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Verimatrix expands San
Diego headquarters to underpin major growth
Other Topics:
Digital Video Decoder,
IPTV Interactive Customer Care
Solution,
Telco TV User Experience
Verimatrix
December 4, 2006
Global number one content security provider more than doubles HQ
space
Verimatrix, setting the standard in content security technologies
that enhance the value of pay-TV networks, today announced that the
company has relocated its headquarters offices to a new dedicated
facility at 6825 Flanders Drive in the high-tech heart of San Diego.
The greatly increased space in the new facility more comfortably and
efficiently supports current company operations and provides for the
anticipated growth of the business, including substantially expanded
engineering and interoperability lab space necessary for systems
integration and quality assurance. |
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The company signed a
multi-year deal to occupy the entire 16,545 square foot location
which will house the company's research and development team,
customer support, sales, marketing and executive management team.
Verimatrix has grown substantially over the last year and
anticipates that it will increase its headquarters workforce by 50
percent in 2007. Recently the company also expanded its Asia Pacific
operations with the opening of the Hong Kong office. Verimatrix
currently has offices in Boston, Atlanta, London, Amsterdam, Vienna,
Singapore and Tokyo.
"The significant growth of Verimatrix is further validation of our
success in delivering the highest standard of content security and
revenue generation technologies for digital video networks," said
Tom Munro, CEO of Verimatrix. "The company is dependent on the high
caliber of our employees and we want to continue providing them the
best possible work environment. The upgrade to our HQ environment is
a major milestone for Verimatrix as we plan for the future."
Over the past year, Verimatrix has reached several significant
milestones in its history. In 2006, the company surpassed its 1
millionth set-top box license protected by its flagship Video
Content Authority System (VCAS(tm)); it was ranked number one global
leader for content protection from research firm MRG; VideoMark(tm)
was deployed with two major customers, which is the only forensic
watermarking solution deployed in the marketplace; VCAS 2.0 was
launched with advanced security and revenue generation features; it
received a significant Series B round of funding from Crescendo
Ventures, Mission Ventures and Siemens Venture Capital GmbH; and the
company won the AeA High Tech award for the Outstanding Emerging
Growth in San Diego.
About Verimatrix
Verimatrix sets the standard for software-based content security and
revenue enhancement technologies in pay-TV networks, with a global
customer base of telecommunications providers. The Verimatrix Video
Content Authority System(tm) (VCAS) offers a suite of
next-generation technologies that protect content and enhance
revenue streams, while combating digital piracy wherever it occurs
within the distribution chain. The company's content security
experts maintain close relationships with the major Hollywood
studios to help address the challenges facing pay-TV networks of
today, and those of tomorrow. Verimatrix's customers benefit with
most favorable access to premium content, enabling the richest, most
versatile viewing experience for their digital video subscribers.
For more information on why VCAS is the most widely deployed IPTV
content security system with tier one operators, please visit
www.verimatrix.com
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