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Enterprise Featured Article
October 05, 2007
Verimatrix Raises Security, Money
By Tim Gray TMCnet Web Editor
Software-based content security technology provider Verimatrix (News - Alert) continued to scoop up cash this week, raising an additional $5 million of funding capital to help support recent growth which including the sales of set-top box (STB) licenses.
The New York-based company also additionally announced it has been named as the global market leader in content security in a report by TelecomView called ‘Opportunities in TelcoTV: Forecast & Market Shares – 2006 to 2012’.
“Our vision for protecting the “three screen” world of pay-TV will help enable new and exciting revenue streams for enhanced entertainment,” said Tom Munro, CEO of Verimatrix. “We are proud of our global number one position and continue to execute our strategy that is fully supported by our investors,”
The announcement comes just before the company plans to get a push from participating in TelcoTV2007 later this month.
According to the TelecomView report, Verimatrix is expected to maintain a leadership position for the entire forecast period up to 2012.
“Our analysis clearly shows that Verimatrix is the leader in this market based on its strong position with large IPTV
service providers in Europe and Asia,” Bob Larribeau, principal analyst at TelecomView, said. “Furthermore, we project that Verimatrix will be number one in the IPTV (News - Alert) content security market over the entire forecast period.”|
The company first launched its Video Content Authority System (VCAS) for IPTV in 2003 and has also recently introduced its VCAS for Cable IPTV solution. Verimatrix presently secures over 80 global pay-TV deployments, including eight tier one telcos.
The New York-based company also additionally announced it has been named as the global market leader in content security in a report by TelecomView called ‘Opportunities in TelcoTV: Forecast & Market Shares – 2006 to 2012’.
“Our vision for protecting the “three screen” world of pay-TV will help enable new and exciting revenue streams for enhanced entertainment,” said Tom Munro, CEO of Verimatrix. “We are proud of our global number one position and continue to execute our strategy that is fully supported by our investors,”
The announcement comes just before the company plans to get a push from participating in TelcoTV2007 later this month.
According to the TelecomView report, Verimatrix is expected to maintain a leadership position for the entire forecast period up to 2012.
“Our analysis clearly shows that Verimatrix is the leader in this market based on its strong position with large IPTV
service providers in Europe and Asia,” Bob Larribeau, principal analyst at TelecomView, said. “Furthermore, we project that Verimatrix will be number one in the IPTV (News - Alert) content security market over the entire forecast period.”|The company first launched its Video Content Authority System (VCAS) for IPTV in 2003 and has also recently introduced its VCAS for Cable IPTV solution. Verimatrix presently secures over 80 global pay-TV deployments, including eight tier one telcos.
