SeaChange International, Inc.
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SeaChange International, Inc. - overview
Established
1993
Location
Boston, MA, US
Primary Industry
Software
About
Based in the US, SeaChange International, Inc. specializes in providing technology solutions that facilitate video delivery and monetization for broadcast and streaming service providers. SeaChange International, Inc. develops technology solutions for video management and monetization, focusing on cable operators and content owners.
Founded in 1993 in Boston, US, the company completed its Initial Public Offering (IPO) in 1996. CEO Nav Navy leads the company through its operational strategies. SeaChange offers a comprehensive suite of technology solutions aimed at enhancing video delivery and monetization for broadcast and streaming service providers. Their core product offerings include a robust on-premise video management system designed for cable operators, a fully cloud-native Online Video Platform (OVP) for operators and content owners, and a unified advertising technology platform that increases advertising revenues across various media channels.
The company also specializes in content monetization through innovative FAST channel technology for Connected TV platforms, serving clients such as cable operators, broadcasters, and content owners across North America, Europe, and parts of Asia. In 2023, SeaChange reported a revenue of USD 32. 49 mn and an EBITDA of USD 11. 91 mn.
The company generates revenue primarily through subscriptions and partnerships with its clients, which include cable operators, content owners, and broadcasters. Transactions involve providing flagship products like the Operator TV Platform and the Advanced Advertising Platform, where clients pay recurring fees for access to these technologies. Additional revenue is generated from implementation services and ongoing support, structured to meet client needs for customizable solutions. SeaChange International aims to enhance its product lineup and expand into new markets.
The company is focused on designing new products that will be launched in the upcoming years to meet the evolving demands of video service providers. Specific timelines for these launches have not been disclosed. Additionally, the company is exploring opportunities in emerging markets in Asia and Europe, with plans to establish a stronger presence by 2025. The proceeds from their IPO in 1996 have been pivotal in financing these strategic growth initiatives.
Primary Industry
Software
Sub Industries
Music & Video Streaming Software
Website
www.schange.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
SeaChange International, Inc. - timeline of key events
SeaChange International, Inc. - financials
| Fiscal Year Ended | Jan 31, 2011 | Jan 31, 2012 | Jan 31, 2013 | Jan 31, 2014 | Jan 31, 2015 | Jan 31, 2016 | Jan 31, 2017 | Jan 31, 2018 | Jan 31, 2019 | Jan 31, 2020 | Jan 31, 2021 | Jan 31, 2022 | Jan 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 216,727,000 | 197,705,000 | 157,188,000 | 146,319,000 | 115,435,000 | 106,992,000 | 83,795,000 | 80,267,000 | 62,402,000 | 67,154,000 | - | - | - |
| % Revenue Growth (YoY) | - | (8.8%) | (20.5%) | (6.9%) | (21.1%) | (7.3%) | (21.7%) | (4.2%) | (22.3%) | 7.6% | - | - | - |
| EBITDA (USD) | 14,699,000 | 14,565,000 | 7,548,000 | 7,390,000 | (17,616,000) | (40,039,000) | (47,891,000) | (714,000) | (32,879,000) | (6,868,000) | - | - | - |
| Operating Income (USD) | 1,156,000 | 1,034,000 | (3,518,000) | (1,629,000) | (26,453,000) | (48,199,000) | (54,146,000) | (5,410,000) | (35,803,000) | (8,884,000) | - | - | - |
| Operating Margin | 0.5% | 0.5% | (2.2%) | (1.1%) | (22.9%) | (45.0%) | (64.6%) | (6.7%) | (57.4%) | (13.2%) | - | - | - |
| % EBITDA Margin | 6.8% | 7.4% | 4.8% | 5.1% | (15.3%) | (37.4%) | (57.2%) | (0.9%) | (52.7%) | (10.2%) | - | - | - |
| NET Income (USD) | 29,468,000 | (4,014,000) | (17,337,000) | (3,030,000) | (27,484,000) | (47,697,000) | (71,249,000) | 13,498,000 | (38,002,000) | (8,921,000) | - | - | - |
| % Net Margin | 13.6% | (2.0%) | (11.0%) | (2.1%) | (23.8%) | (44.6%) | (85.0%) | 16.8% | (60.9%) | (13.3%) | - | - | - |
SeaChange International, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout, Spin-Off | Lapsed/Withdrawn | SeaChange International, Inc.’s assets related to its product and services business | - | ||||||||
| IPO | Completed | SeaChange International, Inc. | - | ||||||||
| Buyout | Completed | SeaChange International, Inc. | - |
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SeaChange International, Inc. - employee data
SeaChange International, Inc. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Board Member | BM | ||||||
| Board Member, Chair of the Compensation Committee and Chair of the Audit Committee | BM |
BM Board Member
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