One Equity backed Inside Secure acquired Verimatrix for $152m

Publicly traded Inside Secure SA is acquiring fellow digital-security company Verimatrix Inc. in a roughly $152m deal backed by private-equity firm One Equity Partners. Inside Secure, of Aix-en-Provence, France, in a news release said the combined business would have generated $119m of pro forma adjusted revenue and $21.5m of earnings before interest, taxes, depreciation and amortisation in 2017. The deal is funded through $54m from European private-debt manager Apera Capital and €52m ($59m) of equity. Tom Munro, Verimatrix CEO: "This transaction allows a great combination of technologies and expertise, bringing two well-respected market players together. It's exciting to create a company with such a clear focus, a global presence, and a depth of expertise in the applications of security and analytics across critical market segments."