Digital TV, IPTV and mobile content security provider Irdeto has fully acquired Cloakware, a privately held software company.
Irdeto believes that the acquisition of Cloakware furthers its agenda to deliver end-to-end security offerings and a broad portfolio of security solutions covering multiple markets and a wide range of devices.
The addition of Cloakware in the Irdeto group of companies, is said to add enterprise, government and consumer electronics solutions to the company’s product offerings as well.
“Content is going digital and becoming ubiquitous – on mobile devices, on PCs, throughout the home and office – which is driving the need for sophisticated and flexible security solutions,” said Paul Ciriello, managing general partner, Fairhaven Capital, and previous chairman of the Cloakware board of directors.
“Emerging business models are only as good as their security. Countless security failures have been reported in recent years, including those involving consumer electronics devices, broadcasting, the Internet, retail, banking and government. With Irdeto's acquisition of Cloakware, the combination of the two companies creates substantially stronger solutions for the protection of digital assets."
Irdeto and Cloakware, who have been partners since 2003, have worked together on solutions to prevent piracy and subscription fraud in digital video and IP networks
“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,” said Graham Kill, CEO of Irdeto.
Vienna, Virginia, USA and Ottawa, Ontario, Canada based Cloakware’s software solutions protect more than one billion applications and the assets of some of the worlds 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.
“Joining the Irdeto group of companies will enable us to better serve our existing customers and continue to expand the business,” said Cloakware interim president David Canellos.
“Using Irdeto’s extensive worldwide network of customers and partners, Cloakware will now have a footprint in Asia and other emerging markets.” |
