Acton, Mass. – SeaChange International, a provider
of software and hardware for video-on-demand (VOD) systems, has entered into an
agreement to acquire VividLogic, a privately owned, California-based company
that provides software and services to cable television service providers,
set-top box manufacturers and consumer electronics suppliers.
Under the
agreement, SeaChange will pay $12 million in cash upon the closing of the deal
and $2 million will be paid on the one year anniversary of the closing.
SeaChange
said that the combination of its existing in-home technologies and the VividLogic
platforms will enable it to capitalize on the market shift towards IP-delivery
into and within the home.
Related Links:
http://www.schange.com/News/SeaChange-Acquires-VividLogic.aspx
