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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