SeaChange International, Inc. (SEAC): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how video streaming and advertising tech come together? SeaChange International, Inc. (SEAC), a global provider of video delivery software, has been a key player in this space for decades, offering solutions for streaming, linear TV, and video advertising. Keep reading to explore its journey, ownership structure, and how it makes money, especially after its acquisition by Enghouse Systems Ltd. for approximately $23 million in May 2024.

Founded in 1993, SeaChange has evolved to provide video streaming and advertising technology for operators, content owners, and broadcasters. The company's offerings include content management, video delivery, and measurement and analytics, essential for managing and delivering video content across various platforms. In 2022, SeaChange International's revenue was $32.49 million, an increase of 18.98% compared to the previous year.

SeaChange International, Inc. (SEAC) History

SeaChange International, Inc. Founding Timeline

Year established

SeaChange International, Inc. was established in 1993.

Original location

The company was originally located in Maynard, Massachusetts.

Founding team members

The founding team members of SeaChange International, Inc. included:

• Bill Styslinger
• Ed McGrath
• Yucheng 'YP' Pai

Initial capital/funding

Information regarding the specific initial capital or funding for SeaChange International, Inc. is not readily available in the provided context. Additional independent research may be needed to obtain these details.

SeaChange International, Inc. Evolution Milestones

SeaChange International, Inc. Transformative Moments

• Transition to Software and Cloud-Based Solutions: SeaChange strategically shifted its focus towards software and cloud-based solutions to meet the evolving demands of the video streaming industry. This pivot enabled the company to offer more flexible, scalable, and cost-effective solutions for managing and delivering multiscreen video content.
• Acquisition of Xstream A/S in 2019: The acquisition of Xstream A/S significantly bolstered SeaChange's over-the-top (OTT) platform capabilities. This move enhanced SeaChange's technology stack and expanded its presence in the European market, allowing it to better serve its global customer base with advanced streaming solutions.
• Divestiture of Broadcast Business in 2021: By divesting its broadcast business, SeaChange streamlined its operations to concentrate on its core strengths in streaming and advertising technologies. This strategic decision allowed the company to sharpen its focus, allocate resources more effectively, and accelerate innovation in its key areas of expertise.

To gain further insights into the company's values and objectives, explore: Mission Statement, Vision, & Core Values of SeaChange International, Inc. (SEAC).

SeaChange International, Inc. (SEAC) Ownership Structure

SeaChange International, Inc. features a mixed ownership structure, with a combination of institutional and retail investors holding the majority of the company's shares.

SeaChange International, Inc.'s Current Status

As of April 2025, SeaChange International, Inc. is a publicly traded company, meaning its shares are available for purchase on a stock exchange. This allows a wide range of investors, from individuals to large institutions, to own a portion of the company.

SeaChange International, Inc.'s Ownership Breakdown

The following table provides an overview of SeaChange International's ownership structure:

SeaChange International, Inc.'s Leadership

Key figures leading SeaChange International, Inc. as of April 2025 include:

• Raghu Rau: Chief Executive Officer
• Michael Prinn: Chief Financial Officer

Understanding who owns and leads SeaChange International, Inc. provides valuable insight into the company's strategic direction and decision-making processes. For more in-depth analysis, check out: Exploring SeaChange International, Inc. (SEAC) Investor Profile: Who’s Buying and Why?

SeaChange International, Inc. (SEAC) Mission and Values

SeaChange International aims to improve video streaming by offering solutions that enhance quality and viewer experience, while also upholding values like innovation and customer success.

SeaChange International, Inc.'s Core Purpose

Official mission statement

SeaChange International, Inc. does not have a clearly defined, stand-alone mission statement available in its recent filings or investor documentation. However, information regarding the company's strategic objectives and business activities provides insight into its core mission. Based on their recent activities, the underlying mission can be inferred as follows:

• To enable media companies, broadcasters, and content owners to deliver high-quality video experiences to viewers across a multitude of devices and platforms.
• To provide comprehensive solutions that streamline the delivery of video content, enhance viewer engagement, and maximize monetization opportunities for its clients.
• To innovate continuously in the streaming technology space, offering cutting-edge solutions that address the evolving needs of the media and entertainment industry.

For detailed insights into SeaChange International's financial health, you can explore: Breaking Down SeaChange International, Inc. (SEAC) Financial Health: Key Insights for Investors

Vision statement

Similar to its mission statement, SeaChange International, Inc. does not have a prominently published, discrete vision statement. Nevertheless, the company's strategic direction and goals suggest a clear vision for the future. This vision can be summarized through the following points:

• To be a leading provider of end-to-end video delivery platforms, recognized for enabling exceptional viewing experiences and driving business success for its customers.
• To transform how media is consumed by leveraging innovative technologies and solutions that cater to the demands of an increasingly connected and digital world.
• To empower content owners and distributors with the tools they need to thrive in a competitive landscape, ensuring they can deliver engaging content to any screen, at any time.

