INSIDE-SECURE
Regulatory News:
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190228006059/en/
Inside Secure (Euronext Paris:INSD), at the heart of security solutions for mobile and connected devices, today announced the successful completion of the acquisition of Verimatrix.
The combination accelerates the company’s strategic roadmap, offering an improved value proposition for its customers with an expanded reach to securely transform connected services across a broad range of markets. This combination creates a unique offering in the entertainment security market, a reinforced position in software and hardware security for the mobile, internet of things (IoT) and connected cars markets, and new growth opportunities in big data and business analytics applications. The combined company enables success through trusted business insights and easy to use security solutions.
Commenting on this announcement, Amedeo D'Angelo, chairman and CEO of the combined company stated: “I am thrilled to welcome the Verimatrix team and expertise to create a strong force in cloud-based security and analytics. This is an exciting time for the new combined company, which is ideally positioned to be a software-based security and analytics powerhouse. 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. I would like to once again thank our shareholders for their support in the financing of the acquisition.”
The combined company is led by an established leadership team that reflects the strengths and capabilities of both companies under the leadership of Amedeo D’Angelo, with the objective to support a smooth and efficient cultural and business integration and grow the business. Steve Oetegenn, who has served as president and chief sales and marketing officer of Verimatrix, was appointed chief operating officer for the combined company.
For 100% ownership of Verimatrix stock, Inside Secure paid, at closing, $138.1 million in cash and an additional amount of $9.8 million set in escrow to cover (i) potential post-closing adjustments and (ii) an earn-out, estimated to be $8 million. The final amount of the earn-out will be known in the second quarter of 2019 following completion of year-end audit of Verimatrix earnings.
William Blair acted as financial advisor and McDermott Will & Emery served as legal counsel to Verimatrix in connection with the transaction, and Jones Day served as legal counsel to Inside Secure.
Financial reporting calendar
| Full-year 2018 results |
March 6, 2019 after market close
Conference call on March 7 at 830am (Paris time) |
||
About Inside Secure
Inside Secure (Euronext Paris – INSD) is at the heart of security solutions for mobile and connected devices, providing software, silicon IP, tools, services, and know-how needed to protect customers’ transactions, ID, content, applications, and communications. With its deep security expertise and experience, the company delivers products having advanced and differentiated technical capabilities that span the entire range of security requirement levels to serve the demanding markets of network security, IoT and System-on-Chip security, video content and entertainment, mobile payment and banking, enterprise and telecom. Inside Secure’s technology protects solutions for a broad range of customers, including service providers, operators, content distributors, security system integrators, device makers and semiconductor manufacturers. For more information, visit www.insidesecure.com .
About Verimatrix
Verimatrix specializes in enhancing and securing revenue for connected devices and IP-based services around the world. Recognizing the need to improve digital exchange between content providers and video service operators, Verimatrix offers Viewthority™, a connected content distribution platform that leverages its award-winning VCAS™ security and Verspective® Analytics solutions, and unmatched partner ecosystem to reduce the costs and complexities associated with legacy distribution workflows. For more information, visit www.verimatrix.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20190228006059/en/
Contact:
Press and investor contacts Investor relations Richard Vacher Detournière General Manager & CFO +33 (0) 4 42 905 905 contactinvestisseurs@insidesecure.com
Brunswick Julien Trosdorf Jérôme Biscay +33 (0)1 53 96 83 83 Insidesecure@brunswickgroup.com
Media relations Kelly Foster +1 619-224-1261 kfoster@verimatrix.com
Corporate communications Brigitte Foll Marcom Director +33 (0) 4 42 905 905 communication@insidesecure.com
Link:
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
New Potential Treatment Strategy for Brain Metastases and Leptomeningeal Disease: HER3-DXd Shows Promising Results in the Phase II TUXEDO-3 Study for Patients With Limited Therapeutic Options4.6.2025 20:19:00 CEST | Press release
