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SeaChange Acquires Overseas Assets of Liberate Technologies

Authored by Mark Hefflinger on July 14, 2005 - 9:55am.
San Mateo, Calif. -- SeaChange International, a Massachusetts-based provider of digital video systems, said that it has acquired San Mateo, Calif.-based San Liberate Technologies' interactive TV software business assets outside of North America for about $23.5 million. Liberate supplies software to some of the world's largest network operators, including ntl, Telewest and UGC in Europe. Under terms of the acquisition, SeaChange has been assigned certain customer contracts, as well as receiving patents and other intellectual property. The company said that it also will continue operations at Liberate's former facilities in San Mateo and London, England, and is continuing employment for about 20 Liberate employees.
tags: Acquisition | Acquires | SeaChange | Overseas Assets | Liberate Technologies |

SeaChange Buys Liberate's Overseas Interactive TV Assets for $25.5 Million

Authored by Mark Hefflinger on April 18, 2005 - 8:58am.
Maynard, Mass. -- SeaChange International, a provider of video-on-demand and other digital video systems to broadcasters, announced on Monday that it hat acquired the assets of interactive TV software firm Liberate Technologies outside of North America. Massachusetts-based SeaChange will exchange $25.5 million in cash for certain patents, and contracts with TV providers including ntl, Telewest and UGC in Europe. San Mateo, Calif.-based Liberate's North American assets were purchased earlier this month by a joint venture of cable operators Comcast and Cox, for $82 million. Liberate's middleware software for set-top boxes enables cable operators to run multiple services -- including high-definition television, video-on-demand and personal video recorders -- on multiple platforms.
tags: Acquisition | Acquires | SeaChange | Overseas Assets | Liberate Technologies |