• • Gecombineerd bedrijf creëert drijvende kracht om de connected toekomst in een breed scala van industrieën veilig te stellen en mogelijk te maken

• • Complementair groot wereldwijd klantenbestand in de entertainment, mobiele en ivd-industrieën

• • Gevestigd leiderschapsteam dat de sterke punten en capaciteiten van beide bedrijven weerspiegelt

AIX-EN-PROVENCE, Frankrijk & SAN DIEGO-(BUSINESS WIRE)-regelgevend nieuws:

Dit persbericht bevat multimedia. Bekijk hier het volledige persbericht: https://www.businesswire.com/news/home/20190228006059/en/

Inside Secure (Euronext Paris:INSD), het hart van de beveiligingsoplossingen voor mobiele en aangesloten apparaten, kondigde vandaag de succesvolle afronding van de overname van Verimatrix aan.

De combinatie versnelt de strategische roadmap van het bedrijf en biedt een betere waardepropositie voor haar klanten met een groter bereik om de verbonden diensten op een veilige manier te transformeren in een breed scala van markten. Deze combinatie creëert een uniek aanbod in de entertainmentbeveiligingsmarkt, een versterkte positie in software- en hardwarebeveiliging voor de mobiele, internet of things (IoT) en aangesloten automarkten, en nieuwe groeimogelijkheden in big data en business analytics toepassingen. Het gecombineerde bedrijf maakt succes mogelijk door vertrouwde zakelijke inzichten en eenvoudig te gebruiken beveiligingsoplossingen.

Inside Secure Announces the Closing of the Acquisition of Verimatrix Creating a Software-based Security and Analytics Powerhouse

• • Combined company creates driving force to secure and enable the connected future across a broad range of industries

• • Complementary large global customer base across entertainment, mobile and IoT industries

• • Established leadership team reflecting the strengths and capabilities of both companies

AIX-EN-PROVENCE, France & SAN DIEGO–(BUSINESS WIRE)– 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

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/

Contacts

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