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General

Verimatrix posts 19% revenue increase in Q4, expects high-single digit growth in 2020

Thursday 5 March 2020 | 11:11 CET | News
Verimatrix (formerly Inside Secure) reported fourth-quarter revenues of USD 32.7 million, up 19 percent year-over-year on a pro-forma adjusted basis (-1% in Q3). The company had guided for a significant improvement in the revenue trend, following a seasonally weak third quarter. As expected, the recovery was mainly driven by the Verimatrix-branded business, which saw fourth-quarter revenues rise 20 percent to USD 28.0 million, helped by a license deal with a major ISP in Asia. On the former Inside Secure perimeter, the company generated USD 4.7 million (+12%).

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Categories: General
Companies: Inside Secure / Verimatrix
Countries: World
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