Verimatrix is adding TV Everywhere capability to its portfolio after the acquisition of Akamai Identity Services.
The security specialist says the purchase underscores the importance of a common authentication system within the distribution workflow.
“This acquisition fits perfectly with our roadmap to streamline content workflows via cloud-based technologies to connect global consumers with great content,” said Mike Kleiman, COO, Verimatrix. “We are able to extend the value of these global identity services under our solution umbrella and provide a more flexible, yet standards-based alternative that will improve the experience for consumers and open new markets for content providers and programmers.”
AIS enables content providers and video service operators to bring authenticated TV Everywhere services to market.
“As a long-standing partner, we know that Verimatrix will be able to enrich the AIS core technology and help content providers take TV Everywhere to the next level,” said Campbell Foster, Vice President of Media Industry and Product Marketing, Akamai. “This is a natural extension to Verimatrix’s value proposition of securing and enhancing revenue by supporting new ways to monetize content.”
The terms of the acquisition have not been disclosed.