Verimatrix Sells Silicon IP Business To Rambus
SEPTEMBER 4, 2019
San Diego-based Verimatrix , which develops security software for set-top box makers and others, has sold one of its business units--its Silicon IP and Secure Protocols business--to Rambus , in a deal worth $65M in cash. According to Verimatrix, the move will help it become a "pure player" in software. Verimatrix said its SIP business unit generates $22M in revenues.