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Raises additional $5M to underpin a rapid growth in customer engagements and support its penetration into hybrid, cable, and mobile applications
October 4, 2007
SAN DIEGO -- Verimatrix, setting the standard in content security technologies that enhance the value of pay-TV networks, announced today that it has raised an additional $5 million of capital to underpin a rapid growth in customer engagements and support the company’s penetration into hybrid, cable and mobile applications. The additional backing comes at the same time the company has again been tapped as the global market leader in content security. TelecomView’s recently released report affirms the company’s global number one position in Opportunities in TelcoTV: Forecast & Market Shares – 2006 to 2012.
“We are proud of our global number one position and continue to execute our strategy that is fully supported by our investors,” said Tom Munro, CEO of Verimatrix. “Our vision for protecting the “three screen” world of pay-TV will help enable new and exciting revenue streams for enhanced entertainment.”
“Verimatrix continues as a star performer in our portfolio, with a record volume of new orders booked in the previous quarter,” said Ted Alexander, managing partner of Mission Ventures. “Our investor group is very pleased with the company’s growth and market success. We are proud of the independent recognition of Verimatrix achievements.”
Verimatrix Inc.
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