Sony Pixel Power calrec Sony

SeaChange International's Strategic Roadmap and Operational Progress Strengthens Company's Position for Fiscal 2022

15/03/2021

SeaChange International's Strategic Roadmap and Operational Progress Strengthens Company's Position for Fiscal 2022 Download as PDF March 15, 2021 7:30am EDT

Company to Present OTT Streaming Technologies and Host Q&A Session on Thursday, March 18 at 1 PM ET

WALTHAM, Mass., March 15, 2021 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (NASDAQ: SEAC), a leading provider of video delivery platforms, today reported that its recent operational progress on strategic initiatives has placed the Company in a stronger position for fiscal 2022.

Recent Operational Progress and Strategic Initiatives

Under the leadership of Robert Pons, who was appointed Executive Chairman on January 13, 2021, the Company has implemented several strategic initiatives that have created a more focused and capable organization. The initiatives have also enhanced SeaChange's technology platform and go-to-market approach to better align with the worldwide explosive growth in over-the-top (OTT) streaming services demand during the pandemic.

SeaChange's strategic initiatives have included:

Enhancing the Company's go-to-market strategy to position SeaChange as the leading enabler of video streaming services to cable companies and content owners globally

Refining the Company's business model to more effectively monetize the value of SeaChange's software and services and drive a greater return on investment for the Company's customers

Strengthening the team with key appointments, including technology veteran Matthew Stecker to the board of directors, and the promotion of Christoph Klimmer to SVP of Global Sales and Marketing

While we are still in the early phases of our new strategic roadmap, these initiatives have already produced encouraging results, including a customer-centric sales motion that has deepened and expanded customer engagements, said Pons. We are now positioned to enable a customer's OTT streaming service with a full suite of offerings, including advanced analytics to report business KPIs, monetization tools such as an advertising insertion technology and a client application that reaches end users to all major device platforms. Longer term, we believe the execution of our strategic roadmap will enable us to drive scale, capture market share, and create even greater value for both our customers and shareholders.

SeaChange's Expansive Technology Platform Enabling Streaming Services for Leading Cable Companies

With more than $250 million previously invested in SeaChange's technology platform, the Company's innovative software solutions are empowering cable companies like Grupo TVCable as well as content owners such as Westcoast Digital Services to seamlessly manage, deliver, and monetize their content.

Today, more than 80 customers globally rely on SeaChange's software solutions and professional services to orchestrate the delivery of content to all screens and devices, said Klimmer. In addition to dynamic content delivery and management requirements, we are seeing a growing need across the industry for technologies like our analytics engine to generate valuable and actionable insights to optimize end user retention and monetization.

The increasing value our technology is providing to leading cable operators and content owners demonstrates SeaChange's elevated value proposition and critical role in the industry. As an enabling technology, SeaChange effectively serves as a conduit to facilitate the delivery of video content to end users globally. This favorable positioning squarely aligns SeaChange with the strong secular tailwinds in the growing, multi-billion-dollar video streaming market, added Klimmer.

In calendar 2020, SeaChange deployed comprehensive technology solutions for cable companies and content owners like Westcoast Digital Services. SeaChange's technology enabled Westcoast Digital Services to launch a device-agnostic, direct-to-consumer video-on-demand service with premium content from all major studios under the brand, wevuTM. Richard Corps, co-founder and CEO of Westcoast Digital Services, commented: SeaChange's solution supports our unique business model of selling redeemable movie cards for digital movies in Tesco retail stores, that are available to stream on all devices. Our partnership with SeaChange has equipped us with an all-encompassing end-to-end solution, from content processing, user management, monetization and payment to the end user-facing client apps.

As the industry evolves, SeaChange adapts to technological advances by providing customers like Grupo TVCable an easy transition to new ways of business. Ronald Spina, Commercial Director at Grupo TVCable, said: With the support of the SeaChange solution, Grupo TVCable has successfully launched Xtrim, our OTT video service. SeaChange has fully equipped our team with a platform that integrates everything from content processing, user management, monetization, and payment to end-user-facing client applications. Our relationship with SeaChange has allowed us to build and grow our business model by providing our Pay TV service customers with an OTT option and access to premium content on any device, anywhere within the Ecuadorian region.

