SeaChange International Inc. wrapped its purchased of all assets and intellectual property, including source code, from Flashlight Engineering and Consulting LLC of Portland, Ore.
No financial details were disclosed. Flashlight specializes in designing and writing software for digital TVs and set-top boxes. ??As part of the deal, SeaChange says will create a business unit in Portland for its 20 employees. Effective immediately, Flashlight President and CEO Eric Miller becomes vice president/Engineering at SeaChange, reporting to Shiva Patibanda, general manager of SeaChange’s In-Home business unit.
“The skill set of our team at Flashlight complements the skill set of the team at SeaChange, as we have previously collaborated on projects for large cable operators,” Miller notes. “Besides the existing synergy between the two companies, this merging creates an expansion of engineering scope for SeaChange.”
“We welcome the highly talented Flashlight organization to our SeaChange team,” says SeaChange CFO Mike Bornak. “This purchase of Flashlight assets is an example of the research and development investments we are making to accelerate the delivery of our next generation software solutions and develop new revenue streams.”??
Adds Patibanda, “Flashlight architects, along with SeaChange architects, have been contributing to the primary industry standards for consumer electronics, digital video and interactive TV software for many years. Flashlight has worked across the spectrum of ITV software, from drivers to applications and from web services to set-top boxes and mobile devices.”
He continues, “Every major cable operator in the United States is using software developed by Flashlight engineers, and their expertise ties in nicely with our software development and deployments with all major cable operators in the Americas and Europe.”