{"id":576645,"date":"2024-12-19T11:00:43","date_gmt":"2024-12-19T09:00:43","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=576645"},"modified":"2024-12-19T11:05:33","modified_gmt":"2024-12-19T09:05:33","slug":"multichoices-global-cybersecurity-juggernaut","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/security\/576645-multichoices-global-cybersecurity-juggernaut.html","title":{"rendered":"MultiChoice’s global cybersecurity juggernaut"},"content":{"rendered":"\n
Irdeto, wholly owned by MultiChoice, is a world leader in digital platform cybersecurity, servicing customers around the globe.<\/p>\n\n\n\n
Most people think of MultiChoice as the company behind DStv and Showmax. However, it owns many other businesses, including the impressive Irdeto.<\/p>\n\n\n\n
Irdeto was founded in 1969 by the Dutch media engineer Pieter den Toonder. In the nineties, the company established itself as a big player in the media security market.<\/p>\n\n\n\n
The company established itself as a leader in helping pay-TV operators secure their broadcast and monetise their services.<\/p>\n\n\n\n
MultiChoice, through MIH Group, acquired a 49% stake in Irdeto in 1997. It later bought the rest of the company.<\/p>\n\n\n\n
Today, Irdeto is the world leader in digital platform cybersecurity and provides solutions to video entertainment, video games, and connected industries.<\/p>\n\n\n\n
\n
It safeguards\u00a0premium video entertainment<\/strong>\u00a0content from piracy and unauthorised distribution, ensuring maximum revenue and viewer engagement.<\/li>\n\n\n\n
Denuvo by Irdeto is the world\u2019s leading\u00a0games protection and anti-piracy technology<\/strong>, helping game publishers and developers secure PC, console and mobile games.<\/li>\n\n\n\n
Its\u00a0connected transport products<\/strong>\u00a0offer scalable and secure automotive, commercial fleets, and construction access control systems.<\/li>\n\n\n\n
Imperto by Irdeto is a contractor enablement platform that serves the\u00a0rental company industry<\/strong>.<\/li>\n<\/ul>\n\n\n\n
The company is headquartered in the Netherlands and employs around 750 people in 10 locations globally.<\/p>\n\n\n\n
The company has subsidiaries in many countries, including South Africa, the United States, Canada, India, and Australia.<\/p>\n\n\n\n
Irdeto focuses strongly on innovation in the cybersecurity sector and boasts 388 patents, with another 128 pending.<\/p>\n\n\n\n
It was the first to market for over-the-top (OTT) technologies such as hosted Widevine services, DRM-based concurrent stream management, and key rotation.<\/p>\n\n\n\n
It also achieved a technological breakthrough with platform re-usability and scalability for super aggregators using Android TV or RDK-V.<\/p>\n\n\n\n
Irdeto Experience, its video streaming aggregation platform, won the Streaming Innovation of the Year category in the 2024 Streaming Media European Innovation Awards.<\/p>\n\n\n\n
Irdeto\u2019s technology protects 6 billion devices globally and secures around 7.2 billion monthly streams.<\/p>\n\n\n\n
Its client list of 419 customers in over 75 countries includes the who\u2019s who in the entertainment industry.<\/p>\n\n\n\n
These clients include Netflix, Paramount+, Charter, AWS, Liberty Global, MultiChoice, Foxtel, Sky News, and Hyundai China.<\/p>\n\n\n\n
Irdeto has become the global market leader in managed security services for video, with a 22% market share.<\/p>\n\n\n\n
Irdeto grew its market share and delivered increased revenue with external customers in all three of its market segments; Video Entertainment, Gaming and Connected Transport.<\/p>\n\n\n\n
External video entertainment revenue in the 2024 financial year was up by 4% compared to the previous year.<\/p>\n\n\n\n
This was due to strategic wins, such as a new managed services agreement concluded with Foxtel in Australia, and the strong performance of existing customers.<\/p>\n\n\n\n
The gaming business grew 12% year-on-year, while the connected transport segment increased revenue by 119%.<\/p>\n\n\n\n
\u201cOur focus is to increase market share by winning Tier-1 customers in the video entertainment segment,\u201d Irdeto said.<\/p>\n\n\n\n
\u201cWe have steadily been making progress against our market share targets over the last three years.\u201d<\/p>\n\n\n\n
It highlighted that despite a strong in-year performance, this segment continues to face a challenging trend due to a decline in global pay-TV subscriptions.<\/p>\n\n\n\n
\u201cWe expect this trend to last for several more years, although it is partially offset by a strong performance supporting new entrants providing streaming services,\u201d it said.<\/p>\n\n\n\n
MultiChoice\u2019s latest financial results for the six months ended 30 September 2024 said Irdeto delivered an encouraging improvement in its external business.<\/p>\n\n\n\n
It said Irdeto secured a major Asian customer and expanded managed services with a key customer in Australasia.<\/p>\n\n\n\n
On a standalone basis, combining external and intercompany revenues, Irdeto\u2019s revenues were down 3% in US dollars, with a 38% decline in trading profit.<\/p>\n\n\n\n
![\"\"](\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2024\/12\/Irdeto-building.jpg\")
<\/figure>\n\n\n\n