SeaChange plans to report its financial results for the fourth quarter and fiscal year ended January 31, 2021, in April. The conference call details will be announced approximately one week prior to the call.

OTT Streaming Technology Demonstration

SeaChange will host a webinar to demonstrate the depth and breadth of its technology platform on Thursday, March 18 at 1:00 p.m. Eastern time (10:00 a.m. Pacific time). The demonstration will be followed by a question-and-answer session hosted by Executive Chairman Robert Pons, CFO Michael Prinn, and SVP of Global Sales and Marketing Christoph Klimmer.

All are i
LINK: https://www.seachange.com/news-and-events/press-releases/detail/449/se...
See more stories from schange

More from SeaChange

07/04/2021

SeaChange International Sets Fourth Quarter and Fiscal 2021 Conference Call for Tuesday, April 13 at 5:00 p.m. ET

SeaChange International Sets Fourth Quarter and Fiscal 2021 Conference Call for ...

01/04/2021

SeaChange International Closes $19.1 Million Underwritten Public Offering of Common Stock Price Above-The-Market

SeaChange International Closes $19.1 Million Underwritten Public Offering of Com...

30/03/2021

SeaChange International Announces Proposed Underwritten Public Offering of Common Stock

SeaChange International Announces Proposed Underwritten Public Offering of Commo...

30/03/2021

SeaChange International Prices $19.1 Million Underwritten Public Offering of Common Stock

SeaChange International Prices $19.1 Million Underwritten Public Offering of Com...

29/03/2021

SeaChange International Secures Multi-Million-Dollar Contract with One of the Largest Broadband Service Providers in the U.S.

SeaChange International Secures Multi-Million-Dollar Contract with One of the La...

15/03/2021

SeaChange International's Strategic Roadmap and Operational Progress Strengthens Company's Position for Fiscal 2022

SeaChange International's Strategic Roadmap and Operational Progress Strengt...

11/02/2021

SeaChange International Appoints Veteran Technology Executive Matthew Stecker to Board of Directors

SeaChange International Appoints Veteran Technology Executive Matthew Stecker to...

01/12/2020

SeaChange International Sets Third Quarter Fiscal 2021 Conference Call for Thursday, December 10 at 5:00 p.m. ET

SeaChange International Sets Third Quarter Fiscal 2021 Conference Call for Thurs...

16/10/2020

SeaChange Selected by Leading Midwest Cable and Telecom Provider, Midco, to Monetize New Video Streaming Service

SeaChange Selected by Leading Midwest Cable and Telecom Provider, Midco, to Mone...

16/10/2020

SeaChange International Reports Fourth Quarter and Fiscal Year 2020 Financial Results

SeaChange International Reports Fourth Quarter and Fiscal Year 2020 Financial Re...

16/10/2020

SeaChange International Issues Business Update in Response to Global Impact of COVID-19

SeaChange International Issues Business Update in Response to Global Impact of C...

16/10/2020

SeaChange to Drive TV Provider Revenues and User Engagement with Amazon Web Services

SeaChange to Drive TV Provider Revenues and User Engagement with Amazon Web Serv...

16/10/2020

SeaChange International Sets First Quarter 2021 Conference Call for Thursday, June 11 at 5:00 p.m. ET

SeaChange International Sets First Quarter 2021 Conference Call for Thursday, Ju...

16/10/2020

SeaChange International Reports Fiscal First Quarter 2021 Financial Results

SeaChange International Reports Fiscal First Quarter 2021 Financial Results Download as PDF June 11, 2020 4:05pm EDT Related Documents Audio Earnings We...

16/10/2020

SeaChange Joins Russell 3000(R) Index

SeaChange Joins Russell 3000(R) Index Download as PDF June 29, 2020 9:00am EDT WALTHAM, MA / ACCESSWIRE / June 29, 2020 / SeaChange International Inc. (NASD...

