SeaChange International
 | This article contains promotional content. (March 2022) |
 | |
| Company type | Public |
|---|---|
| Nasdaq: SEAC Russell Microcap Index component | |
| Industry | Telecommunication Cable television headend |
| Founded | Acton, Massachusetts (1993) |
| Founder | Bill Styslinger |
| Headquarters | , United States  |
| 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 |
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
[edit]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
[edit]SeaChange has won awards, including three Emmy Awards in the category of Technology & Engineering:
- 2001: Emmy Awards for "Pioneering developments in shared video-data-storage systems technology" with the MediaCluster video server[21]
- 2003: Emmy Award for "Time-Shifted Television" software suite[22]
- 2013: Emmy Award for the "Development and Commercialisation for Digital Infrastructure for Local Cable Ad Insertion"[23]
References
[edit]- ^ a b c d "SeaChange Fiscal 2021 Results". SeaChange International, Inc. 2021. Retrieved April 15, 2021.
- ^ "Annual report 2021". SEC. 2021. Retrieved April 15, 2021.
- ^ "SeaChange buys Liberate Technologies' international assets". TV Technology. April 25, 2005. Retrieved January 25, 2015.
- ^ "SeaChange acquires On-Demand Group Ltd for 13.4 million". Retrieved 27 November 2014.
- ^ "SeaChange purchases European content aggregator; London's On Demand Group strengthens comprehensive on-demand strategy". BusinessWire. September 26, 2005. Retrieved November 11, 2014.
- ^ "SeaChange acquires Mobix". Advanced Television Ltd. November 27, 2008. Retrieved November 11, 2014.
- ^ Julian Clover (September 1, 2009). "SeaChange buys eventIS". Broadband TV News. Retrieved November 11, 2014.
- ^ "SeaChange acquires VividLogic". TV Technology. January 12, 2010. Retrieved November 11, 2014.
- ^ Jeff Baumgartner (January 7, 2010). "SeaChange snags VividLogic for $12m". LightReading. Retrieved November 11, 2014.
- ^ Jim Barthold (June 20, 2012). "SeaChange acquires Flashlight Engineering and Consulting". FierceCable. Retrieved November 11, 2014.
- ^ "SeaChange International names Raghu Rau permanent Chief Executive Officer". company press release. April 30, 2012. Retrieved November 11, 2014.
- ^ "SeaChange sells On Demand Group to Carlyle-backed Avail-TVN". Digital TV Europe. May 22, 2012. Retrieved November 11, 2014.
- ^ "XOR in for SeaChange finalises server, storage business". Rapid TV News. May 14, 2012. Retrieved November 11, 2014.
- ^ David Bloom (December 22, 2014). "SeaChange buys TV Social-Media Toolmaker Timeline Labs". Deadline Hollywood. Retrieved January 15, 2015.
- ^ "Terino In, Samit Out as SeaChange CEO". Multichannel. Retrieved 5 September 2018.
- ^ "EX-17.1". www.sec.gov. Retrieved 2019-02-28.
- ^ calgiere (2019-09-09). "SeaChange International Reports Second Quarter Fiscal 2020 Results". SeaChange. Retrieved 2019-11-18.
- ^ "TikTok rival Triller to go public via merger with SeaChange International". TechCrunch. Retrieved 2021-12-25.
- ^ "SeaChange to be acquired by Partner One". Broadband TV News. 2024-03-12. Retrieved 2024-03-12.
- ^ "Enghouse Completes Acquisition of SeaChange". Enghouse Networks. 2024-05-09. Retrieved 2024-05-28.
- ^ Ken Kerschbaumer (October 21, 2001). "2001 Tech Emmy Awards". Broadcasting & Cable. Retrieved January 25, 2015.
- ^ "SeaChange Nominated for Emmy". Multichannel News. September 26, 2003. Retrieved January 25, 2015.
- ^ "SeaChange International Wins Third Emmy Award for Innovation in Television Technology". The Motley Fool. October 18, 2012. Retrieved January 25, 2015.