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Thursday, Sep 29, 2022
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Digital TV Software Firm Acquires Partner

Verimatrix Inc., a San Diego firm that makes security software for the pay television industry, said March 31 it acquired Comvenient GmbH, a German firm that previously was its partner. Terms of the transaction were not disclosed.

Comvenient makes digitial video broadcasting conditional access software.

Following the transaction, Verimatrix will have about 100 employees, including 22 from Comvenient.

Verimatrix said the acquisition gives the company a stronghold in the more traditional cable and satellite television markets. The deal gives the company some 540 customers. Verimatrix declined to reveal revenue numbers.

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Founded in 1999, Verimatrix received more than $40 million in venture capital financing including investment from San Diego-based Mission Ventures.

— Mike Allen

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