16/10/2020

SeaChange Leadership Extends Salary Reduction Plan

SeaChange Leadership Extends Salary Reduction Plan Download as PDF July 06, 2020 8:15am EDT WALTHAM, MA / ACCESSWIRE / July 6, 2020 / SeaChange Internationa...

16/10/2020

SeaChange Corporation: SeaChange International Sets Second Quarter Fiscal 2021 Conference Call for Tuesday, September 8 at 5:00 p.m. ET

SeaChange Corporation: SeaChange International Sets Second Quarter Fiscal 2021 C...

16/10/2020

SeaChange International Reports Fiscal Second Quarter 2021 Financial Results

SeaChange International Reports Fiscal Second Quarter 2021 Financial Results Download as PDF September 08, 2020 4:05pm EDT Related Documents Audio Earni...

08/04/2019

SeaChange Strengthens Leadership Team

SeaChange Strengthens Leadership Team ACTON, Mass., April 5, 2019 -SeaChange International, Inc. (NASDAQ: SEAC), a leader in video delivery platforms, today an...

28/03/2019

SeaChange International to Issue Fiscal 2019 Fourth Quarter Results on April 10, 2019

SeaChange International to Issue Fiscal 2019 Fourth Quarter Results on April 10,...

11/03/2019

SeaChange Adopts Tax Benefits Preservation Plan to Protect Tax Assets

SeaChange Adopts Tax Benefits Preservation Plan to Protect Tax Assets March 11th, 2019 Shareholders to Vote on Tax Benefits Preservation Plan at 2019 Annual ...

02/03/2019

SeaChange Reaches Cooperation Agreement with Largest Shareholder, TAR Holdings

SeaChange Reaches Cooperation Agreement with Largest Shareholder, TAR Holdings March 1st, 2019 Appoints Robert Pons and Jeff Tuder to Board of Directors ACT...

27/02/2019

SeaChange Announces Leadership Changes

SeaChange Announces Leadership Changes February 26th, 2019 Edward Terino Resigns as CEO Board of Directors Creates Interim Office of the Chief Executive AC...

12/02/2019

SeaChange Acquires Xstream

SeaChange Acquires Xstream February 11th, 2019 Adds more than 5 million active subscribers Transaction expected to increase revenues and be accretive to Sea...

03/01/2019

SeaChange Appoints Yossi Aloni Senior Vice President and Chief Commercial Officer

SeaChange Appoints Yossi Aloni Senior Vice President and Chief Commercial Office...

21/12/2018

SeaChange Panoramic Platform Selected by Russia's TotalVideo for OTT Platform

SeaChange Panoramic Platform Selected by Russia's TotalVideo for OTT Platfor...

13/12/2018

SeaChange International Reports Third Quarter Fiscal 2019 Results

SeaChange International Reports Third Quarter Fiscal 2019 Results December 10th, 2018 ACTON, Mass., Dec. 10, 2018 (GLOBE NEWSWIRE) SeaChange International,...

26/11/2018

SeaChange International to Issue Fiscal 2019 Third Quarter Results on December 10, 2018

SeaChange International to Issue Fiscal 2019 Third Quarter Results on December 1...

11/10/2018

SeaChange International to Issue Fiscal 2019 First Quarter Results on June 6, 2018

SeaChange International to Issue Fiscal 2019 First Quarter Results on June 6, 20...

11/10/2018

SeaChange International Named To Streaming Media's Top 50 Companies Leading The Online Video Industry List

SeaChange International Named To Streaming Media's Top 50 Companies Leading ...

13/09/2018

SeaChange Unveils cView UI/UX Software to Provide Pay-TV Operators a Smooth Bridge between Legacy, IP, and OTT/Multiscreen Worlds

SeaChange Unveils cView UI/UX Software to Provide Pay-TV Operators a Smooth Brid...