The TUXEDO-3 trial is the first study to evaluate the intracranial and extracranial efficacy and safety of a novel anti-cancer drug in patients with breast and lung cancer and active brain metastases, and leptomeningeal disease from solid tumors. These results were presented as an oral presentation at the American Society of Clinical Oncology (ASCO) 2025 Annual Meeting, with select results simultaneously published in Nature Medicine. MEDSIR’s DEMETHER clinical trial was mentioned during abstract discussion due to the relevance of its strategy. Leading international medical research company, MEDSIR announced today the positive results of the TUXEDO-3 trial at the American Society of Clinical Oncology (ASCO) Annual Meeting 2025. This phase II study funded by Daiichi Sankyo and Merck, known as MSD outside of the United States and Canada, evaluates the efficacy and safety of patritumab deruxtecan (HER3-DXd) in patients with active brain metastases and leptomeningeal disease, serious compli
QPS Celebrates 30th Anniversary4.6.2025 18:00:00 CEST | Press release
QPS Holdings, LLC (QPS), an award-winning contract research organization (CRO) focused on bioanalytics and clinical trials, is celebrating its 30-year anniversary in 2025. Founded by Dr. Benjamin Chien in 1995 to provide high-quality bioanalytical liquid chromatography with tandem mass spectrometry (LC-MS/MS) contract services, QPS is now recognized as a global leader in contract research. Over the past 30 years, the company has grown from a single office in Delaware, USA to a widely respected, global, full-service CRO with 8 locations spread across the US, EU, Asia, India and Australia, a clinical trial network of over 700 sites and an increased focus on leveraging the power of AI to accelerate clinical trials. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250604778675/en/ Dr. Benjamin Chien founder and CEO of QPS Holdings, LLC. Over the years, QPS has grown from a small molecule bioanalysis shop of three people to a globa
Cessna SkyCourier Combi Configuration Achieves Certification From the National Civil Aviation Agency of Brazil4.6.2025 17:30:00 CEST | Press release
Cleiton Táxi Aéreotakes first delivery in South America for charter operations The Cessna SkyCourier Combi configuration kit recently achieved certification from the National Civil Aviation Agency of Brazil (ANAC) and joined the fleet of Brazilian charter company Cleiton Táxi Aéreo (CTA). This marks the first delivery of the SkyCourier into South America. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250604928791/en/ The Cessna SkyCourier Combi configuration kit recently achieved certification from the National Civil Aviation Agency of Brazil (ANAC) and joined the fleet of Brazilian charter company Cleiton Táxi Aéreo (CTA). This marks the first delivery of the SkyCourier into South America. (Photo credit: Textron Aviation) The Cessna SkyCourier is designed and manufactured by Textron Aviation Inc., a Textron Inc. (NYSE: TXT) company. CTA recently took delivery of a passenger variant of the twin-engine, large-utility turbopr
IFF Unveils Game-Changing Outlook on GLP-1 Consumers4.6.2025 17:00:00 CEST | Press release
New research reveals how food and beverage brands can lead innovation for millions facing sensory and nutritional challenges IFF (NYSE: IFF), a global leader in food, beverage, and health and wellness, has released a new report highlighting how the rapidly growing GLP-1 consumer market is reshaping the sensory experience and nutritional needs associated with eating and drinking. The report outlines how food and beverage manufacturers can better support this emerging consumer segment with products that align with their evolving preferences. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250604818126/en/ “IFF is empowering our customers to lead the next wave of food and beverage innovations beyond traditional formulations, including helping GLP-1 consumers have choices they desire,” said Erik Fyrwald, IFF CEO. “We aim to bring back the joy of eating and drinking by offering more healthy, great-tasting nutrition choices for all
Visa Cash App Racing Bulls (VCARB) Formula One™ Team Accelerates Racing Car Design with Neural Concept’s Engineering AI4.6.2025 16:04:00 CEST | Press release
Visa Cash App Racing Bulls Formula One™Team has deployed Neural Concept, the world’s leading AI platform for engineering design to accelerate the team’s car design and optimize aerodynamic performance through AI-powered, data-driven engineering workflows that enable faster design iteration and better-informed decisions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250603592297/en/ Visa Cash App Red Bull - Racing Bulls and Neural Concept AI F1 vehicle partnership Neural Concept’s proprietary Engineering AI platform complements traditional Computational Fluid Dynamics (CFD) with high-speed predictive simulations. Engineers can use digital twins to evaluate thousands of design variants across complex “multi-physics” environments that mimic real-world track conditions such as wind and temperature differences. This enables VCARB to explore more designs, unlocking new performance gains within every iteration. Laurent Mekies, Tea
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom