Rambus completed acquisition of Silicon IP and Secure Protocols business from Verimatrix for $65m.

Rambus, a silicon IP and chip provider, completed acquisition of Silicon IP and Secure Protocols business of Verimatrix, a content security company, for $45m at closing, and up to an additional $20m, subject to certain revenue targets for the transferred business for 2020. “This acquisition is a natural fit for the company in line with our areas of focus in semiconductor. The addition of this business from Verimatrix augments our portfolio of mission-critical embedded security products and expands our offerings for data center, AI, networking and automotive,” Luc Seraphin, Rambus President and CEO.