A SeaChange for VividLogic
Wade Roush1/11/10
Acton, MA-based SeaChange International (NASDAQ: SEAC), which specializes in hardware and software for video-on-demand television, announced last week that it has acquired VividLogic of Fremont, CA, for $12 million in cash plus $8.6 million in working capital. VividLogic supplies software for home video networking and recording to cable operators, set-top box makers, and consumer electronics firms, and SeaChange said the acquisition will help it capitalize on growing interest in Internet-based video delivery to the home. SeaChange said it will owe VividLogic shareholders an additional $1 million on each of the first three anniversaries of the acquisition.
