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SeaChange International

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For other uses, see Sea change (disambiguation).
SeaChange International, Inc.
Company typePublic
Nasdaq: SEAC
Russell Microcap Index component
IndustryTelecommunication
Cable television headend
FoundedActon, Massachusetts, 1993
FounderBill Styslinger
Headquarters
Acton Edit this on Wikidata
,
United States Edit this on Wikidata
ProductsVideo on demand
TV Everywhere
Enterprise software
RevenueUS$ 22 million (2021)[1]
US$ -22 million (2021)[1]
Total assetsUS$ 50 million (2021)[1]
Total equityUS$ 32 million (2021)[1]
Number of employees
153 [2]
Websitewww.seachange.com

SeaChange International is a global, public supplier of video delivery software which provides video streaming, linear TV and video advertising technology for operators, content owners and broadcasters globally.

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 the 24 of February 2019 amid a conflict with the largest shareholder.[16] On the 27th of September 2021, Peter D. Aquino was appointed as CEO.[17] On the 22 December 2021, Seachange announced that they plan to merge with TrillerNet[18]

Awards

SeaChange has won awards such as three Emmy Awards in the category Technology & Engineering:

  • 2001: Emmy Awards for "Pioneering developments in shared video-data-storage systems technology" with the MediaCluster video server[19]
  • 2003: Emmy Award for "Time-Shifted Television" software suite.[20]
  • 2013: Emmy Award for the "Development and Commercialisation for Digital Infrastructure for Local Cable Ad Insertion"[21]

References

  1. ^ a b c d "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. ^ Ken Kerschbaumer (October 21, 2001). "2001 Tech Emmy Awards". Broadcasting & Cable. Retrieved January 25, 2015.
  20. ^ "SeaChange Nominated for Emmy". Multichannel News. September 26, 2003. Retrieved January 25, 2015.
  21. ^ "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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