Partner One to Acquire SeaChange International's Product and Services Assets

An affiliate of Partner One will acquire substantially all of SeaChange International’s product and services assets for a purchase price of $30 million, less SeaChange's cash and cash equivalents at closing. The asset sale is expected to close in SeaChange’s fiscal 2025 first quarter, subject to shareholder approvals, and SeaChange expects net proceeds of approximately $13–15 million while retaining its cash and NOLs.