Seachange International Inc.


SEAC

Price

0.9696


Change

-0.0192


High

NA


Low

NA


Avg Volume

315,855


PE Ratio

-3


52 Week High

2.15


52 Week Low

0.69



Profile

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 , analytics and a user interface. The software supports linear channels, video on demand and time shift television , over managed and unmanaged networks. Customer base includes broadcasters, content owners and service providers. 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. In September 2005, SeaChange acquired UK-based On-Demand Group . 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 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 divestitures: 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 the 24 of February 2019 amid a conflict with the largest shareholder. On the 29th of August 2019, Yossi Aloni was appointed as CEO.


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