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Verimatrix sells SIP operations to Rambus for USD 65 mln

Wednesday 4 September 2019 | 10:13 CET | News
Verimatrix, formerly Inside Secure, has agreed to sell its Silicon IP and Secure Protocols (SIP) business unit to silicon IP and chip provider Rambus for USD 65 million in cash. Verimatrix said the disposal will allow it to focus as a pure player in software-based security and business intelligence services. These operations generated USD 100 million worth of revenues, pro-forma, in the year to end June. The SIP operations, mainly a hardware related business operated by a team of about 72 people in Europe, the US and Asia, generated around USD 22 million worth of revenues over the 12 months.

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