Inside Secure enters into an exclusive agreement to acquire Verimatrix

Inside Secure announced that it has entered into an exclusivity agreement to acquire Verimatrix, the global independent leading software security provider for video services, with presence in Latin America.
Inside Secure will pay USD 143 million in cash, plus an estimated USD 9 million earn-out in the second quarter of 2019. The transaction is expected to close in the first quarter of 2019.
The deal leads to the creation of a global powerhouse in software-based security with significant penetration of the Entertainment market. In addition, it provides firm foundations to accelerate penetration of other growth verticals that face a critical security challenge, notably IoT and Connected Cars.
“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,” commented Tom Munro, CEO of Verimatrix.
Inside Secure offers security solutions for mobile and connected devices. The combination now accelerates the company’s strategic roadmap offering an improved value proposition for its shareholders.
“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,” said Amedeo D’Angelo, Chairman and CEO of Inside Secure.