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Inside Secure agrees takeover of Verimatrix for USD 143 mln

2018-12-05 18:04:00| Telecompaper Headlines

(Telecompaper) Inside Secure announced an agreement to acquire Verimatrix, more than doubling its size and expanding its security portfolio beyond wireless and connected devices to the entertainment market. The company will pay a net USD 143 million cash, plus an earn-out of USD 9 million in Q2 2019. Inside Secure will use its own cash plus private debt of USD 54 million provided by Apera Capital and an equity issue worth EUR 52 million to finance the deal. 

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