SeaChange International, Inc. provides multiscreen, advertising, and premium over the top (OTT) video products and services that facilitate the aggregation, licensing, management, and distribution of video and advertising content worldwide. It offers video products, including SeaChange Adrenalin, a multiscreen video back office platform that enables service providers to manage, monetize, and deliver a seamless viewing experience across televisions, personal computers (PCs), tablets, smartphones, and other IP-enabled devices; MediaMaker, an OTT video cloud platform that enables operators, broadcasters, media companies, and content owners to ingest, manage, monetize, and distribute their content across networks and devices; and SeaChange AssetFlow, a content management solution, which is used to receive, manage, and publish content for viewing on televisions, tablets, PCs, and other consumer devices. The company also provides advertising products, such as SeaChange Infusion, an advertising platform to maximize advertising revenue across multiscreen, broadcast, on-demand, and OTT viewing. In addition, it offers SeaChange NitroX, an user experience product that empower service providers and content owners to optimize live and on-demand video consumption on multiscreen and OTT services. Further, the company provides professional, and maintenance and technical support services, as well as managed services. It sells and markets its products and services through a direct sales process, as well as to systems integrators and value-added resellers. The company serves cable system operators, telecommunications companies, and satellite operators, as well as broadcasters and other content providers. SeaChange International, Inc. was incorporated in 1993 and is based in Boston, Massachusetts.
IPO Year: 1996
Exchange: NASDAQ
Website: seachange.com
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Aegis Capital initiated coverage of SeaChange International with a rating of Buy and set a new price target of $3.00
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Highlights Urgent Need for An Independent Director Perspective to Address Genco's Persistent Underperformance and Unlock Value for Shareholders Outlines Concerns with Chairman James Dolphin's Outsized Influence in the Genco Boardroom Urges Shareholders to Vote FOR the Election of GK Investor Nominee Robert Pons on the BLUE Universal Proxy Card and WITHHOLD on Genco Board Chairman James Dolphin GK Investor LLC ("GK"), an affiliate of George Economou that is an approximately 5.3% shareholder of Genco Shipping & Trading Limited ("Genco" or the "Company") (NYSE:GNK), today announced that it has filed its definitive proxy statement with the U.S. Securities and Exchange Commission in connec
Klimmer is set to lead SeaChange's evolution into video tech powerhouse First initiatives include the extension of SeaChange's product portfolio with AI and Web 3.0 use cases BOSTON, Sept. 27, 2023 (GLOBE NEWSWIRE) -- SeaChange International, Inc. ("SeaChange" or the "Company"), a leading provider of video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, today announced the promotion of Chris Klimmer to President, CEO and a member of the Board of Directors, effective immediately. As SeaChange's CRO and later President, Klimmer has been instrumental in the turnaround of the Company's operational and financial performan
Highlights Entrenchment Tactics Taken by the Board Before and Following March Special Meeting Where Shareholders Overwhelmingly Supported Murchinson's Case for Change – Including the Removal of CEO and Chairman Yoav Stern From the Board Puts Forward Proposals to Improve Company's Failed Corporate Governance by Seeking to Remove All Current Directors and Appoint Five New, Experienced and Independent Nominees Murchinson Ltd. (collectively with its affiliates and funds it advises and/or sub-advises, "Murchinson" or "we"), a significant shareholder with approximately 5.9% of the outstanding shares of Nano Dimension Ltd., a company incorporated in Israel (NASDAQ:NNDM) ("Nano Dimension" or th
BOSTON, Sept. 27, 2021 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (NASDAQ:SEAC), a leading provider of video delivery, advertising, and streaming platforms, has appointed Peter D. Aquino as the company's new President and Chief Executive Officer effective today. Mr. Aquino brings to SeaChange more than 30 years of experience in the technology, media, and telecommunication (TMT) industry, and enters the stage as the company transitions to tech-forward use cases for its cable and streaming customers. "With our strong balance sheet, enhanced product portfolio, and continued momentum, this is the right time to attract a high-caliber leader like Pete to take SeaChange to the next level
