Digital security software specialist Verimatrix has launched its first product since being acquired by rival Inside Secure (though the merged entity has adopted the Verimatrix brand). Called ProtectMyApp, the service arms developers directly with mobile application security – protecting against reverse engineering and tampering activities, which the vendor warns can lead to hefty financial losses and data theft. In what Verimatrix claims is a first-of-its-kind cloud service, all it takes is a simple upload of compiled applications to the ProtectMyApp website and within minutes a protected application is returned. It encompasses a number of security techniques, automatically setting protection points and using intelligent optimization to harmonize the field between security and performance, increasing self-protection of the device at system security…