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Wireless

Verimatrix completes sale of silicon IP business unit to Rambus

Monday 9 December 2019 | 10:22 CET | News
Verimatrix, formerly Inside Secure, has completed of the sale of its 'SIP' (Silicon IP and secure Protocols) business unit to silicon IP and chip provider Rambus, following the agreement announced on 11 September. Verimatrix said that it received USD 45 million at completion of the sale. Rambus has also agreed to pay an additional USD 20 million if the acquired business meets a number of revenue targets during 2020.

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Categories: Mobile & Wireless
Companies: Inside Secure / Verimatrix
Countries: World
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