May 11, 2012 | last updated May 14, 2012 11:21 am

Acton-Based SeaChange Completes Sale Of Division

SeaChange International Inc. of Acton, a multi-screen video software innovator, announced it has completed the sale of its broadcast server and storage business to a new, independent company XOR Media.

SeaChange CEO Raghu Rau said that, with the completion of the sale, SeaChange can focus on its core software and services operations, including its next-generation back office, video streamers, gateway software and advertising software.

Rau said XOR will utilize the same team and processes from SeaChange.

XOR plans to launch new open, cloud-capable and media-optimized servers and storage.

Read more

SeaChange Posts Loss, Revenue Falls

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