Irdeto announced today that it has acquired 100 percent of Cloakware, a privately held software company based in Vienna, Virginia, USA and Ottawa, Ontario, Canada.
“Through a partnership our two companies initially formed in 2003, we have personal experience with the high quality of Cloakware’s products and people,” stated Graham Kill, CEO of Irdeto in a prepared statement. “This acquisition strengthens our existing content security offering, broadens Irdeto’s reach across the entire content lifecycle and vertically expands our offering into new markets.”
Cloakware’s software solutions protect more than one billion applications and the assets of some of the world’s largest, most recognizable and technologically advanced companies. Customers include Texas Instruments, Pioneer Electronics, NXP (founded by Philips), State Street, and Vodafone, representing enterprise, government, content distributors and manufacturers of consumer electronics, mobile devices, PCs and software.
Irdeto and Cloakware’s long-standing partnership includes solutions to prevent piracy and subscription fraud in digital video and IP networks. Cloakware’s previous shareholders included significant venture capital funds and industry experts Fairhaven Capital, Globespan Capital Partners, and Intel Capital.