PVT Controller (Series 5) (Sub-system for complete PVT monitoring), TSMC N4P. N5 , N6
Verimatrix signs a binding agreement to sell its Silicon IP business unit to Rambus
Transaction expected to close in the fourth quarter of 2019
Aix-en-Provence, France and San Diego, USA, September 11, 2019 – Verimatrix (Euronext Paris: VMX), formerly known as Inside Secure, a global provider of security and analytics solutions that protect devices, services and applications, today announced that it has executed the asset purchase agreement related to the sale of its Silicon IP and Secure Protocols(“SIP”) business unit to Rambus Inc. (NASDAQ: RMBS), for a transaction consideration of $65 million in cash.
As announced on September 4, the transaction aims at increasing Verimatrix focus as a pure player in software-based security and business intelligence solutions with revenue in excess of $100 million [1]. It also increases its financial flexibility thanks to a strong balance-sheet to seize external growth opportunities and keep on building a major player in software-based security
The transaction is expected to close in the fourth quarter of 2019 subject to customary closing conditions.
About Verimatrix
Verimatrix (Euronext Paris - VMX) is a global provider of security and analytics solutions that protect devices, services and applications across multiple markets. Many of the world’s largest service providers and leading innovators trust Verimatrix to protect systems that people depend on every day for mobile apps, entertainment, banking, healthcare, communications and transportation. Verimatrix offers easy-to-use software solutions, cloud services and silicon IP that provide unparalleled security and business intelligence. Proud to empower and protect its customers for more than two decades, Verimatrix serves IoT software developers, device makers, semiconductor manufacturers, service providers and content distributors. For more information, visit www.verimatrix.com.
[1] Pro forma adjusted revenue for the last twelve-month ended June 30, 2019, see definition hereinafter.
|
Related News
- Verimatrix Enters into Exclusivity Agreement to Sell its Silicon IP Business Unit to Rambus
- Rambus Signs Agreement to Acquire Silicon IP and Secure Protocols Business from Verimatrix
- Verimatrix Completes Sale of its Silicon IP Business Unit to Rambus
- INSIDE Secure signs a binding agreement to sell its semiconductor business to Swiss cybersecurity expert WISeKey
- Rambus Completes Acquisition of the Verimatrix Silicon IP, Secure Protocols and Provisioning Business
Breaking News
- JEDEC Publishes LPDDR5 CAMM2 Connector Performance Standard
- Alphawave Semi Selected for AI Innovation Research Grant from UK Government's Advanced Research + Invention Agency
- Weebit Nano continuing to make progress with potential customers and qualifying its technology Moving closer to finalisation of licensing agreements Q1 FY25 Quarterly Activities Report
- PiMCHIP Deploys Ceva Sensor Hub DSP in New Edge AI SoC
- Secure-IC obtains the first worldwide CAVP Certification of Post-Quantum Cryptography algorithms, tested by SERMA Safety & Security
Most Popular
- DENSO and U.S. Startup Quadric Sign Development License Agreement for AI Semiconductor (NPU)
- Xiphera and Crypto Quantique Announce Partnership for Quantum-Resilient Hardware Trust Engines
- Arm's power play will backfire
- Alchip Announces Successful 2nm Test Chip Tapeout
- Faraday Unveils HiSpeedKit™-HS Platform for High-speed Interface IP Verification in SoCs
E-mail This Article | Printer-Friendly Page |