WALTHAM, Mass., Feb. 11, 2021 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (NASDAQ: SEAC), a leading provider of video delivery platforms, today announced that its Board of Directors has appointed veteran technology executive Matthew Stecker to the Board of Directors, effective February 10, 2021. Stecker replaces Andrew Sriubas, who was appointed to the Board of Directors in 2016. Stecker has also been appointed to the Company’s Audit, Compensation and Corporate Governance and Nominating Committees, and will serve as Chairman of the Compensation Committee. With Stecker’s appointment, SeaChange’s Board composition remains at four total directors, three of whom are independent. Steck
WALTHAM, Mass., Jan. 13, 2021 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (NASDAQ: SEAC), a leading provider of video delivery platforms, has appointed Chairman Roberts Pons as Executive Chairman, effective January 8, 2021. Pons succeeds Yossi Aloni, who resigned as Chief Executive Officer (CEO), President and as a director of the Company to pursue other interests. Pons joined SeaChange’s board in February 2019 and was appointed Chairman in December 2019. Pons has assumed operating responsibilities and will continue to do so until a new CEO has been appointed. SeaChange’s board has initiated a search process for a new CEO to lead and execute the company's long-term plan to drive gro
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Believes Nano's Ongoing Value Destruction, Worst-In-Class Corporate Governance and Misallocation of Corporate Resources Warrants Urgent Change in Company's Boardroom Murchinson's Nominees Would Bring Independent Perspectives and Relevant Experience to Restore Shareholders' Confidence in Leadership, Establish Appropriate Capital Allocation Processes, Hold Management Accountable and Oversee Strategy Development and Implementation Murchinson Ltd. (collectively with its affiliates and funds it advises and/or sub-advises, "Murchinson" or "we"), a significant shareholder with approximately 7.1% of the outstanding shares of Nano Dimension Ltd. (NASDAQ:NNDM) ("Nano" or the "Company"), today annou
BOSTON, July 26, 2024 (GLOBE NEWSWIRE) -- Tiber Ventures, Inc., formerly known as SeaChange International, Inc. (OTC:SEAC) ("Tiber"), today announced the preliminary results of its modified "Dutch auction" tender offer (the "Tender Offer") to purchase with cash up to $6.16 million shares (the "Shares") of its common stock ("Common Stock"), which expired one minute after 4:59 P.M. Eastern Daylight Time on July 25, 2024. Based on the preliminary count by the depositary for the Tender Offer, a total of 171,699 Shares were validly tendered and not validly withdrawn at a price per Share of not less than $6.75 and not more than $7.25 per Share. In accordance with the terms and cond
BOSTON, July 11, 2024 (GLOBE NEWSWIRE) -- Tiber Ventures, Inc., formerly known as SeaChange International, Inc., (OTC:SEAC) ("Tiber") today announced that its modified "Dutch auction" Tender Offer (the "Tender Offer") will be extended for ten business days and will now expire one minute after 4:59 P.M. Eastern Daylight Time on July 25, 2024 unless further extended by Tiber or otherwise terminated (the "Expiration Time"). Tenders of shares must be made on or prior to the expiration of the Tender Offer and may be withdrawn at any time prior to the expiration of the Tender Offer, in each case, in accordance with the procedures described in the Tender Offer materials distributed to Tiber's
BOSTON, June 10, 2024 (GLOBE NEWSWIRE) -- Tiber Ventures, Inc., formerly known as SeaChange International, Inc., (OTC:SEAC) ("Tiber Ventures") today is announcing a modified "Dutch auction" tender offer to purchase with cash up to $6.16 million of shares of its common stock, at a price per share of not less than $6.75 and not more than $7.25. The complete terms of the tender offer are set forth in the Offer to Purchase and the related Letter of Transmittal, each dated today. The tender offer will expire one minute after 4:59 P.M. Eastern Daylight Time on July 10, 2024 unless extended by Tiber Ventures or otherwise terminated. Tenders of shares must be made on or prior to the expiration of
BOSTON, May 09, 2024 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (OTC:SEAC) ("SeaChange" or the "Company"), a leading provider of video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, today announced that it has closed its previously announced transaction to sell substantially all of SeaChange's assets related to its product and services business to Enghouse Systems Limited ("Enghouse"), a leading global telecommunication technology and solutions company that provides next generation communications solutions to communication service providers (including TV / cable operators), media companies, defense, public safety
