DtecNet founder and CEO Thomas Sehested will join MarkMonitor as a senior vice president.
With the acquisition, MarkMonitor is also expanding on a geographical level: DtecNet’s European operations include a development team in Denmark and an operations center in Vilnius, Lithuania.
Irfan Salim, CEO of MarkMonitor, says piracy of digital content on the Internet, including movies, music, games, software and e-books, is a severe and growing problem.
The company estimates the worldwide economic impact of online piracy and counterfeiting at $200 billion annually.
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Authors: Robin Wauters