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SeaChange International acquires Denmark company for $5.5M

Acton video platform provider SeaChance International has acquired a Denmark-based video and TV cloud platform for a total of $5.5 million.
The transaction to acquire Xstream includes $4.6 million in cash and 541,738 shares of SeaChance common stock as of Feb. 6.
In a statement, SeaChange CEO Ed Terino said the acquired firm will provide the company with a managed service and an over-the-top video solution with m ...

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