Inside Secure has completed its acquisition of Verimatrix, in a deal worth $138.1 million in cash.
According to Inside Secure, combining the two companies accelerates its strategic roadmap, “offering an improved value proposition for customers with an expanded reach to securely transform connected services across a broad range of markets.”
Inside Source company says the acquisition, which was first announced in December 2018, 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.
Amedeo D’Angelo, chairman and CEO of the combined company, said: “I am thrilled to welcome the Verimatrix team and expertise to create a strong force in Cloud-based security and analytics. 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.”