Key Developments: SeaChange International Inc (SEAC.O)

SEAC.O on Nasdaq

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1 May 2015
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Latest Key Developments (Source: Significant Developments)

SeaChange International Inc's Timeline Labs acquisition delivers operations and marketplace synergies
Wednesday, 4 Feb 2015 09:00am EST 

SeaChange International Inc:Says it has completed its acquisition of social media analytics software developer TLL, LLC (Timeline Labs).Part of SeaChange's growth strategy, this acquisition expands the Company's customer base and extends its domain expertise to television broadcasting and online video, as well as enhancing SeaChange's board of directors.Under the terms of the definitive acquisition agreement announced Dec. 22, 2014, SeaChange agreed to pay $14 mln in cash and issue $8 million in shares of SeaChange stock to Timeline Labs shareholders.An additional payment of up to $2.5 mln in deferred performance-based consideration, payable in shares of SeaChange stock, will be based on financial targets for Timeline Labs over a two-year period with payment upon achievement of these metrics occurring annually.  Full Article

SeaChange International, Inc announces agreement to acquire Timeline Labs
Monday, 22 Dec 2014 04:01pm EST 

SeaChange International, Inc:Enters into a binding agreement to acquire TLL, LLC which does business as Timeline Labs.Under the terms of the definitive agreement, SeaChange will pay $14 mln in cash, $8 mln in shares of SeaChange stock, and up to an additional $2.5 mln in deferred performance-based consideration payable in shares of SeaChange stock.This payment will be based on financial targets for Timeline Labs over a two-year period with payment upon achievement of these metrics occurring annually.For fiscal 2016, the transaction is anticipated to be neutral to SeaChange's non-GAAP earnings per share.Transaction is subject to customary closing conditions and is expected to close on Feb. 02, 2015.All Timeline Labs employees, including the CEO and senior leadership team, will join SeaChange as part of the transaction.In addition, SeaChange has agreed to name one person designated by Timeline Labs' equityholders to the SeaChange board of directors, effective as of closing of the transaction.  Full Article

SeaChange International Inc gives Q4 2015 guidance below analysts' estimates; lowers FY 2015 guidance
Wednesday, 3 Dec 2014 04:01pm EST 

SeaChange International Inc:Anticipates Q4 2015 revenue to be in the range of $30 million to $34 million.Anticipates Q4 2015 non-GAAP operating results be between a loss of $0.07 per basic share and income of $0.01 per basic and diluted share.Anticipates FY 2015 revenues to be in the range of $114 million to $118 million, a decrease from the previously announced range of $125 million to $130 million, due to the timing of revenue recognition associated with multiscreen products and services previously anticipated in the fourth quarter.Anticipates FY 2015 non-GAAP operating losses to be in the range of $0.44 to $0.36 per basic share, a change from previously announced guidance of a loss of $0.12 per basic share to income of $0.02 per basic and diluted share.Q4 2015 revenue of $42 million and EPS of $0.25 - Thomson Reuters I/B/E/S.FY 2015 revenue of $127 million and EPS of $(0.13) - Thomson Reuters I/B/E/S.  Full Article

Layer3 TV selects SeaChange International as vendor
Monday, 1 Dec 2014 12:35pm EST 

Next generation:Selects SeaChange International, Inc. as a key vendor for its in-home platform, which will launch in 2015.Layer3 TV will use SeaChange's open Nucleus video gateway software to deliver service.  Full Article

SeaChange International Inc appoints Chief Executive Officer
Tuesday, 21 Oct 2014 07:00am EDT 

SeaChange International Inc:Appoints Jay Samit as Chief Executive Officer effective immediately.Says Samit will also become member of the Board.Samit succeeds SeaChange's current Chief Executive Officer (CEO) Raghu Rau.  Full Article

SeaChange International Inc gives Q3 2015 guidance below analysts' estimates; lowers high end prior FY 2015 guidance
Thursday, 4 Sep 2014 04:01pm EDT 

