SeaChange Wraps Liberate Deal

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SeaChange International Inc. said Wednesday that its deal to acquire most of Liberate Technologies’ business assets outside of North America has been completed.

SeaChange announced the $23.5 million cash agreement for the interactive-TV-software assets in April.

Liberate has deployed its software with NTL Inc., Telewest Communications plc and UnitedGlobalCom Inc. in Europe.

The domestic Liberate assets were purchased earlier this year by a joint venture between Comcast Corp. and Cox Communications Inc.

SeaChange gets the rights to certain customer contracts, patents and other intellectual property, along with assuming certain limited liabilities.

SeaChange said it will continue operations in Liberate's former facilities in San Mateo, Calif., and London, retaining approximately 20 employees.

"This strategic acquisition provides SeaChange with the value of Liberate's interactive-software platform, experienced engineers and contracts with some of Europe's top broadband operators,” SeaChange CEO Bill Styslinger said in a prepared statement.

“It is very complementary and accretive to our television business," he added. "SeaChange digital-video systems are serving more commercial on-demand television services worldwide than any other, and we intend to continue our leadership by providing our customers with the flexibility, speed and utmost confidence in the deployment of compelling new digital and interactive-television applications."

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