M&A Deal Summary

Enghouse Systems Acquires SeaChange

On April 24, 2024, Enghouse Systems acquired internet software and services company SeaChange for 39M USD

Acquisition Highlights
  • This is Enghouse Systems’ 10th transaction in the Internet Software and Services sector.
  • This is Enghouse Systems’ 4th largest (disclosed) transaction.
  • This is Enghouse Systems’ 18th transaction in the United States.
  • This is Enghouse Systems’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2024-04-24
Target SeaChange
Sector Internet Software and Services
Buyer(s) Enghouse Systems
Deal Type Add-on Acquisition
Deal Value 39M USD
Advisor(s) Needham & Co. LLC (Financial)
K&L Gates (Legal)

Target

SeaChange

Boston, Massachusetts, United States
SeaChange provides video streaming, linear TV, and video advertising technology for operators, content owners, and broadcasters globally. The company technology enables operators, broadcasters, and content owners to cost-effectively launch and grow premium linear TV and direct-to-consumer streaming services to manage, curate, and monetize their content. It helps protect existing and develop new and incremental advertising revenues for traditional linear TV and streaming services with its advertising technology. SeaChange was founded in 1993 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Enghouse Systems

Markham, Ontario, Canada
Category Company
Founded 1984
Sector Software
Employees1,729
Revenue 454M CAD (2023)
DESCRIPTION
Enghouse Systems' corporate headquarters in Markham, Ontario.
Enghouse Systems' corporate headquarters in Markham, Ontario.

Enghouse Systems is a developer of software products for Automated Mapping/Facilities Management/Geographic Information Systems ('AM/FM/GIS') for the telecommunications and utilities industries. Enghouse Systems was founded in 1984 and is based in Markham, Ontario.

DEAL STATS #
Overall 50 of 50
Sector (Internet Software and Services) 10 of 10
Type (Add-on Acquisition) 45 of 45
State (Massachusetts) 1 of 1
Country (United States) 18 of 18
Year (2024) 2 of 2
Size (of disclosed) 4 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-04 Mediasite

Madison, Wisconsin, United States

Mediasite is an automated and scalable system for creating, publishing, searching, and managing all videos. It lets clients focus on the bigger picture–transforming education, accelerating training, personalizing communications, and engaging learners. Mediasite Cloud is hosted by JPL Media in its Australian datacentre and connected directly to the AWS network to deliver a high-quality user experience while supporting thousands of simultaneous video streams and uploads.

Buy $16M
Mergr

Product

Company

Legal