BOSTON, April 24, 2024 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (OTC:SEAC) ("SeaChange" or the "Company"), a leading provider of video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, has entered into an asset purchase agreement (the "Enghouse Purchase Agreement") under which an affiliate of Enghouse Systems Limited ("Enghouse"), a leading global telecommunication technology and solutions company that provides next generation communications solutions to communication service providers (including TV / cable operators), media companies, defense, public safety agencies, and utilities, will acquire substantially all o
Highlights Urgent Need for An Independent Director Perspective to Address Genco's Persistent Underperformance and Unlock Value for Shareholders Outlines Concerns with Chairman James Dolphin's Outsized Influence in the Genco Boardroom Urges Shareholders to Vote FOR the Election of GK Investor Nominee Robert Pons on the BLUE Universal Proxy Card and WITHHOLD on Genco Board Chairman James Dolphin GK Investor LLC ("GK"), an affiliate of George Economou that is an approximately 5.3% shareholder of Genco Shipping & Trading Limited ("Genco" or the "Company") (NYSE:GNK), today announced that it has filed its definitive proxy statement with the U.S. Securities and Exchange Commission in connec
BOSTON, April 18, 2024 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (OTC:SEAC) ("SeaChange" or the "Company"), a leading provider of video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, has entered into a second omnibus amendment (such amendment, "Amendment No. 2") to the asset purchase agreement and software purchase agreement (the "Original Purchase Agreements") previously announced on March 11, 2024, as amended by the omnibus amendment to the Original Purchase Agreements ("Amendment No. 1") previously announced on April 10, 2024, with affiliates of Partner One, one of the fastest-growing software conglomerates in
BOSTON, April 10, 2024 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (OTC:SEAC) ("SeaChange" or the "Company"), a leading provider of video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, has entered into an omnibus amendment (such amendment, the "Amendment to the Purchase Agreements") to the previously announced asset purchase agreement and software purchase agreement (the "Original Purchase Agreements") with affiliates of Partner One, one of the fastest-growing software conglomerates in the world, in response to an acquisition proposal from a third party that the Company received during its go-shop period, which exp
BOSTON, March 11, 2024 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (OTC:SEAC) ("SeaChange" or the "Company"), a leading provider of video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, has entered into an asset purchase agreement (the "Purchase Agreement") under which an affiliate of Partner One, one of the fastest-growing software conglomerates in the world, will acquire substantially all of SeaChange's assets related to its product and services business (the "Asset Sale"), and will assume certain liabilities, for a purchase price of $30 million, less SeaChange's cash and cash equivalents at closing (the "Closing"
BOSTON, Aug. 16, 2023 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (NASDAQ:SEAC), ("SeaChange" or the "Company"), a leading provider of video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, today announced that its Board of Directors (the "Board") adopted a Tax Benefits Preservation Plan, dated August 16, 2023 (the "Plan"), by and between the Company and Computershare Trust Company, N.A., as rights agent, that is intended to protect and preserve the ability of the Company to use its existing net operating loss carryforwards and certain other tax assets (collectively, the "NOLs") to reduce the Company's potential futu
Quarterly revenue increased 23% sequentially and 19% year-over-year to $10.2 million, representing the highest quarterly level in three yearsQuarterly gross margin expanded to 73%, also marking highest level in three yearsGenerated $1.7 million in GAAP net income and $1.7 million in adjusted earnings before interest taxes depreciation and amortization "Adjusted EBITDA" for fiscal fourth quarter 2023Total revenue for fiscal 2023 increased 19% year-over-year to $32.5 million, primarily driven by software development projects related to streaming and ConnectedTV license sales BOSTON, April 05, 2023 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (NASDAQ:SEAC), ("SeaChange" or the "Company"
BOSTON, March 27, 2023 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (NASDAQ:SEAC) ("SeaChange" or the "Company"), a leading provider of video delivery, advertising, streaming platforms, and emerging FAST (Free Ad-Supported Streaming TV services) development, will hold a conference call on Wednesday, April 5, 2023 at 4:30 p.m. Eastern time to discuss its financial results for the fourth quarter and full-year ended January 31, 2023. Financial results will be issued in a press release prior to the call. SeaChange management will host the conference call, followed by a question-and-answer period. Interested parties may submit questions in advance of the conference call by emailing SEAC@G
