SeaChange International explained

SeaChange International, Inc.
Type:Public
Traded As:NASDAQ:
Russell Microcap Index component
Industry:Telecommunication
Cable television headend
Foundation:Acton, Massachusetts
Founder:Bill Styslinger
Products:Video on demand
TV Everywhere
Enterprise software
Revenue:US$ 22 million (2021)[1]
Net Income:US$ -22 million (2021)
Assets:US$ 50 million (2021)
Equity:US$ 32 million (2021)
Num Employees:153 [2]
Parent:Enghouse Systems Ltd. (2024–present)

SeaChange International, Inc. is a global, public supplier of video delivery software, providing video streaming as well as linear TV and video advertising technology for operators, content owners, and broadcasters.

History

SeaChange was founded in January 1993 by Bill Styslinger. In 1996, the company became listed at NASDAQ. In April 2005, SeaChange bought the international assets of Liberate Technologies.[3]

In September 2005, SeaChange acquired UK-based On-Demand Group (ODG).[4] [5] In November 2008, SeaChange acquired Mobix Interactive, also from the UK.[6]

In September 2009, SeaChange bought eventIS, based in the Netherlands.[7] In January 2010, SeaChange acquired Silicon Valley start-up VividLogic.[8] [9] In June 2012, SeaChange obtained the assets of Flashlight Engineering and Consulting.[10]

As part of a strategy to become a "pure-play software provider,”[11] SeaChange did two divestitures: in May 2012, it sold ODG to Avail-TVN[12] and its server hardware business spun out to XOR Media that same month.[13] In 2014 SeaChange acquired Timeline Labs, a start-up that makes tools for broadcasters and video service providers for audience measurement via social media.[14]

SeaChange appointed Ed Terino as their new CEO in 2016,[15] who stepped down on 24 February 2019 amid a conflict with the largest shareholder.[16] On 27 September 2021, Peter D. Aquino was appointed as CEO.[17]

In 2024, almost three years after reporting wanting to merge with TrillerNet,[18] it was announced that it could be acquired by the Montreal-headquartered enterprise software company, PartnerOne for $30 million.[19] However, on May 9, 2024, Enghouse Systems Ltd. announced that it had completed the purchase of all of the company's assets for approximately $23 million.[20]

Awards

SeaChange has won awards, including three Emmy Awards in the category of Technology & Engineering:

External links

Notes and References

  1. Web site: SeaChange Fiscal 2021 Results . SeaChange International, Inc. . 2021 . April 15, 2021.
  2. Web site: Annual report 2021 . SEC. 2021 . April 15, 2021.
  3. Web site: SeaChange buys Liberate Technologies' international assets . TV Technology . April 25, 2005 . January 25, 2015.
  4. Web site: SeaChange acquires On-Demand Group Ltd for 13.4 million . 27 November 2014.
  5. Web site: SeaChange purchases European content aggregator; London's On Demand Group strengthens comprehensive on-demand strategy . BusinessWire . September 26, 2005 . November 11, 2014.
  6. Web site: SeaChange acquires Mobix . Advanced Television Ltd . November 27, 2008 . November 11, 2014.
  7. Web site: SeaChange buys eventIS . Julian Clover . Broadband TV News . September 1, 2009 . November 11, 2014.
  8. Web site: SeaChange acquires VividLogic . TV Technology . January 12, 2010 . November 11, 2014.
  9. Web site: SeaChange snags VividLogic for $12m . Jeff Baumgartner . LightReading . January 7, 2010 . November 11, 2014.
  10. Web site: SeaChange acquires Flashlight Engineering and Consulting . Jim Barthold . FierceCable . June 20, 2012 . November 11, 2014.
  11. Web site: SeaChange International names Raghu Rau permanent Chief Executive Officer . company press release . April 30, 2012 . November 11, 2014.
  12. Web site: SeaChange sells On Demand Group to Carlyle-backed Avail-TVN . Digital TV Europe . May 22, 2012 . November 11, 2014.
  13. Web site: XOR in for SeaChange finalises server, storage business . Rapid TV News . May 14, 2012 . November 11, 2014.
  14. Web site: SeaChange buys TV Social-Media Toolmaker Timeline Labs . David Bloom . Deadline Hollywood . December 22, 2014 . January 15, 2015.
  15. Web site: Terino In, Samit Out as SeaChange CEO . Multichannel . 5 September 2018 . en-us.
  16. Web site: EX-17.1. www.sec.gov. 2019-02-28.
  17. Web site: SeaChange International Reports Second Quarter Fiscal 2020 Results. calgiere. 2019-09-09. SeaChange. en-US. 2019-11-18.
  18. Web site: TikTok rival Triller to go public via merger with SeaChange International. 2021-12-25. TechCrunch. en-US.
  19. Web site: 2024-03-12 . SeaChange to be acquired by Partner One . 2024-03-12 . Broadband TV News . en-GB.
  20. Web site: Enghouse Completes Acquisition of SeaChange. Enghouse Networks. 2024-05-09. 2024-05-28. en.
  21. Web site: 2001 Tech Emmy Awards . Ken Kerschbaumer . Broadcasting & Cable . October 21, 2001 . January 25, 2015.
  22. Web site: SeaChange Nominated for Emmy . Multichannel News . September 26, 2003 . January 25, 2015.
  23. Web site: SeaChange International Wins Third Emmy Award for Innovation in Television Technology . The Motley Fool . October 18, 2012 . January 25, 2015.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "SeaChange International".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.