Verimatrix

About Verimatrix

Verimatrix is a cybersecurity firm specializing in the protection of digital content, applications, and devices. Publicly traded on the Euronext Paris exchange (VMX), the company provides security solutions for a range of industries, including media and entertainment, finance, and healthcare. Its B2B business model is focused on serving major content owners, streaming media providers, and broadcast operators. The company was initially founded in 1995 by Jacek Kowalski and Bruno Charrat as a content security specialist. Another co-founder, Bob Kulakowski, served as the early VP of Engineering and CTO, playing a significant role in fundraising and the development that led to its scalable security system. A pivotal moment in the company's history was its acquisition by the French digital security company Inside Secure in February 2019 for approximately $145 million. Following the merger, the combined entity adopted the Verimatrix name and Amedeo D'Angelo became the Chairman and CEO. As of August 2022, Asaf Ashkenazi serves as the CEO. Verimatrix's offerings are consolidated under its Secure Delivery Platform, a cloud-based ecosystem that combines various security services. The product suite includes solutions for anti-piracy, digital rights management (DRM), code protection, and threat detection. Key products include Streamkeeper, a platform that integrates multi-DRM, watermarking, and countermeasures to combat piracy for streaming media. The company also offers App Shield for protecting mobile applications against reverse engineering and VCAS (Video Content Authority System) for securing broadcast and IP-delivered video. In late 2025, the company agreed to sell its Extended Threat Defense (XTD) product line to Guardsquare to increase its focus on core anti-piracy solutions, which constitute the majority of its revenue. The company is shifting its business model from perpetual licenses to recurring revenue, with a strategic goal to have over 70% of its revenue from recurring sources by 2025. Keywords: content security, anti-piracy, application security, digital rights management, DRM, video security, cybersecurity, mobile security, streaming media, threat detection, watermarking, code protection, content protection, pay-TV security, SaaS security, cloud security, broadcast security, revenue protection, VCAS, Streamkeeper