SeaChange purchases assets of ITV software specialist Flashlight Engineering and Consulting
June 19, 2012
ACTON, Mass. -- SeaChange International, Inc. (NASDAQ: SEAC), a leading global multi-screen video software innovator, announced today that it has purchased all assets and intellectual property, including source code, from Flashlight Engineering and Consulting, LLC of Portland, Oregon. Flashlight specializes in designing and writing software for digital TVs and set-top boxes.
As part of the agreement, SeaChange will create a business unit in Portland for its 20 employees and, effective immediately, Flashlight President and CEO Eric Miller becomes VP-Engineering at SeaChange, reporting to Shiva Patibanda, General Manager of SeaChange’s In-Home business unit.
SeaChange CFO Mike Bornak commented, “We welcome the highly talented Flashlight organization to our SeaChange team. This purchase of Flashlight assets is an example of the research and development investments we are making to accelerate the delivery of our next generation software solutions and develop new revenue streams.”
SeaChange International Inc. (Nasdaq: SEAC)
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