A new US customer has helped SeaChange grow third quarter product revenue.
The software and services company has seen its Adrenalin Multiscreen Platform go live with two large North American service providers.
For the first nine months of the 2016 financial year, the Company posted revenues of $79.8 million.
“We’re pleased to report our first profitable quarter since the end of fiscal 2014, a positive performance that reflects the commercial progress of our Adrenalin multiscreen platform rollouts as well as the further diversification of our customer base,” said Jay Samit, Chief Executive Officer, SeaChange. “With the implementation of our OTT strategy, we have expanded the Company’s addressable market to content owners. Last month our Rave platform went live in commercial OTT service for our first content owner customer.”
Seachange will have a commercial launch for its Rave product on a US-based MVNO ROK Mobile in the first half of 2016.