Rambus to Acquire Silicon IP and Secure Protocols Business from Verimatrix, Creating Global Authority in Semiconductor Security IP

[AmandaK]

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

SUNNYVALE, Calif. – September 3, 2019 – 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.