Company slogan/tagline

As of now, SeaChange International, Inc. does not have a widely publicized official slogan or tagline. Without a direct slogan, understanding their market position requires looking at how they communicate their services and solutions.

SeaChange International, Inc. (SEAC) How It Works

SeaChange International, Inc. empowers video service providers, broadcasters, and content owners with innovative solutions for delivering high-quality video experiences across various devices and platforms.

SeaChange International, Inc.'s Product/Service Portfolio

SeaChange International, Inc.'s Operational Framework

SeaChange operates through the following key processes:

• Product Development: SeaChange invests in research and development to create innovative video delivery and advertising solutions.
• Sales and Marketing: The company employs a direct sales force and channel partners to reach its target markets.
• Project Implementation: SeaChange provides professional services to help customers deploy and integrate its solutions.
• Customer Support: The company offers ongoing support and maintenance services to ensure customer satisfaction.

These operations are supported by SeaChange's commitment to innovation and customer satisfaction. You can explore more about their values at: Mission Statement, Vision, & Core Values of SeaChange International, Inc. (SEAC).

SeaChange International, Inc.'s Strategic Advantages

SeaChange possesses several strategic advantages that contribute to its market success:

• Comprehensive Product Portfolio: SeaChange offers a wide range of solutions that address the needs of video service providers, broadcasters, and content owners.
• Industry Expertise: The company has a long history of providing video solutions and a deep understanding of the media and entertainment industry.
• Scalable and Reliable Technology: SeaChange's solutions are designed to handle the demands of large-scale video delivery and advertising operations.
• Strong Customer Relationships: The company has a reputation for providing excellent customer support and building long-term relationships.

SeaChange International, Inc. (SEAC) How It Makes Money

SeaChange International, Inc. primarily generates revenue by providing video delivery platforms, advertising, and streaming solutions that enable media companies, broadcasters, and operators to deliver high-quality video content to viewers across various devices and platforms.

SeaChange International, Inc.'s Revenue Breakdown

SeaChange International, Inc.'s Business Economics

SeaChange International, Inc.'s business economics are influenced by several key factors:

• Pricing Strategy: SeaChange employs a mix of subscription-based and perpetual licensing models for its software solutions. Subscription models provide recurring revenue, while perpetual licenses generate upfront income.
• Market Demand: The increasing demand for Over-The-Top (OTT) video services and streaming drives the need for SeaChange's video delivery platforms.
• Competition: The video technology market is competitive, with numerous players offering similar solutions, impacting SeaChange's pricing power and market share.
• Operating Expenses: SeaChange's profitability is affected by its operating expenses, including research and development (R&D), sales and marketing, and administrative costs.

For further insights into SeaChange International, Inc., consider reading: Exploring SeaChange International, Inc. (SEAC) Investor Profile: Who’s Buying and Why?

SeaChange International, Inc.'s Financial Performance

Key aspects of SeaChange International, Inc.'s financial performance include:

• Revenue Trends: SeaChange's total revenue for the fiscal year 2024 was $21.4 million, a decrease compared to the $27.4 million in fiscal year 2023.
• Gross Profit: The gross profit for fiscal year 2024 was $13.2 million, compared to $16.2 million for fiscal year 2023.
• Operating Expenses: Operating expenses for fiscal year 2024 totaled $24.8 million, down from $31.9 million in fiscal year 2023.
• Net Loss: SeaChange reported a net loss of $11.6 million for fiscal year 2024, an improvement from the net loss of $15.7 million in fiscal year 2023.
• Cash Position: As of January 31, 2024, SeaChange had cash and cash equivalents of $14.4 million.

SeaChange International, Inc. (SEAC) Market Position & Future Outlook

SeaChange International is navigating a dynamic media technology landscape, striving to solidify its market position and capitalize on emerging opportunities. To gain deeper insights into the company's financial stability and growth potential, consider exploring Breaking Down SeaChange International, Inc. (SEAC) Financial Health: Key Insights for Investors.

Competitive Landscape

Opportunities & Challenges

Industry Position

SeaChange International holds a position as a specialized provider within the broader media technology industry. Key aspects of its industry standing include:

• Focus on niche areas within video delivery and advertising.
• Emphasis on software solutions and cloud-based services.
• Seeking to differentiate through innovation and customer-specific solutions.