Verimatrix Raises Additional Series C Funding From SunAmerica Ventures

SAN DIEGO, CA--(Marketwire - September 8, 2008) - Verimatrix, setting the standard in content security technologies that enhance the value of pay-TV networks, today announced SunAmerica Ventures, part of the American International Group, Inc. (AIG), has joined the investor group in its recently announced Series C round of funding led by Goldman Sachs. The additional capital and expertise will accelerate the deployment of Verimatrix's 3-Dimensional Content Security solutions into the rapidly-evolving digital video market. New generations of solutions are being developed from Verimatrix's core Video Content Authority System ( VCAS™), the global number one IPTV content protection solution.

SunAmerica Ventures focuses primarily on software and services, semiconductors and components, and system companies of any stage. SunAmerica Ventures participated in this final funding round to benefit from Verimatrix's leadership position and growing product portfolio. The participation of SunAmerica Ventures in the Series C round brings another Fortune 50 company into the Verimatrix investor group.

"Verimatrix has demonstrated that they are innovative and commercially astute in their introduction of layered content security solutions," stated Troy Fukumoto, managing director of SunAmerica Ventures. "The team has established leadership in the IPTV content protection market, and we are confident of the impact they will have on the broader pay-TV marketplace."

"We are enthusiastic about SunAmerica Venture's participation with Verimatrix," commented Peter van Cuylenburg, general partner of Crescendo Ventures, who led the company's Series B investment round and also participated in this Series C funding. "Their insight into Verimatrix's market and resources they have committed speaks volumes about the expanding opportunities for Verimatrix's solutions."

Verimatrix announced its Series C investment led by Goldman Sachs, along with new investments from all Series B participants, on July 23rd. Its suite of VCAS solutions offers a layered content security system that enables transparent delivery of content to multiple screens across different networks.

Revolution Partners acted as financial advisor to Verimatrix for this funding round.

About Verimatrix

Verimatrix sets the standard for software-based content security and revenue enhancement technologies in pay-TV networks, with a global customer base of service providers. The Verimatrix Video Content Authority System (VCAS™ ) offers a suite of next-generation technologies that has been independently audited and ranked as the global leader in IPTV content protection. The company's 3-Dimensional Content Security approach, built around VCAS, enables secure delivery of content to multiple devices across multiple networks using multiple layers of protection techniques. Maintaining close relationships with major studios, broadcasters, industry organizations and partner ecosystem helps address the challenges facing pay-TV networks of today, and those of tomorrow. For more information, please visit www.verimatrix.com.