SOURCE: Verimatrix

Verimatrix

December 16, 2013 12:00 ET

Verimatrix Relocates and Expands San Diego Headquarters to Support Significant Growth While Promoting Innovation and Collaboration

New, Purpose-Built Office and Engineering Facilities Enable Further Productivity and Efficiency in Delivery and Support of Revenue Security Solutions

SAN DIEGO, CA--(Marketwired - Dec 16, 2013) - Verimatrix, the specialist in securing and enhancing revenue for multi-network, multi-screen digital TV services around the globe, today announced that the company has moved to a new headquarters facility at 6059 Cornerstone Court West, in Sorrento Valley, the heart of San Diego's technology district. The move underscores the company's rapid growth over the past few years and its continued focus building a world of secure multi-network solutions for pay-TV services.

Offering more than 37,000 square feet of executive, sales, marketing, engineering and support space, the new facility re-unites the company's core teams, which were previously dispersed across a small campus of offices. The new building has been purpose built to support the Verimatrix mission, with an emphasis on high productivity collaborative work areas that mix team and private working environments. A novel solution team "pod" layout enhances collaboration locally, while also promoting interaction with team members, partners and customers worldwide through borderless access to conferencing tools. Built around a central open-air atrium, the new offices also feature an abundance of natural light to create comfortable working spaces and emphasize energy efficiency.

As the market for flexible multi-network video services has grown around the world, the Verimatrix core business has increasingly taken market share from its legacy competitors. The core Video Content Authority System (VCAS™) solutions address security requirements for all types of pay-TV and over-the-top (OTT) operators with a unique harmonized approach to rights management. The new headquarters has been designed to fuel the next phase of company growth with improved network and video infrastructure to underpin both engineering and support capabilities. The offices also reflect the company's commitment to address the broader requirements of the market, boasting a new in-house training facility for partners and customers, which is easily expandable to create an informal meeting and entertainment areas for local networking and social events.

"Our greatest asset is undoubtedly our extremely diverse and talented Verimatrix employee base," said Tom Munro, CEO, Verimatrix. "The innovative design approach and dramatically improved core technology featured in our new Cornerstone headquarters will help nurture this talent by fostering productivity, collaboration and efficiency, serving as the foundation for continued growth in 2014 and beyond."

The move serves as a fitting conclusion for a year full of significant accomplishments. In 2013, the company reached the 40 million screens protected benchmark -- a rate of deployment that has more than doubled the number of user screens from just two short years ago -- in more than 670 system installations across 110+ countries. In addition, Verimatrix also maintained its position for the sixth straight year as the number one globally in IPTV content protection and DRM as documented by market research firm Multimedia Research Group, Inc. (MRG) [now part of SNL Kagan]. The Verimatrix University technical training program at mid-year celebrated more than 1,000 online registrations since its launch, and VCAS™ for DASH -- the world's first commercial-grade MPEG-DASH secure delivery solution -- was selected as the best content security product of the year at the ConnectedWorld.TV Awards ceremony during IBC 2013 in Amsterdam. At IBC 2013, the company also launched a new promotional campaign look and feel with a series of new ads and booth graphics featuring the headline "Building a World of Secure Multi-Network Solutions."

About Verimatrix
Verimatrix specializes in securing and enhancing revenue for multi-network, multi-screen digital TV services around the globe. The award-winning and independently audited Verimatrix Video Content Authority System (VCAS™) and ViewRight® solutions enable cable, satellite, terrestrial, IPTV and OTT operators to cost-effectively extend their networks and enable new business models. As the established leader in cardless security solutions, the company has leveraged its innovative 3-Dimensional Security approach to provide harmonized rights for premium content delivery to a range of devices over new hybrid network combinations.

Maintaining close relationships with major studios, broadcasters, standards organizations and its unmatched partner ecosystem enables Verimatrix to provide a unique perspective on video business issues beyond content security as operators introduce new services to take advantage of the proliferation of connected devices. Verimatrix is an ISO 9001:2008 certified company. For more information, please visit www.verimatrix.com, our Pay TV Views blog and follow us at @verimatrixinc, Facebook and LinkedIn to join the conversation.