SeaChange International

For other uses, see Sea change (disambiguation).
SeaChange International, Inc.
Public
Traded as NASDAQ: SEAC
Industry Telecommunication
Cable television headend
Founded Acton, Massachusetts, 1993
Founder Bill Styslinger
Key people
 Jay Samit, CEO
Products Video on demand
TV Everywhere
Enterprise software
Revenue US$ 146.319 million (2014)[1]
US$ 8.4 million (2014)[1]
US$ 9.9 million (2014)[1]
Total assets US$ 254 million (2014)[1]
Total equity US$ 204 million (2014)[1]
Number of employees
 723 [2]
Website www.schange.com

SeaChange International is a multinational company headquartered in Acton, Massachusetts that provides multi-screen video products and services that facilitate the aggregation, licensing, management, and distribution of video programs and television advertisements to cable system operators, telecommunications companies, mobile communications providers and media companies worldwide.[2]

History

SeaChange was founded in January 1993 by Bill Styslinger. At a time when U.S. cable operators needed rooms full of VCRs, each loaded with a tape with a single ad in order to carry out live linear ad replacement, SeaChange brought about a sea change (hence the company name) by introducing digital video servers that could contain and stream thousands of ads and were far more compact.

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 a move that bears the hallmark of the recently appointed CEO Jay Samit, SeaChange announced in December 2014 it will acquire Timeline Labs, a start-up that makes tools for broadcasters and video service providers for audience measurement via social media.[14]

Products

SeaChange offers multi-screen television products, including Rave, an OTT platform that will be deliverable in a cloud-based SaaS model;[15] Adrenalin, a multi-screen television platform that enables service providers to manage, monetize, and deliver a seamless viewing experience to subscribers across televisions, personal computers (PCs), tablets, smartphones, and other IP-enabled devices; Nitro, subscriber experience software that gives service providers an interface that personalizes the multi-platform subscriber experience; and AssetFlow that is used to receive, manage, and publish content for on-demand viewing on televisions, tablets, PCs, and other consumer devices. The company also provides television advertising products, such as Infusion Advanced Advertising Platform that enables service providers to maximize advertising revenue across multi-screen, linear, on-demand, and over-the-top viewing; AdPulse, on-demand advertising software enabling service providers to capitalize on video-on-demand television services with ad placements; and AdFlow that enables advertisements to be ready for insertion and handles advertisement file processing, verification, transcoding operations, and confirms play-out for revenue booking. In addition, it provides Nucleus, video gateway software, as well as professional services, installation, training, project management, product maintenance, technical support, and software development related services. The company sells and markets its products and services through a direct sales organization, independent agents, and distributors.[2]

Awards

SeaChange has won a number of awards, including three Emmy Awards in the category Technology & Engineering:

References

  1. 1 2 3 4 5 "SeaChange Fiscal 2014 Annual Report" (PDF). SeaChange International, Inc. 2014. Retrieved November 11, 2014.
  2. 1 2 3 "Yahoo Finance profile". Yahoo Finance. 2014. Retrieved November 11, 2014.
  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. ↑ "Seachange moves to SaaS model, launches new OTT platform". Digital TV Europe. December 4, 2014. Retrieved January 15, 2015.
  16. ↑ Ken Kerschbaumer (October 21, 2001). "2001 Tech Emmy Awards". Broadcasting & Cable. Retrieved January 25, 2015.
  17. ↑ "SeaChange Nominated for Emmy". Multichannel News. September 26, 2003. Retrieved January 25, 2015.
  18. ↑ "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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