SeaChange International
SeaChange International is a global, public supplier of video delivery software. SeaChange's "Framework" includes video processing, back-office, media asset management, dynamic advertisement insertion (DAI), analytics and a user interface. The software supports linear channels, video on demand (VOD) and time shift television (TSTV), over managed and unmanaged networks. Customer base includes broadcasters, content owners and service providers.
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Public | |
Traded as | NASDAQ: SEAC Russell Microcap Index component |
Industry | Telecommunication Cable television headend |
Founded | Acton, Massachusetts, 1993 |
Founder | Bill Styslinger |
Products | Video on demand TV Everywhere Enterprise software |
Revenue | US$ 62.4 million (2019)[1] |
US$ -35.8 million (2019)[1] | |
US$ -38 million (2019)[1] | |
Total assets | US$ 78 million (2019)[1] |
Total equity | US$ 55 million (2019)[1] |
Number of employees | 182 [2] |
Website | www |
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 29th of August 2019, Yossi Aloni was appointed as CEO.[17]
Awards
SeaChange has won a number of awards, including 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[18]
- 2003: Emmy Award for "Time-Shifted Television" software suite.[19]
- 2013: Emmy Award for the "Development and Commercialisation for Digital Infrastructure for Local Cable Ad Insertion"[20]
References
- >"SeaChange Fiscal 2019 Results". SeaChange International, Inc. 2019. Retrieved April 10, 2019.
- "Annual report 2020". SEC. 2020. Retrieved April 23, 2020.
- "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.
- 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.