SeaChange International

Last updated
SeaChange International, Inc.
Company type Public
Nasdaq:  SEAC
Russell Microcap Index component
Industry Telecommunication
Cable television headend
Founded Acton, Massachusetts (1993;31 years ago (1993))
FounderBill Styslinger
Headquarters
Acton   OOjs UI icon edit-ltr-progressive.svg
,
United States  OOjs UI icon edit-ltr-progressive.svg
Products Video on demand
TV Everywhere
Enterprise software
Revenue US$ 22 million (2021) [1]
US$ -22 million (2021) [1]
Total assets US$ 50 million (2021) [1]
Total equity US$ 32 million (2021) [1]
Number of employees
153 [2]
Parent Enghouse Systems Ltd. (2024–present)
Website seachange.com

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.

Contents

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:

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References

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