Tom Munro to exit Verimatrix | Major Businesses | Business | News | Rapid TV News
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Industry stalwart Tom Munro, long-standing CEO at content security provider Verimatrix, has revealed that he will leave the company once its acquisition by Inside Secure closes.

TomMunro 27 feb 2019The December 2018 deal, estimated to be for $125 million, is expected to close within days. Munro has sent a note to contacts saying that he had “opted out of the future management team,” and will retire again.

“My plan is to remain involved on some boards and advisory roles in the industry,” he said.

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.”