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Verimatrix reinforces Inside Secure results despite shaky start

Last week we reported exclusively to readers that the Inside Secure name is set to be buried for that of the stronger US Verimatrix brand (pending shareholder vote), and now the Dutch security software developer has published its Q1 2019 results – raining praise on the newly acquired DRM specialist and outlining the formation of two new organizational divisions to tackle various markets. Total first quarter revenue ramped up 102% to $20.4 million, of which Verimatrix contributed one month’s worth of revenue to the tune of $7.2 million, from a quarter which is historically slow for Verimatrix. The peculiar thing about the deal is that Inside Secure has acquired a larger company in Verimatrix and the first set of finances…

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