SeaChange International was awarded signed a Master Purchase Agreement with one of the five largest cable television companies in the U.S. The name of the cable operator was not disclosed.
This agreement includes the purchase of SeaChange’s VOD software and hardware, advertising insertion solutions, as well as associated support services. SeaChange becomes the exclusive provider of VOD software and hardware for this customer under this one-year agreement with automatic one-year renewal provisions subject to certain conditions maintained by SeaChange.
With the execution of this contract, SeaChange has completed Master Purchase Agreements over the last two months with two of the largest service providers in North America. SeaChange said it expects to finalize two more similar announcements in the near future.http://www.schange.com
