TV Ad Leader SeaChange Reports Gains for Advertising in North America and Europe
Secures Design Wins for Infusion Multi-Screen Platform in North America and Europe
ACTON, Mass.--(BUSINESS WIRE)-- SeaChange International, Inc. (NASDAQ: SEAC), a leading global multi-screen video software innovator, today reported on continued North American and European video service provider uptake for its advertising solutions, including its Infusion Advanced Advertising Platform, the comprehensive solution for linear and non-linear advertising on television and multi-screen devices including tablets, smartphones and PCs.
In North America, two of the largest cable television multiple system operators (MSOs) have selected SeaChange (SEAC) for multi-screen ad delivery. Additionally, the Companys linear local advertising has been selected by two of the regions largest telecommunications MSOs, including a planned deployment for the largest video advertising insertion operation in the world.
In Europe, SeaChange already supports one of the largest video-on-demand (VOD) advertising operations. In addition, two of the regions largest cable MSOs serving multiple countries are deploying SeaChanges software for ad insertion into VOD program streams, as well as the Companys ad decision management tools.
Infusion will ensure that advertising performs its vital role in television especially as non-linear multi-screen viewing continues to grow and as new entrants increase the scale of their operations, said Aseem Bakshi, general manager, Advertising business unit, SeaChange. Infusion solutions are enabling some of the largest local advertising projects ever supported in North America, and will empower even more operators in Europe to capitalize on their growing VOD services, he added.
According to Digital TV Researchs On-Demand TV Revenue Forecasts report, global revenues from on-demand TV will hit $6 billion in 2017, up from $3.9 billion in 2011. Regionally, North America and Western Europe will supply two-thirds of global on-demand TV revenues by 2017.
The SeaChange Infusion Advanced Advertising Platform is the foundation for the new breed of video advertising operations. Representing the transformation of our world-leading Spot advertising insertion solution, Infusion scales to support operators migration to consolidated regional and national advertising systems that are managed from increasingly web-centric and virtualized datacenters. AdPulse provides the extensions to core VOD technology and the ad management back office functions to automate the dynamic insertion of advertisements into on-demand video streams.
SeaChange will demonstrate the Infusion Advanced Advertising Platform at IBC2012 (Amsterdam), Sept. 7-11, and SCTE Cable-Tec Expo (Orlando), Oct. 17-19. In addition, SeaChanges Advertising GM Aseem Bakshi will address multi-screen advertising opportunities at the Advanced Advertising 5.0 Summit (NYC) on Nov. 13.
About SeaChange International
Ranked among the top 250 software companies in the world, SeaChange International (NASDAQ: SEAC) enables transformative multi-screen video services through an open, cloud-based, intelligent software platform trusted by cable, IPTV and mobile operators globally. Personalized and fully monetized video experiences anytime on any device, in the home and everywhere, are the product of the Companys superior back office, advertising and in-home offerings.
SeaChanges hundreds of customers are many of the worlds most powerful media brands including all major cable operators in the Americas and Europe, and the largest telecom companies in the world. Headquartered in Acton, Massachusetts, SeaChange is TL 9000 certified and has product development, support and sales offices around the world. Visit www.schange.com.
Jim Sheehan, +1 978-897-0100 x3064
Martha Schaefer, +1 978-897-0100 x3030
Source: SeaChange International, Inc.Copyright Business Wire 2012