Verimatrix Completes Series C Round With Investment From JK&B Capital
Additional Strategic and Institutional Resources Solidifies Growth Plans
| Source: Verimatrix
SAN DIEGO, CA--(Marketwire - September 25, 2008) - Verimatrix, setting the standard in
content security technologies that enhance the value of pay-TV networks,
today announced JK&B Capital has joined with Goldman Sachs and SunAmerica
Ventures in its Series C round of funding. The additional resources add to
the business expansion and accelerated deployment of Verimatrix's 3-Dimensional Content Security
solutions into the rapidly evolving hybrid, cable and satellite markets
around the world.
JK&B Capital is a venture capital firm focused on the software, IT and
communications markets with more than $1.1 billion of capital under
management. A key to JK&B's success has been its ability to leverage its
substantial technology domain expertise to identify, analyze and access the
most promising emerging technologies and the companies behind them. JK&B
then provides these companies with financial support, strategic guidance
and most importantly technical guidance to help them grow and prosper.
"Verimatrix has demonstrated a novel and commercially successful
contribution to the global business of pay-TV," stated Ali Shadman, partner
at JK&B Capital. "The company is well positioned to take full advantage of
the trends towards hybrid networks and software-based security systems in
the coming years."
Ted Alexander, partner at Mission Ventures, commented further, "We are
extremely pleased with the performance of the Verimatrix team. Mission has
participated in every one of the company's venture funding rounds and the
company's performance has resulted in an increased valuation in each round.
The fact that this round was oversubscribed, despite turbulent financial
markets, is further validation that the pay-TV market is in transition and
ready to adopt new, disruptive technologies."
Verimatrix had already announced participation of Goldman Sachs and SunAmerica Ventures in its Series C investment round.
Verimatrix's suite of VCAS
solutions offers a layered content security system that enables transparent
delivery of content to multiple screens across different networks.
Revolution Partners acted as financial advisor to Verimatrix in its funding
round.
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 service providers. The
Verimatrix Video Content Authority System (VCAS)
offers a suite of next-generation technologies that has been independently
audited and ranked as the global leader in IPTV content protection. The company's 3-Dimensional Content Security
approach, built around VCAS, enables secure delivery of content to multiple
devices across multiple networks using multiple layers of protection
techniques. Maintaining close relationships with major studios,
broadcasters, industry organizations and partner ecosystem
helps address the challenges facing pay-TV networks of today, and those of
tomorrow. For more information, please visit www.verimatrix.com.