Total revenue of $8.3 million, up 13% sequentially and 16% year-over-yearGross margin expands to 62% in Fiscal Q3 2023 from 52% in Fiscal Q3 2022Generated positive non-GAAP net income for second consecutive quarter Selected by Fox Sports Mexico to power next-generation streaming service BOSTON, Dec. 12, 2022 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (NASDAQ:SEAC), ("SeaChange" or the "Company"), a leading provider of video delivery, advertising, streaming platforms, and emerging FAST (Free Ad-Supported Streaming TV services) development, today, reported financial and operational results for the fiscal third quarter ended October 31, 2022. Fiscal Third Quarter 2023 and Recent
BOSTON, Nov. 29, 2022 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (NASDAQ:SEAC) ("SeaChange" or the "Company"), a leading provider of video delivery, advertising, streaming platforms, and emerging FAST (Free Ad-Supported Streaming TV services) development, will hold a conference call on Monday, December 12, 2022 at 4:30 p.m. Eastern time to discuss its financial results for the third quarter ended October 31, 2022. Financial results will be issued in a press release prior to the call. SeaChange management will host the conference call, followed by a question-and-answer period. Interested parties may submit questions in advance of the conference call by emailing [email protected] D
Revenue of $7.3M for Fiscal 2Q 2023 was up 12% y/y and 9% sequentiallyGross Margin up 200 basis points y/y to 65% with execution on profitable growthAttractive outlook with focus on streaming, digital advertising, and Connected TV BOSTON, Sept. 12, 2022 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (NASDAQ:SEAC), ("SeaChange" or the "Company") a leading provider of video delivery, advertising, streaming platforms, and emerging FAST (Free Ad-Supported Streaming TV services) development, today, reported financial and operational results for the fiscal second quarter ended July 31, 2022. Fiscal Second Quarter 2023 and Recent Highlights Grew revenue year-over-year and sequen
BOSTON, Aug. 30, 2022 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (NASDAQ:SEAC) ("SeaChange" or the "Company"), a leading provider of video delivery, advertising, streaming platforms, and emerging FAST (Free Ad-Supported Streaming TV services) development, will hold a conference call on Monday, September 12, 2022 at 4:30 p.m. Eastern time to discuss its financial results for the second quarter ended July 31, 2022. Financial results will be issued in a press release prior to the call. SeaChange management will host the conference call, followed by a question-and-answer period. Interested parties may submit questions in advance of the conference call by emailing [email protected] Da
BOSTON, June 08, 2022 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (NASDAQ:SEAC), ("SeaChange" or the "Company") a leading provider of video delivery, advertising, streaming platforms, and emerging FAST (Free Ad-Supported Streaming TV services) development, today reported financial and operational results for the fiscal first quarter ended April 30, 2022. Fiscal First Quarter 2023 and Recent Highlights Renewed long-term support and services agreements with two major Operator TV customers in North AmericaCommenced onboarding of two additional StreamVid customers in Latin America and EMEA, generating traffic and revenue on SeaChange's Software-as-a-Service (SaaS) cloud platformAdvance
- Continued Operating Momentum, with Fiscal Q4 2022 Total Revenue up 20% from Fiscal Q3 2022 and up 67% Year-over-Year- Signed major renewal with Tier 1 Operator in Q4 2022 BOSTON, April 08, 2022 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (NASDAQ:SEAC), ("SeaChange" or the "Company") a leading provider of video delivery, advertising, and emerging streaming platforms, today reported financial and operational results for the fiscal fourth quarter and full-year ended January 31, 2022. Fiscal Fourth Quarter 2022 Closed two major renewal and upgrade projects with Tier 1 operators in North America and Latin America, adding over $2 million in one-time product and lic
Los Angeles, CA, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Triller, the AI-powered open garden technology platform for creators, today announced that it has acquired the world's fastest-growing company in combat sports, Bare Knuckle Fight Championship (BKFC), for an undisclosed amount. As the company continues to invest in the technology, services, and events that are redefining social media and the rapidly growing combat sports sector, Triller's acquisition is another step in that direction as it looks to expand Fight Club's leadership in the space. This transaction also fits nicely with Triller's acquisition of FITE last year, a global streaming platform that has carried BKFCsince its inception