Monday, July 1, 2019

Inside Secure Becomes Verimatrix

Inside Secure, the French company which acquired San Diego-based Verimatrix in March, has renamed itself as Verimatrix, the company announced this morning. The combined company trades on the Euronext Paris as VMX. Inside Secure paid $147M, mostly in cash, for Verimatrix as part of the acquisition deal in March. The two rolled out a new logo and tagline as part of the renaming of Inside Secure to Verimatrix. The combined companies develop everything from set-top boxes and security services for the telecom, entertainment, mobile and semiconductor industries. The company says it now has more than 400 employees.