Inside Secure expands its mobile security activity to OTT environments with the purchase of Verimatrix

The French company specialized in security solutions for mobile and connected devices signs an exclusivity agreement to acquire Verimatrix.

Inside Secure, a French company specialized in security solutions for mobile and connected devices, has signed a exclusivity agreement to acquire Verimatrix, based in San Diego (California, United States).

Verimatrix, which employs more than 300 people in 20 countries, with major operations in California and Germany, is a provider of software security for video services. Its security solutions are recognized for their comprehensive support of multiple networks and for maintaining the integrity of end-to-end services.

Verimatrix helps reduce the cost and complexity of current content delivery processes. The company expands its technical innovation for video providers by offering a comprehensive data collection and analysis platform for automated real-time Quality of Experience (QoE) optimization that drives security performance monitoring, user engagement and content monetization.

Verimatrix obtained 78.7 million revenues and 14.5 million EBITDA4 in the twelve-month period ended September 30, 2018.

Amedeo D'Angelo, president and CEO of Inside Secure, said: "Over the years, we have built a unique position to bring security to the heart of connected devices and applications 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 deep expertise in cloud-based data analysis and intelligence on security performance and video user behavior.

In this context, he recognizes that “Verimatrix, which is the perfect solution to reinforce the scale and scope of our value proposition in end markets that are rapidly shifting towards software-based and cloud-based security solutions, while video content consumption is becoming multi-device and multi-format.”

“We look forward to combining both businesses to offer our customers the best value proposition in safety, starting with entertainment and moving towards the Internet of Things and connected cars, and continue creating value for our shareholders,” adds D’Angelo.

Tom Munro, CEO of Verimatrix, emphasizes for his part that "this transaction allows for a great combination of technologies and experience, uniting two highly respected companies in the market. It is exciting to create a company with such a clear focus, a global presence and deep experience in security and analysis applications in critical market segments."