Verimatrix Opens Singapore Headquarters to Strengthen Asian Regional Presence
Global Leader in IPTV Content Security Continues Asia-Pacific Expansion With New Hires
SINGAPORE -- (Marketwire) -- 12/01/08 -- Verimatrix, setting the standard in contentsecurity technologies that enhance the value of pay-TV networks, isexpanding its presence in Asia-Pacific with the opening of its new regionalheadquarters in Singapore. The new office forms the hub of Verimatrix'sregional footprint, which is complemented with a series of additions to itsAsia-Pacific sales and support team based throughout the region. Verimatrixaddresses the content security needs of the growing IPTV operators in theregion, and has extended its focus to the needs of broadcast and cablepay-TV providers as they undergo the conversion to digital format.
The number of pay-TV subscribers in Asia-Pacific is expected to grow 17percent to 300 million this year, according to a recent report issued byCable and Satellite Broadcasting Association of Asia (CASBAA), whichrepresents significant opportunity for Verimatrix.
Mr. Laurence Peak, VP of Sales for Asia-Pacific, will oversee regionaloperations from the new office. "Asia-Pacific offers tremendous opportunityin pay-TV especially as each country establishes content security standardsand expectations. Our software-based solutions and partner ecosystem allowfor ultimate operator flexibility in terms of platform component choice andsecurity renewability," said Mr. Peak. "Singapore enables us to be centralto government regulatory bodies, standards organizations and of course ourcustomers."
To help solidify and strengthen Verimatrix's position in key markets, thecompany has also added new staff based in Singapore, Beijing and Mumbai.
About Verimatrix
Verimatrix sets the standard for software-based content security andrevenue enhancement technologies in pay-TV networks, with a global customerbase of service providers. The Verimatrix Video Content Authority System(VCAS(TM)) offers a suite of next-generation technologies that has beenindependently audited and ranked as the global leader in IPTV contentprotection. The company's 3 Dimensional Content Security approach, builtaround VCAS, enables secure delivery of content to multiple devices acrossmultiple networks using multiple layers of protection techniques.Maintaining close relationships with major studios, broadcasters, industryorganizations and partner ecosystem helps address the challenges facingpay-TV networks of today, and those of tomorrow. For more information,please visit www.verimatrix.com.
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