06/09/2018

SeaChange International Reports Second Quarter Fiscal 2019 Results

SeaChange International Reports Second Quarter Fiscal 2019 Results September 5th, 2018 ACTON, Mass., Sept. 05, 2018 (GLOBE NEWSWIRE) SeaChange Internationa...

21/08/2018

SeaChange International Reports Preliminary Second Quarter Fiscal 2019 Results

SeaChange International Reports Preliminary Second Quarter Fiscal 2019 Results August 21st, 2018 ACTON, Mass., Aug. 21, 2018 (GLOBE NEWSWIRE) SeaChange Int...

31/07/2018

Atlantic Broadband Deploys SeaChange Solutions for New IP VOD Service

Atlantic Broadband Deploys SeaChange Solutions for New IP VOD Service July 30th, 2018 SeaChange collaborates with Concurrent Technology Inc. to provide Atlan...

19/07/2018

Seachange Promotes Marek Kielczewski to Chief Technology Officer

Seachange Promotes Marek Kielczewski to Chief Technology Officer July 19th, 2018 Marek Kielczewski is elevated to CTO role after success leading video soluti...

16/06/2018

SeaChange International Reports First Quarter Fiscal 2019 Results

SeaChange International Reports First Quarter Fiscal 2019 Results June 6th, 2018 ACTON, Mass., June 06, 2018 (GLOBE NEWSWIRE) SeaChange International, Inc....

07/06/2018

SeaChange cFlow Portfolio Equips Content Owners, Aggregators, Service Providers to Serve Up Personalization

SeaChange cFlow Portfolio Equips Content Owners, Aggregators, Service Providers...

07/06/2018

SeaChange Launches Powerful Cloud-Based, End-To-End Multi-Screen Video Management And Delivery Platform

SeaChange Launches Powerful Cloud-Based, End-To-End Multi-Screen Video Managemen...

07/12/2017

LIBERTY GLOBAL SELECTS SEACHANGE FOR NEXT-GENERATION CLOUD-BASED VIDEO OFFERING

ACTON, Mass. (December 6, 2017) Video solutions innovator SeaChange International Inc. (NASDAQ: SEAC) today announced its Adrenalin multiscreen video solution...

14/09/2017

Partner TV OTT Service Launches on SeaChange Adrenalin Platform

ACTON, Mass., Sept. 12, 2017 (GLOBE NEWSWIRE) -- SeaChange International, Inc. (NASDAQ:SEAC) today announced that Partner Communications, a leading Israeli Telc...

14/09/2017

SeaChange Strengthens End User Video Experience at IBC 2017

ACTON, Mass., Sept. 12, 2017 (GLOBE NEWSWIRE) -- Video solutions innovator SeaChange International, Inc (NASDAQ:SEAC) will demonstrate its latest products durin...

21/06/2017

Blue Ridge Communications Prepares for OTT Video with SeaChange

ACTON, Mass. (June 21, 2017) On the heels of completing its migration to the new generation Adrenalin video back office from SeaChange International, Inc. (NA...

15/06/2017

SeaChange Announces Preliminary Second Quarter Fiscal Year 2017 Results

ACTON, Mass. -- Multiscreen innovator SeaChange International, Inc. (NASDAQ: SEAC) today announced preliminary results for its second quarter fiscal year 2017. ...

15/06/2017

SeaChange International to Issue Fiscal 2017 Second Quarter Results on September 1

ACTON, Mass. -- Multiscreen innovator SeaChange International, Inc. (NASDAQ:SEAC...

15/06/2017

SeaChange Features Industry Leading Video Delivery Chain at IBC 2016 Next Week

ACTON, Mass. During IBC 2016 (Amsterdam, Sept. 9-13) service providers will experience the complete video delivery chain from SeaChange International, Inc. (N...

15/06/2017

SeaChange International Reports Second Quarter Fiscal 2017 Results

ACTON, Mass. (Sept. 1, 2016) SeaChange International, Inc. (NASDAQ: SEAC) today reported second quarter fiscal 2017 revenue of $18.5 million and U.S. GAAP los...