Irdeto announced it has acquired 100 per cent of Cloakware, a privately held software company based in Virginia, USA and Ottawa, Canada. Graham Kill, CEO of Irdeto said: “This acquisition strengthens our existing content security offering, broadens Irdeto's reach across the entire content lifecycle and vertically expands our offering into new markets.”
Cloakware's technology, which makes security inseparable from the software it protects, adds an additional layer of protection to Irdeto's security offering. The acquisition of Cloakware furthers Irdeto's agenda to deliver end-to-end security offerings and a broad portfolio of security solutions covering multiple markets and a wide range of devices.
Cloakware's software solutions protect more than one billion applications and the assets of some of the world's largest, most recognisable and technologically advanced companies. Customers include Texas Instruments, Pioneer Electronics, NXP, State Street, and Vodafone. Irdeto and Cloakware's long-standing partnership includes solutions to prevent piracy and subscription fraud in digital video and IP networks. Cloakware’s previous shareholders included significant venture capital funds and industry experts Fairhaven Capital, Globespan Capital Partners, and Intel Capital.