Enghouse Affiliate to Acquire SeaChange International's Product and Services Business
April 24, 2024
An affiliate of Enghouse Systems Limited has agreed to acquire substantially all of SeaChange International's product and services assets for $39 million (less SeaChange cash on closing). The asset sale, approved by SeaChange's board and supported by a large shareholder voting agreement, is expected to close in early May 2024 and will result in SeaChange retaining cash, cash equivalents and tax NOLs.
- Buyers
- Enghouse Systems Limited (affiliate)
- Targets
- SeaChange International, Inc.
- Sellers
- SeaChange International, Inc.
- Industry
- Software
- Location
- Massachusetts, United States
- Transaction Type
- Divestiture
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