San Diego - Verimatrix, a developer of anti-piracy technology for pay-TV networks, announced on Wednesday that it has closed its third and largest-to-date round of financing, led by Goldman Sachs.

Previous investors Crescendo Investments, Cipio Partners and Mission Ventures also participated; the company raised $23 million across its two previous funding rounds.

Founded in 1999, San Diego-based Verimatrix said that to date its technology has been deployed by over 150 IPTV providers in 32 countries.

"With the completion of this Series C investment, our business plan is fully funded, and we are able to quickly scale our operations," said Verimatrix CEO Tom Munro added.

"As the majority of our business comes through our industry leading channel partners, OEMs and integrators, we will make ongoing investments in interoperability, testing, and monitoring platforms to support their rapid growth and increasingly complex system architectures."

Related Links:
http://www.marketwire.com/press-release/Verimatrix-881852.html

http://www.verimatrix.com