Inside Secure enters into exclusive agreement to acquire Verimatrix

Inside Secure enters into exclusive agreement to acquire Verimatrix DetailsJoseph O'Halloran | 06 December 2018 In a surprise development that the interested parties say will create a software-based security powerhouse, Inside Secure has acquired security specialist Verimatrix.The 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.