SeaChange International
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{{Infobox company
| name = SeaChange International, Inc.
| logo = SeaChange.png
| trading_name =
| type = Public
| traded_as = {{NASDAQ|SEAC}}
Russell Microcap Index component
| industry = Telecommunication
Cable television headend
| foundation = Acton, Massachusetts ({{Start date and age|1993}})
| founder = Bill Styslinger
| locations =
| area_served =
| products = Video on demand
TV Everywhere
Enterprise software
| production =
| services =
| revenue = US$ 22 million (2021){{cite web | url=https://www.sec.gov/Archives/edgar/data/0001019671/000156459021018886/seac-10k_20210131.htm | title=SeaChange Fiscal 2021 Results | publisher=SeaChange International, Inc. | year=2021 | accessdate=April 15, 2021}}
| net_income = US$ -22 million (2021)
| assets = US$ 50 million (2021)
| equity = US$ 32 million (2021)
| num_employees = 153 {{cite web | url=https://www.sec.gov/Archives/edgar/data/0001019671/000156459021018886/seac-10k_20210131.htm | title=Annual report 2021 | publisher=SEC| year=2021 | accessdate=April 15, 2021}}
| parent = Enghouse Systems Ltd. (2024–present)
| divisions =
| subsid =
| homepage = {{URL|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.
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.{{cite web | url=http://www.tvtechnology.com/news/0086/seachange-buys-liberate-technologies-international-assets/251779 | title= SeaChange buys Liberate Technologies' international assets | author= | publisher=TV Technology | date=April 25, 2005 | accessdate=January 25, 2015}}
In September 2005, SeaChange acquired UK-based On-Demand Group (ODG).{{cite web | url=http://www.dmwmedia.com/news/2005/09/27/seachange-acquires-on-demand-group-ltd-for-13-4-million | title=SeaChange acquires On-Demand Group Ltd for 13.4 million | author= | publisher= | year= | date= | accessdate=27 November 2014}}{{cite web | url=http://www.businesswire.com/news/home/20050926006051/en/SeaChange-Purchases-European-Content-Aggregator-Londons-Demand | title=SeaChange purchases European content aggregator; London's On Demand Group strengthens comprehensive on-demand strategy | publisher=BusinessWire | date=September 26, 2005 | accessdate=November 11, 2014}} In November 2008, SeaChange acquired Mobix Interactive, also from the UK.{{cite web | url=http://advanced-television.com/2008/11/27/seachange-acquires-mobix/ | title=SeaChange acquires Mobix | publisher=Advanced Television Ltd | date=November 27, 2008 | accessdate=November 11, 2014}}
In September 2009, SeaChange bought eventIS, based in the Netherlands.{{cite web | url=http://www.broadbandtvnews.com/2009/09/01/seachange-buys-eventis/ | title=SeaChange buys eventIS | author=Julian Clover | publisher=Broadband TV News | date=September 1, 2009 | accessdate=November 11, 2014}} In January 2010, SeaChange acquired Silicon Valley start-up VividLogic.{{cite web | url=http://www.tvtechnology.com/business/0107/seachange-acquires-vividlogic/204590 | title=SeaChange acquires VividLogic | publisher=TV Technology | date=January 12, 2010 | accessdate=November 11, 2014}}{{cite web | url=http://www.lightreading.com/cable-video/video-software/seachange-snags-vividlogic-for-$12m/d/d-id/673593 | title=SeaChange snags VividLogic for $12m | author=Jeff Baumgartner | publisher=LightReading | date=January 7, 2010 | accessdate=November 11, 2014}} In June 2012, SeaChange obtained the assets of Flashlight Engineering and Consulting.{{cite web | url=http://www.fiercecable.com/story/seachange-acquires-flashlight-engineering-and-consulting/2012-06-20 | title=SeaChange acquires Flashlight Engineering and Consulting | author=Jim Barthold | publisher=FierceCable | date=June 20, 2012 | accessdate=November 11, 2014}}
