Verimatrix Opens Singapore Headquarters to Strengthen Asian Regional Presence
Global Leader in IPTV Content Security Continues Asia-Pacific Expansion with New Hires
Singapore – Verimatrix, setting the standard in content security technologies that enhance the value of pay-TV networks, is expanding its presence in Asia-Pacific with the opening of its new regional headquarters in Singapore. The new office forms the hub of Verimatrix’s regional footprint, which is complemented with a series of additions to its Asia-Pacific sales and support team based throughout the region. Verimatrix addresses the content security needs of the growing IPTV operators in the region, and has extended its focus to the needs of broadcast and cable pay-TV providers as they undergo the conversion to digital format.
Bolstered by the completion of a Series C funding, Verimatrix has commissioned its new headquarters on Upper Thomson Road in Singapore complete with a demonstration centre. The central location in Singapore better enables Verimatrix to expand its broad customer base in the region. It also enables close cooperation with the newly-formed Centre for Content Protection, of which Verimatrix is a key sponsor and member of the Advisory Committee. Other opportunities for regional investment will be evaluated over the coming months.
The number of pay-TV subscribers in Asia-Pacific is expected to grow 17 percent to 300 million this year, according to a recent report issued by Cable and Satellite Broadcasting Association of Asia (CASBAA), which represents significant opportunity for Verimatrix.
Mr. Laurence Peak, VP of Sales for Asia-Pacific, will oversee regional operations from the new office. “Asia-Pacific offers tremendous opportunity in pay-TV especially as each country establishes content security standards and expectations. Our software-based solutions and partner ecosystem allow for ultimate operator flexibility in terms of platform component choice and security renewability,” said Mr. Peak. “Singapore enables us to be central to government regulatory bodies, standards organizations and of course our customers.”
To help solidify and strengthen Verimatrix’s position in key markets, the company has also added new staff based in Singapore, Beijing and Mumbai.
Verimatrix sets the standard for software-based content security and revenue enhancement technologies in pay-TV networks, with a global customer base of service providers. The Verimatrix Video Content Authority System (VCAS™) offers a suite of next-generation technologies that has been independently audited and ranked as the global leader in IPTV content protection. The company’s 3 Dimensional Content Security approach, built around VCAS, enables secure delivery of content to multiple devices across multiple networks using multiple layers of protection techniques. Maintaining close relationships with major studios, broadcasters, industry organizations and partner ecosystem helps address the challenges facing pay-TV networks of today, and those of tomorrow. For more information, please visit www.verimatrix.com.
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