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
The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...
. In April 2005, SeaChange bought the international assets of Liberate Technologies.
In September 2005, SeaChange acquired UK-based
On-Demand Group (ODG). In November 2008, SeaChange acquired Mobix Interactive, also from the UK.
In September 2009, SeaChange bought eventIS, based in the Netherlands. In January 2010, SeaChange acquired
Silicon Valley
Silicon Valley is a region in Northern California that is a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical area of the Santa Clara Valley ...
start-up VividLogic. In June 2012, SeaChange obtained the assets of Flashlight Engineering and Consulting.
As part of a strategy to become a "pure-play software provider,” SeaChange did two
divestiture
In finance and economics, divestment or divestiture is the reduction of some kind of asset for financial, ethical, or political objectives or sale of an existing business by a firm. A divestment is the opposite of an investment. Divestiture is a ...
s: in May 2012, it sold ODG to
Avail-TVN and its server hardware business spun out to XOR Media that same month. In 2014 SeaChange acquired Timeline Labs, a start-up that makes tools for broadcasters and video service providers for audience measurement via social media.
SeaChange appointed Ed Terino as their new CEO in 2016, who stepped down on 24 February 2019 amid a conflict with the largest shareholder. On 27 September 2021, Peter D. Aquino was appointed as CEO.
In 2024, almost three years after reporting wanting to merge with
TrillerNet, it was announced that it could be acquired by the
Montreal
Montreal is the List of towns in Quebec, largest city in the Provinces and territories of Canada, province of Quebec, the List of the largest municipalities in Canada by population, second-largest in Canada, and the List of North American cit ...
-headquartered enterprise software company, PartnerOne for $30 million. 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.
Awards
SeaChange has won awards, including three
Emmy Award
The Emmy Awards, or Emmys, are an extensive range of awards for artistic and technical merit for the television industry. A number of annual Emmy Award ceremonies are held throughout the year, each with their own set of rules and award categor ...
s in the category of
Technology & Engineering:
* 2001: Emmy Awards for "Pioneering developments in shared video-data-storage systems technology" with the MediaCluster video server
* 2003: Emmy Award for "Time-Shifted Television" software suite
* 2013: Emmy Award for the "Development and Commercialisation for Digital Infrastructure for Local Cable Ad Insertion"
References
{{Reflist, 2
External links
Official website
Digital television
Telecommunications companies of the United States
Companies established in 1993
Companies listed on the Nasdaq
2024 mergers and acquisitions