Rambus to Acquire Silicon IP & Secure Protocols Bus. From Verimatrix, Creating Global Authority in Semiconductor Security IP
September 03 2019 - 6:30PM
Business Wire
Highlights:
- Combined products and expertise to create industry’s most
comprehensive portfolio of silicon-proven security IP and chip
provisioning solutions
- Augments mission-critical, hardware-based security solutions
for data center, artificial intelligence (AI), networking, IoT and
automotive applications
- Expands global reach to provide security solutions
worldwide
Rambus Inc. (NASDAQ: RMBS), a premier silicon IP and chip
provider making data faster and safer, today announced it has
entered into an exclusivity agreement to acquire the Silicon IP,
Secure Protocols and Provisioning business from Verimatrix,
formerly Inside Secure, a global provider of security and analytics
solutions that protect devices, services and applications. The
parties intend to enter into an asset purchase agreement with
respect to the proposed transaction upon completion of certain
pre-conditions. With this acquisition, the world-class embedded
security teams from Verimatrix and Rambus will bring together their
25-year histories of developing leading-edge security IP.
Hardware-based security has become mission critical for protecting
the SoCs and devices in demanding applications such as AI,
Networking, IoT and Automotive. The integrated portfolio of
products, which will combine the secure silicon IP and provisioning
solutions from both companies, will create the most comprehensive
silicon-proven security IP offering in the industry.
“The embedded security team at Verimatrix has a well-recognized
and long-standing history of providing security at the heart of
SoCs,” said Luc Seraphin, president and CEO of Rambus. “Their
combination of products and expertise is highly complementary to
our existing business and will expand our global reach for our
worldwide security customer base.”
“The Silicon IP, Secure Protocols and Provisioning business from
Verimatrix is at the forefront of securing connected
semiconductors,” said Amedeo D’Angelo, chairman and CEO of
Verimatrix. “Integrating the Verimatrix embedded security team into
Rambus, a recognized leader in hardware-based security, will
deliver the most comprehensive portfolio of security solutions in
the industry.”
With the growing threat environment, it is imperative to protect
complex electronic systems at their foundation with hardware-based
security IP solutions, including crypto cores, hardware root of
trust, and high-speed protocol engines. This acquisition will
enable Rambus to provide solutions to address our customer’s
security challenges with the most resilient and deployable embedded
security on the market.
The transaction is expected to close this year and will be
subject to customary signing and closing conditions.
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Company website: rambus.com Rambus blog: rambus.com/blog
Twitter: @rambusinc LinkedIn: www.linkedin.com/company/rambus
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About Rambus Inc.
Dedicated to making data faster and safer, Rambus creates
innovative hardware, software and services that drive technology
advancements from the data center to the mobile edge. Our
architecture licenses, IP cores, chips, software, and services span
memory and interfaces, security, and emerging technologies to
positively impact the modern world. We collaborate with the
industry, partnering with leading chip and system designers,
foundries, and service providers. Integrated into tens of billions
of devices and systems, our products and technologies power and
secure diverse applications, including Big Data, Internet of Things
(IoT) security, mobile payments, and smart ticketing. For more
information, visit rambus.com.
Source: Rambus Inc.
Forward-looking statements
Information set forth in this press release, including
statements as to Rambus’ outlook and statements as to the expected
timing, completion and effects of the proposed acquisition of
certain assets of Verimatrix, constitute forward-looking statements
within the meaning of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995.
These statements are based on various assumptions and the
current expectations of the management of Rambus and may not be
accurate because of risks and uncertainties surrounding these
assumptions and expectations. Factors listed below, as well as
other factors, may cause actual results to differ significantly
from these forward-looking statements. There is no guarantee that
any of the events anticipated by these forward-looking statements
will occur, or what effect they will have on the operations or
financial condition of Rambus or Verimatrix. Forward-looking
statements included herein are made as of the date hereof, and
Rambus undertakes no obligation to publicly update or revise any
forward-looking statement unless required to do so by federal
securities laws.
Major risks, uncertainties and assumptions include, but are not
limited to: the expected benefits and costs of the transaction;
management plans relating to the transaction; the expected timing
and completion of the transaction; statements of the plans,
strategies and objectives of Rambus for future operations; any
statements regarding anticipated operational and financial results;
any statements of expectation or belief; the risk that disruptions
from the transaction will harm Rambus’ business; other factors
described under "Risk Factors" in Rambus’ Annual Report on Form
10-K and Quarterly Reports on Form 10-Q; and any statements of
assumptions underlying any of the foregoing. It is not possible to
predict or identify all such factors. Consequently, while the list
of factors presented here is considered representative, no such
list should be considered to be a complete statement of all
potential risks and uncertainties.
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version on businesswire.com: https://www.businesswire.com/news/home/20190903005941/en/
Cori Pasinetti Rambus Corporate Communications t: (408) 462-8306
cpasinetti@rambus.com
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