Verimatrix is expanding its presence in Asia-Pacific with the opening of its new regional headquarters in Singapore. The new office forms the hub of Verimatrix's regional footprint, which is complemented with a series of additions to its Asia-Pacific sales and support team based throughout the region. Verimatrix addresses the content security needs of the growing IPTV operators in the region, and has extended its focus to the needs of broadcast and cable pay-TV providers as they undergo the conversion to digital format.

Bolstered by the completion of a Series C funding, Verimatrix has commissioned its new headquarters on Upper Thomson Road in Singapore complete with a demonstration centre. The central location in Singapore better enables Verimatrix to expand its broad customer base in the region. It also enables close cooperation with the newly-formed Centre for Content Protection, of which Verimatrix is a key sponsor and member of the Advisory Committee. Other opportunities for regional investment will be evaluated over the coming months.

The number of pay-TV subscribers in Asia-Pacific is expected to grow 17 percent to 300 million this year, according to a recent report issued by Cable and Satellite Broadcasting Association of Asia, which represents significant opportunity for Verimatrix.

Mr. Laurence Peak, VP of Sales for Asia-Pacific, will oversee regional operations from the new office. To help solidify and strengthen Verimatrix's position in key markets, the company has also added new staff based in Singapore, Beijing and Mumbai.