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AMSTERDAM, June 23, 2022 (GLOBE NEWSWIRE) -- Irdeto, the world leader in digital platform cybersecurity, today announces the results of the financial year 2022. Despite the unprecedented circumstances of the global pandemic and worldwide chip shortage, Irdeto saw a healthy and steady year. The company welcomed new customers across the businesses, launched new security products and engaged in new partnerships, while growing its footprint notably in the Asia Pacific region.

As the world remained partly closed throughout the year, demand for new engaging content exploded and we saw a boom in both video game and video entertainment development. With more content available from content developers and publishers, the opportunity for online piracy also spiked. To combat this, Irdeto helped its customers navigate the challenging circumstances by providing them with innovative and secure solutions and services.

Irdeto Video Entertainment continued to grow its global footprint and deliver its commitment by bringing new innovations to the market and supporting the needs of its customers.

Denuvo by Irdeto experienced its most successful year to date. The implementation of anti-cheat and anti-piracy solutions for PC, console, and mobile video game publishers and developers continued to grow. Denuvo’s wide network of partnerships was further extended, thanks to the positive experiences and testimonials of existing customers and partners. Cheating and piracy remain key concerns in the gaming market – the recent Denuvo survey found that 70% of all game developers, large and small, consider cheating to be problematic, a clear indication for the heightened need for appropriate protection.

Irdeto Connected Transport had an exciting year including many new customer wins. A total of eight new transport customers joined the growing list of transportation companies relying on Irdeto technology. These included:

Irdeto Connected Health took significant leaps in expanding its footprint in securing medical devices. There is also a growing need for Irdeto products and services in MedTech: Irdeto’s industry survey revealed that 88% of the industry executives state that they are not prepared for a cyberattack. A clear indication that the industry is still growing awareness of the cybersecurity issues it faces; an industry that experienced 350% increase in cyberattacks during the first year of COVID-19.

Despite the unprecedented number of cyberthreats and the growing importance of cybersecurity in successful business operations, the cybersecurity industry faces a severe workers shortage. To build the talent pipeline needed to fulfill the organization’s long-term objectives, Irdeto launched a Graduate Program to develop the next generation of cybersecurity talent. Due to the success of last year’s program, the company has extended the program for 2022-2023 as well.

Continuous innovation and dedication to customer service was acknowledged and awarded by numerous industry parties. The Irdeto Anti-Piracy Suite was recognized as the Best Cybersecurity Product or Service at the CSI Awards 2021 while Irdeto Control was the winner of the Content Protection category in the 2021 Streaming Media European Readers’ Choice Awards. The 2022 Cybersecurity Excellence Awards honored Irdeto with 23 awards in multiple categories, including the Best Cybersecurity Company of the Year.

“We’ve been really pleased to see the way customers and partners have responded to Irdeto’s new product and service offerings in FY22. Despite challenging market conditions, including the pandemic as well as disruptions to silicon availability and global supply chains, we have seen strong demand across our key markets,” said Doug Lowther, CEO of Irdeto. “We continue to protect, renew and empower our customers and we look forward to building our momentum into the financial year 2023 to empower a secure world where people can connect with confidence.” 

With a unique heritage in security innovation, a healthy financial base and continuous growth and innovation in various industries, Irdeto is the reliable partner to build a secure future where people can connect with confidence. Irdeto is part of the MultiChoice Group, listed in Johannesburg Stock Exchange, which in early June announced its financial results for the financial year which ended on 31 March 2022.

Irdeto is the world leader in digital platform cybersecurity, empowering businesses to innovate for a secure, connected future. Building on over 50 years of expertise in security, Irdeto’s services and solutions protect revenue, enable growth and fight cybercrime in video entertainment, video games, and connected industries including transport, health and infrastructure. With teams around the world, Irdeto’s greatest asset is its people and diversity is celebrated through an inclusive workplace, where everyone has an equal opportunity to drive innovation and support Irdeto's success. Irdeto is the preferred security partner to empower a secure world where people can connect with confidence.

For more information, please visit www.irdeto.com.

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