Partner One to acquire SeaChange International assets

▤ Summary

Software conglomerate Partner One is to acquire the assets of video-on-demand technology pioneer SeaChange International. Subject to shareholder approval, the sale is expected to close in the first quarter of SeaChange’s fiscal year 2025. SeaChange’s track record of innovation and customer satisfaction aligns perfectly with our mission to empower businesses with market-leading technologies and impeccable service. The agreement includes a US$1 million termination fee payable to Partner One under certain circumstances, such as completion of an alternative acquisition transaction. SeaChange’s main shareholder, with a 30.5% stake, has agreed to vote to approve the asset sale at a forthcoming special meeting of stockholders.

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