Verimatrix Opens Singapore Headquarters to Strengthen Asian Regional Presence
Global Leader in IPTV Content Security Continues Asia-Pacific Expansion With New Hires
| Source: Verimatrix
SINGAPORE--(Marketwire - December 1, 2008) - Verimatrix, setting the standard in content
security technologies that enhance the value of pay-TV networks, is
expanding its presence in Asia-Pacific with the opening of its new regional
headquarters in Singapore. The new office forms the hub of Verimatrix's
regional footprint, which is complemented with a series of additions to its
Asia-Pacific sales and support team based throughout the region. Verimatrix
addresses the content security needs of the growing IPTV operators in the
region, and has extended its focus to the needs of broadcast and cable
pay-TV providers as they undergo the conversion to digital format.
Bolstered by the completion of a Series C funding, Verimatrix has
commissioned its new headquarters on Upper Thomson Road in Singapore
complete with a demonstration centre. The central location in Singapore
better enables Verimatrix to expand its broad customer base in the region.
It also enables close cooperation with the newly-formed Centre for Content
Protection, of which Verimatrix is a key sponsor and member of the Advisory
Committee. Other opportunities for regional investment will be evaluated
over the coming months.
The number of pay-TV subscribers in Asia-Pacific is expected to grow 17
percent to 300 million this year, according to a recent report issued by
Cable and Satellite Broadcasting Association of Asia (CASBAA), which
represents significant opportunity for Verimatrix.
Mr. Laurence Peak, VP of Sales for Asia-Pacific, will oversee regional
operations from the new office. "Asia-Pacific offers tremendous opportunity
in pay-TV especially as each country establishes content security standards
and expectations. Our software-based solutions and partner ecosystem allow
for ultimate operator flexibility in terms of platform component choice and
security renewability," said Mr. Peak. "Singapore enables us to be central
to government regulatory bodies, standards organizations and of course our
customers."
To help solidify and strengthen Verimatrix's position in key markets, the
company has also added new staff based in Singapore, Beijing and Mumbai.
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.