SeaChange International said Wednesday that it has agreed to sell its broadcast server and storage business. SeaChange didn’t name the buyer but said a U.S. venture firm led a group of financial investors. MarketWatch reported that VantagePoint Capital Partners is leading the investor group to buy the business. The new company will be called XOR [...]
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SeaChange International (Nasdaq: SEAC) has agreed to buy VividLogic Inc., a Fremont, Calif.-based provider of software and services to cable television service providers, set-top box manufacturers and consumer electronics suppliers. No financial terms were disclosed. VividLogic raised $3 million in 2005 from Constellation Ventures.