Something strange is going on inside Verimatrix which Faultline has been trying to put its finger on ever since the US digital security vendor went public as a result of merging with smaller rival Inside Secure earlier this year. While the headline figure from its Q3 results is an almighty 496% annual revenue increase, the quarter on quarter picture is alarming and excuses about post-merger synergies just aren’t cutting the mustard anymore. Verimatrix made just shy of $23 million in revenue during the third quarter, rising so sharply from a little over $3.8 million a year ago due to Inside Secure absorbing the larger slice of Verimatrix revenue. Drilling down to a quarterly basis, however, provides a clearer picture, showing…