PRESS RELEASE Businesswire

 Dec. 9, 2019, 01:30 AM

Rambus Inc. (NASDAQ: RMBS), a premier silicon IP and chip provider making data faster and safer, today announced the completed acquisition of the silicon IP, secure protocols and provisioning business from Verimatrix, formerly Inside Secure, for $45 million at closing, and up to an additional $20 million, subject to certain revenue targets for the transferred business for the calendar year 2020. The combined portfolio of products, including the secure silicon IP and provisioning solutions from both companies, creates the most comprehensive silicon-proven security IP portfolio in the industry.

"This acquisition is a natural fit for the company in line with our areas of focus in semiconductor,” said Luc Seraphin, president and CEO of Rambus. "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.”

Although this transaction will not materially impact 2019 financial results due to the timing of close and acquisition accounting, Rambus expects this acquisition to be accretive in 2020.

For more information, visit rambus.com/insidesecure.