As part of a strategy to become a "pure-play software provider,”{{cite web | url=http://www.schange.com/company/press-releases/2012/seachangeinternationalnamesraghuraupermanentceo | title=SeaChange International names Raghu Rau permanent Chief Executive Officer | publisher=company press release | date=April 30, 2012 | accessdate=November 11, 2014}} SeaChange did two divestitures: in May 2012, it sold ODG to Avail-TVN{{cite web | url=http://www.digitaltveurope.net/24365/seachange-sells-on-demand-group-to-carlyle-backed-avail-tvn/ | title=SeaChange sells On Demand Group to Carlyle-backed Avail-TVN | author= | publisher=Digital TV Europe | date=May 22, 2012 | accessdate=November 11, 2014}} and its server hardware business spun out to XOR Media that same month.{{cite web | url=http://www.rapidtvnews.com/2012051421842/xor-in-for-seachange-finalises-server-storage-business.html | title=XOR in for SeaChange finalises server, storage business | publisher=Rapid TV News | date=May 14, 2012 | accessdate=November 11, 2014}} In 2014 SeaChange acquired Timeline Labs, a start-up that makes tools for broadcasters and video service providers for audience measurement via social media.{{cite web | url=https://deadline.com/2014/12/seachange-international-timeline-labs-acquisition-1201333693/ | title=SeaChange buys TV Social-Media Toolmaker Timeline Labs | author=David Bloom | publisher=Deadline Hollywood | date=December 22, 2014 | accessdate=January 15, 2015}}
SeaChange appointed Ed Terino as their new CEO in 2016,{{cite web |title=Terino In, Samit Out as SeaChange CEO |url=https://www.multichannel.com/news/terino-samit-out-seachange-ceo-403946 |website=Multichannel |accessdate=5 September 2018 |language=en-us}} who stepped down on 24 February 2019 amid a conflict with the largest shareholder.{{Cite web|url=https://www.sec.gov/Archives/edgar/data/1019671/000119312519050508/d715614dex171.htm|title=EX-17.1|website=www.sec.gov|access-date=2019-02-28}} On 27 September 2021, Peter D. Aquino was appointed as CEO.{{Cite web|url=https://www.seachange.com/blog/2019/09/09/seachange-international-reports-second-quarter-fiscal-2020-results/|title=SeaChange International Reports Second Quarter Fiscal 2020 Results|last=calgiere|date=2019-09-09|website=SeaChange|language=en-US|access-date=2019-11-18}}
In 2024, almost three years after reporting wanting to merge with TrillerNet,{{Cite web|title=TikTok rival Triller to go public via merger with SeaChange International|url=https://techcrunch.com/2021/12/22/tiktok-rival-triller-to-go-public-via-merger-with-seachange-international/|access-date=2021-12-25|website=TechCrunch|language=en-US}} it was announced that it could be acquired by the Montreal-headquartered enterprise software company, PartnerOne for $30 million.{{Cite web |date=2024-03-12 |title=SeaChange to be acquired by Partner One |url=https://www.broadbandtvnews.com/2024/03/12/seachange-to-be-acquired-by-partner-one/ |access-date=2024-03-12 |website=Broadband TV News |language=en-GB}} 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.{{Cite web|url=https://www.enghousenetworks.com/latest-news/enghouse-completes-acquisition-of-seachange/|title=Enghouse Completes Acquisition of SeaChange|work=Enghouse Networks|date=2024-05-09|access-date=2024-05-28|language=en}}
Awards
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{{cite web | url=http://www.broadcastingcable.com/news/news-articles/2001-tech-emmy-awards/89928 | title=2001 Tech Emmy Awards | author=Ken Kerschbaumer | publisher=Broadcasting & Cable | date=October 21, 2001 | accessdate=January 25, 2015}}
- 2003: Emmy Award for "Time-Shifted Television" software suite{{cite web | url=http://www.multichannel.com/news/orphan-articles/seachange-nominated-emmy/139591 | title= SeaChange Nominated for Emmy | author= | publisher=Multichannel News | date=September 26, 2003 | accessdate=January 25, 2015}}
- 2013: Emmy Award for the "Development and Commercialisation for Digital Infrastructure for Local Cable Ad Insertion"{{cite web | url=http://www.fool.com/investing/businesswire/2012/10/18/seachange-international-wins-third-emmy-award-for-.aspx | title=SeaChange International Wins Third Emmy Award for Innovation in Television Technology | author= | publisher=The Motley Fool | date=October 18, 2012 | accessdate=January 25, 2015}}
References
{{Reflist|2}}