SeaChange International Inc:Expect Q3 2015 revenues to be in the range of $29 million to $32 million and non-GAAP operating loss to be between $0.05 and $0.09 per basic share.Narrows FY 2015 revenue guidance to a range of $125 million to $130 million, and non-GAAP operating results to a range of a loss of $0.12 per share to operating income of $0.02 per share.Q3 2015 revenue of $35 million and EPS $0.04 - Thomson Reuters I/B/E/S.FY 2015 revenue of $125 million - Thomson Reuters I/B/E/S.  Full Article

SeaChange International Inc's SeaChange Cloud Adrenalin selected by BBC Worldwide for BBC Store
Thursday, 4 Sep 2014 06:25am EDT 

SeaChange International Inc:Says that SeaChange Cloud Adrenalin(tm) multi-screen television service has been selected by BBC Worldwide, commercial arm of the BBC, to support launch of BBC Store.New service will launch to UK consumers in 2015 and will include programs not currently available online, including content no longer available on BBC iPlayer.SeaChange will provide managed service incorporating Cloud Adrenalin, which can be experienced at IBC2014 next week, and Company's 24x7 remote service management team.SeaChange Cloud Adrenalin(tm) empowers television service providers and content owners to deliver advanced, multi-screen services that incorporate blended entertainment with personalized content.Cloud Adrenalin pay-as-you-grow model allows providers to dynamically control spending in response to elastic requirements for content, subscribers and levels of service offering.Full complement of SeaChange's deployment-proven multi-screen capabilities for delivery, analytics, promotions and system monitoring are available in Cloud Adrenalin.  Full Article

SeaChange International, Inc gives Q2, FY 2015 guidance below analysts' estimates
Thursday, 5 Jun 2014 04:02pm EDT 

SeaChange International, Inc:Expects Q2 2015 revenues to be in the range of $26 million to $30 million.Expects Q2 2015 non-GAAP operating loss between $0.10 and $0.20 per basic share.Expects FY 2015 revenues to be in the range of $125 million to $135 million.Expects FY 2015 non-GAAP operating results to be in the range of a loss of $0.12 per share to an operating income of $0.10 per share.Q2 2015 revenue of $34 million and EPS $0.06 - Thomson Reuters I/B/E/S.FY 2015 revenue of $144 million and EPS of $0.35 - Thomson Reuters I/B/E/S.  Full Article

SeaChange International Inc lowers Q4 2014 guidance; issues FY 2014 guidance below analysts' estimates
Tuesday, 25 Feb 2014 04:00pm EST 

SeaChange International Inc:Expects Q4 2014 revenue in the range of $34.5 mln to $35.5 mln, compared to the company's prior guidance of $40 mln to $45 mln.Expects Q4 2014 non-GAAP operating income of $0.01 to $0.02 per fully diluted share, compared to prior guidance of $0.15 to $0.20 per fully diluted share.Expects Q4 2014 GAAP operating loss of $0.03 to $0.04 per basic share.Expects FY 2014 revenue in the range of $145 mln to $146 mln.Expects non-GAAP operating income in the range of $0.24-$0.25.Expects GAAP operating loss in the range of $0.05-$0.07.Q4 2014 revenue of $43.45 mln and EPS of $0.19 - Thomson Reuters I/B/E/S.FY 2014 revenue of $155.6 mln and EPS of $0.41 - Thomson Reuters I/B/E/S.  Full Article

SeaChange International Inc and ThinkAnalytics sign global reseller agreement for multi-device video delivery and content recommendations
Wednesday, 15 Jan 2014 07:00am EST 

SeaChange International Inc and ThinkAnalytics:Says their global reseller agreement and integration of the SeaChange Adrenalin multi-screen video platform with the ThinkAnalytics Search and Recommendations Engine.Says the joint solution will enable video service providers and content owners to deliver multi-screen television with the advantages of personalized and intuitive content discovery.  Full Article

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