$20M for Verimatrix

Wade Roush9/29/08

Verimatrix, a San Diego-based maker of security software for Internet-delivered pay TV, said today that it has obtained $20 million in Series C venture funding from JK&B Capital, Goldman Sachs, and SunAmerica Ventures. The company said the investment round would help it accelerate deployment of its software to hybrid cable/satellite networks in markets around the world.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @