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Verimatrix sheds more fat with SIP sale – was the merger worth it?

It has quickly become apparent that what we initially saw as a stimulating merger of two of the last remaining DRM pioneers on the market when Verimatrix was acquired by Inside Secure in late 2018, has since soured into a crash diet driven by greedy investors. Where has the innovation gone? The remaining company, now operating solely under the Verimatrix brand, is barely recognizable – this week selling its Silicon IP and Secure Protocols (SIP) business to Rambus for $65 million. SIP is made up primarily of hardware-related business relating to security toolkits for semiconductor makers, generating around $22 million in annual revenue. But in truth, the writing was on the wall in Verimatrix’s second quarter results filing, as solid…

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