics capabilities across all of its end markets. And that it would be ready to capture opportunities to up-sell and cross-sell customers while benefiting from economies of scale estimated at $10 million.

“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,” said Inside Secure chairman and CEO Amedeo D'Angelo. “In this context, I’m very 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.”

Added Verimatrix CEO Tom Munro: “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.”