US-based IPTV DRM specialist Verimatrix has acquired German conditional access group Comvenient for an undisclosed sum.
The two companies have already been long-term partners in the development of digital video broadcast solutions, but Verimatrix…
US-based IPTV DRM specialist Verimatrix has acquired German conditional access group Comvenient for an undisclosed sum.
The two companies have already been long-term partners in the development of digital video broadcast solutions, but Verimatrix expects the acquisition, its first, will greatly expand its ability to penetrate this market across the world.
A Verimatrix spokeswoman declined to disclose any terms of the deal, but insisted neither company hired financial advisors, although legal advisers were involved.
Announcing the deal on 31 March, Comvenient CEO Hubert Kukla, who has been appointed EVP of strategic initiatives for Verimatrix, said the acquisition will build on a strategic blend of complementary technologies and expertise.
“The integration of our DVB solution within the Video Content Authority System (VCAS) product range has proven to be a natural fit for operators with a large scale mix of hybrid and broadcast networks,” said Kukla.
“Now we can take a broader range of product options to market that address B2B and B2C requirements with a powerful, highly secure, yet cost-effective broadcast CA system.”
According to Tom Munro, who remains CEO of Verimatrix, the extra resources will help accelerate its growth as a multi-network security vendor.
In a personal blog post commenting on the move, Munro said: “With this acquisition, not only do we maintain our focus as digital TV security specialists, but we can now offer a full security migration plan for DVB operators that want to move to a hybrid network – all under a single security architecture.”
The same blog post lists Verimatrix’s investors: Goldman Sachs, Mission Ventures, Crescendo Ventures, Cipio Partners, JK&B Capital and SunAmerica Ventures.
Verimatrix and Comvenient were unable to comment further.